REVENUE (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

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

	Three months ended September 30, 2024
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Products	$	957.0	$	313.9	$	344.7	$	1,615.6
Services & spares	241.6		118.5		97.8		457.9
Total	$	1,198.6	$	432.4	$	442.5	$	2,073.5
Timing of Revenue Recognition:
Products and services transferred at a point in time	$	893.7	$	283.2	$	247.5	$	1,424.4
Products and services transferred over time	304.9		149.2		195.0		649.1
Total	$	1,198.6	$	432.4	$	442.5	$	2,073.5

	Three months ended September 30, 2023
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Products	$	797.0	$	285.5	$	266.8	$	1,349.3
Services & spares	206.2		103.1		84.0		393.3
Total	$	1,003.2	$	388.6	$	350.8	$	1,742.6
Timing of Revenue Recognition:
Products and services transferred at a point in time	$	772.8	$	296.0	$	210.4	$	1,279.2
Products and services transferred over time	230.4		92.6		140.4		463.4
Total	$	1,003.2	$	388.6	$	350.8	$	1,742.6

	Nine months ended September 30, 2024
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Products	$	2,565.2	$	831.0	$	974.1	$	4,370.3
Services & spares	679.5		342.8		272.8		1,295.1
Total	$	3,244.7	$	1,173.8	$	1,246.9	$	5,665.4
Timing of Revenue Recognition:
Products and services transferred at a point in time	$	2,448.0	$	836.6	$	692.4	$	3,977.0
Products and services transferred over time	796.7		337.2		554.5		1,688.4
Total	$	3,244.7	$	1,173.8	$	1,246.9	$	5,665.4

	Nine months ended September 30, 2023
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Products	$	2,222.4	$	780.1	$	827.2	$	3,829.7
Services & spares	602.5		317.3		248.3		1,168.1
Total	$	2,824.9	$	1,097.4	$	1,075.5	$	4,997.8
Timing of Revenue Recognition:
Products and services transferred at a point in time	$	2,164.2	$	830.6	$	716.1	$	3,710.9
Products and services transferred over time	660.7		266.8		359.4		1,286.9
Total	$	2,824.9	$	1,097.4	$	1,075.5	$	4,997.8

Schedule of Contract Assets, Liabilities and Deferred Revenue

The opening and closing balances of current and long-term deferred revenue as of September 30, 2024 and December 31, 2023 were as follows:

	Balances at September 30, 2024		Balances at December 31, 2023
Deferred revenue - current	$	1,016.2	$	638.9
Deferred revenue - noncurrent (1)	80.7		61.8

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