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REVENUES (Tables)
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Contract Asset
The following table summarizes our contract assets:
(in millions)September 30,
2025		December 31,
2024
Contract manufacturing services$5 $2 
Software sales34 44 
Bundled equipment and consumable medical products contracts99 87 
Contract assets$138 $133 
The following table summarizes contract liability activity for the nine months ended September 30, 2025 and 2024. The contract liability balance represents the transaction price allocated to the remaining performance obligations.
Nine Months Ended September 30,
(in millions)
2025
2024
Balance at beginning of period$171 $169 
New revenue deferrals388 383 
Revenue recognized upon satisfaction of performance obligations(394)(389)
Currency translation and other(6)(3)
Balance at end of period$159 $160 
For the nine months ended September 30, 2025 and 2024, $89 million and $94 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)September 30,
2025		December 31,
2024
Prepaid expenses and other current assets$65 $51 
Other non-current assets73 82 
Contract assets$138 $133 
Accrued expenses and other current liabilities$124 $131 
Other non-current liabilities35 40 
Contract liabilities$159 $171 
Sales-type Lease, Lease Income
The components of lease revenue for the three and nine months ended September 30, 2025 and 2024 were:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Sales-type lease revenue$— $3 $8 $8 
Operating lease revenue86 102 264 288 
Variable lease revenue5 10 20 22 
Total lease revenue$91 $115 $292 $318 
Operating Lease, Lease Income
The components of lease revenue for the three and nine months ended September 30, 2025 and 2024 were:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Sales-type lease revenue$— $3 $8 $8 
Operating lease revenue86 102 264 288 
Variable lease revenue5 10 20 22 
Total lease revenue$91 $115 $292 $318