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REVENUE (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2025
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Products$1,320.8 $424.0 $374.1 $2,118.9 
Services & spares281.5 136.2 101.5 519.2 
Total$1,602.3 $560.2 $475.6 $2,638.1 
Timing of Revenue Recognition:
Products and services transferred at a point in time$1,356.4 $425.2 $346.2 $2,127.8 
Products and services transferred over time245.9 135.0 129.4 510.3 
Total$1,602.3 $560.2 $475.6 $2,638.1 

Three months ended June 30, 2024
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Products$892.1 $293.1 $332.1 $1,517.3 
Services & spares229.0 116.0 90.5 435.5 
Total$1,121.1 $409.1 $422.6 $1,952.8 
Timing of Revenue Recognition:
Products and services transferred at a point in time$872.3 $287.8 $238.8 $1,398.9 
Products and services transferred over time248.8 121.3 183.8 553.9 
Total$1,121.1 $409.1 $422.6 $1,952.8 
Six months ended June 30, 2025
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Products$2,279.1 $757.8 $693.1 $3,730.0 
Services & spares508.5 249.6 186.0 944.1 
Total$2,787.6 $1,007.4 $879.1 $4,674.1 
Timing of Revenue Recognition:
Products and services transferred at a point in time$2,330.1 $761.3 $641.4 $3,732.8 
Products and services transferred over time457.5 246.1 237.7 941.3 
Total$2,787.6 $1,007.4 $879.1 $4,674.1 
Six months ended June 30, 2024
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Products$1,608.2 $517.1 $629.4 $2,754.7 
Services & spares437.9 224.3 175.0 837.2 
Total$2,046.1 $741.4 $804.4 $3,591.9 
Timing of Revenue Recognition:
Products and services transferred at a point in time$1,554.3 $513.2 $444.9 $2,512.4 
Products and services transferred over time491.8 228.2 359.5 1,079.5 
Total$2,046.1 $741.4 $804.4 $3,591.9 
Schedule of Contract Assets, Liabilities and Deferred Revenue
The opening and closing balances of current and long-term deferred revenue as of June 30, 2025 and December 31, 2024 were as follows:
Balances at
June 30, 2025
Balances at December 31, 2024
Deferred revenue - current
$1,257.3 $1,063.3 
Deferred revenue - noncurrent(1)
106.4 91.3 
(1)    Noncurrent deferred revenue is recorded within “Other long-term liabilities” on the Unaudited Condensed Consolidated Balance Sheets.