Revenue (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of revenue disaggregated by Group, end customer geographical location and timing of recognition

The following table present the Company’s revenues by Segment (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Revenue by Segment:
BSI BioSpin	$	217.5		$	162.0		$	400.3		$	342.3
BSI CALID		265.6			227.2			493.5			463.9
BSI Nano		252.5			225.1			492.9			434.7
BEST		69.1			72.7			142.2			134.9
Eliminations (a)		(4.0	)		(5.1	)		(6.5	)		(8.6	)
Total revenue	$	800.7		$	681.9		$	1,522.4		$	1,367.2

(a)Represents product and service revenue between reportable segments.

Revenue for the Company recognized at a point in time versus over time is as follows (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Revenue recognized at a point in time	$	686.5	$	586.7	$	1,295.0	$	1,185.4
Revenue recognized over time		114.2		95.2		227.4		181.8
Total revenue	$	800.7	$	681.9	$	1,522.4	$	1,367.2

The following table presents the Company’s revenue by End Customer Geography (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Revenue by End Customer Geography:
United States	$	243.7	$	179.3	$	438.5	$	354.4
Germany		83.5		61.5		150.3		124.1
Rest of Europe		192.3		161.2		370.4		321.0
China		120.4		116.5		236.1		224.1
Rest of Asia Pacific		106.2		106.8		213.2		239.4
Other		54.6		56.6		113.9		104.2
Total revenue	$	800.7	$	681.9	$	1,522.4	$	1,367.2