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REVENUE (Tables)
3 Months Ended
Mar. 31, 2025
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 March 31, 2025
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Products$958.3 $333.8 $319.0 $1,611.1 
Services & spares227.0 113.4 84.5 424.9 
Total$1,185.3 $447.2 $403.5 $2,036.0 
Timing of Revenue Recognition:
Products and services transferred at a point in time$973.7 $336.1 $295.2 $1,605.0 
Products and services transferred over time211.6 111.1 108.3 431.0 
Total$1,185.3 $447.2 $403.5 $2,036.0 

Three months ended March 31, 2024
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Products$716.1 $224.0 $297.3 $1,237.4 
Services & spares208.9 108.3 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 $225.4 $206.1 $1,113.5 
Products and services transferred over time243.0 106.9 175.7 525.6 
Total$925.0 $332.3 $381.8 $1,639.1 
Schedule of Contract Assets, Liabilities and Deferred Revenue
The opening and closing balances of current and long-term deferred revenue as of March 31, 2025 and December 31, 2024 were as follows:
Balances at
March 31, 2025
Balances at December 31, 2024
Deferred revenue - current
$1,095.1 $1,063.3 
Deferred revenue - noncurrent (1)
96.1 91.3 
(1)    Noncurrent deferred revenue is recorded within “Other long-term liabilities” on the Unaudited Condensed Consolidated Balance Sheets.