REVENUE (Tables)

12 Months Ended

Dec. 31, 2024

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


	Year Ended December 31, 2024
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Products	$	3,579.1	$	1,248.5	$	1,417.6	$	6,245.2
Services & spares	921.5		469.3		375.8		1,766.6
Total	$	4,500.6	$	1,717.8	$	1,793.4	$	8,011.8

Timing of revenue recognition:
Products and services transferred at a point in time	$	3,474.6	$	1,252.1	$	1,021.6	$	5,748.3
Products and services transferred over time	1,026.0		465.7		771.8		2,263.5
Total	$	4,500.6	$	1,717.8	$	1,793.4	$	8,011.8


	Year Ended December 31, 2023
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Products	$	3,021.2	$	1,098.1	$	1,151.9	$	5,271.2
Services & spares	823.3		429.7		339.0		1,592.0
Total	$	3,844.5	$	1,527.8	$	1,490.9	$	6,863.2

Timing of revenue recognition:
Products and services transferred at a point in time	$	2,932.3	$	1,163.9	$	942.4	$	5,038.6
Products and services transferred over time	912.2		363.9		548.5		1,824.6
Total	$	3,844.5	$	1,527.8	$	1,490.9	$	6,863.2


	Year Ended December 31, 2022
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Products	$	1,974.0	$	1,159.6	$	1,077.3	$	4,210.9
Services & spares	754.6		441.7		284.3		1,480.6
Total	$	2,728.6	$	1,601.3	$	1,361.6	$	5,691.5

Timing of revenue recognition:
Products and services transferred at a point in time	$	1,925.0	$	1,242.6	$	985.7	$	4,153.3
Products and services transferred over time	803.6		358.7		375.9		1,538.2
Total	$	2,728.6	$	1,601.3	$	1,361.6	$	5,691.5

The opening and closing balances of current and long-term deferred revenue are as follows:


	Balances at December 31, 2024		Balances at December 31, 2023

Deferred revenue - current	$	1,063.3	$	638.9
Deferred revenue - noncurrent (1)	91.3		61.8

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