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REVENUES (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Contract Asset
The following table summarizes our contract assets:
(in millions)March 31,
2026		December 31,
2025
Contract manufacturing services$5 $3 
Software sales31 34 
Bundled equipment and consumable medical products contracts100 110 
Contract assets$136 $147 
The following table summarizes contract liability activity for the three months ended March 31, 2026 and 2025. The contract liability balance represents the transaction price allocated to the remaining performance obligations.
Three Months Ended March 31,
(in millions)
2026
2025
Balance at beginning of period$177 $171 
New revenue deferrals187 128 
Revenue recognized upon satisfaction of performance obligations(182)(124)
Currency translation and other— — 
Balance at end of period$182 $175 
For the three months ended March 31, 2026 and 2025, $46 million and $34 million of revenue was recognized that was included in contract liabilities as of December 31, 2025 and 2024, respectively.
The following table summarizes the classification of contract assets and contract liabilities as reported in the condensed consolidated balance sheets:
(in millions)March 31,
2026		December 31,
2025
Prepaid expenses and other current assets$70 $71 
Other non-current assets66 76 
Contract assets$136 $147 
Accrued expenses and other current liabilities$152 $141 
Other non-current liabilities30 36 
Contract liabilities$182 $177 
Sales-type Lease, Lease Income
The components of lease revenue for the three months ended March 31, 2026 and 2025 were:
Three Months Ended March 31,
(in millions)20262025
Sales-type lease revenue$3 $8 
Operating lease revenue90 91 
Variable lease revenue7 7 
Total lease revenue$100 $106 
Operating Lease, Lease Income
The components of lease revenue for the three months ended March 31, 2026 and 2025 were:
Three Months Ended March 31,
(in millions)20262025
Sales-type lease revenue$3 $8 
Operating lease revenue90 91 
Variable lease revenue7 7 
Total lease revenue$100 $106