REVENUE (Tables)

3 Months Ended

Mar. 31, 2024

The following table disaggregates revenue by business segment, product and service offering and timing of transfer of control:


	Three months ended March 31, 2024
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Products	$	716.1	$	224.0	$	297.3	$	1,237.4
Services & spares	208.9		108.3		84.5		401.7
Total	$	925.0	$	332.3	$	381.8	$	1,639.1

Timing of revenue recognition:
Products and services transferred at a point in time	$	682.0	$	240.6	$	206.1	$	1,128.7
Products and services transferred over time	243.0		91.7		175.7		510.4
Total	$	925.0	$	332.3	$	381.8	$	1,639.1


	Three months ended March 31, 2023
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Products	$	673.9	$	208.9	$	267.7	$	1,150.5
Services & spares	188.4		104.1		78.1		370.6
Total	$	862.3	$	313.0	$	345.8	$	1,521.1

Timing of revenue recognition:
Products and services transferred at a point in time	$	652.1	$	230.0	$	256.3	$	1,138.4
Products and services transferred over time	210.2		83.0		89.5		382.7
Total	$	862.3	$	313.0	$	345.8	$	1,521.1

The opening and closing balances of current and long-term deferred revenue as of March 31, 2024 and December 31, 2023 were as follows:


	Balances at March 31, 2024		Balances at December 31, 2023
Deferred revenue - current	$	735.0	$	638.9
Deferred revenue - noncurrent (1)	67.3		61.8

(1) Noncurrent deferred revenue is recorded within “Other long-term liabilities” on the Unaudited Condensed Consolidated Balance Sheets.