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REVENUES (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Contract Asset
The following table summarizes our contract assets:
(in millions)June 30,
2025		December 31,
2024
Contract manufacturing services$6 $2 
Software sales36 44 
Bundled equipment and consumable medical products contracts87 87 
Contract assets$129 $133 
The following table summarizes contract liability activity for the six months ended June 30, 2025 and 2024. The contract liability balance represents the transaction price allocated to the remaining performance obligations.
Six Months Ended June 30,
(in millions)
2025
2024
Balance at beginning of period$171 $169 
New revenue deferrals258 200 
Revenue recognized upon satisfaction of performance obligations(250)(213)
Currency translation(1)— 
Balance at end of period$178 $156 
For the six months ended June 30, 2025 and 2024, $57 million and $73 million of revenue was recognized that was included in contract liabilities as of December 31, 2024 and 2023, respectively.
The following table summarizes the classification of contract assets and contract liabilities as reported in the condensed consolidated balance sheets:
(in millions)June 30,
2025		December 31,
2024
Prepaid expenses and other current assets$55 $51 
Other non-current assets74 82 
Contract assets$129 $133 
Accrued expenses and other current liabilities$133 $131 
Other non-current liabilities45 40 
Contract liabilities$178 $171 
Sales-type Lease, Lease Income
The components of lease revenue for the three and six months ended June 30, 2025 and 2024 were:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Sales-type lease revenue$— $3 $8 $5 
Operating lease revenue87 82 178 186 
Variable lease revenue8 4 15 12 
Total lease revenue$95 $89 $201 $203 
Operating Lease, Lease Income
The components of lease revenue for the three and six months ended June 30, 2025 and 2024 were:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Sales-type lease revenue$— $3 $8 $5 
Operating lease revenue87 82 178 186 
Variable lease revenue8 4 15 12 
Total lease revenue$95 $89 $201 $203