XML 70 R11.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Revenue Recognition
3 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Unfulfilled Performance Obligations
As of December 31, 2019, we expect to recognize approximately $480 million of revenue in future periods from unfulfilled performance obligations from existing contracts with customers. We expect to recognize revenue of approximately $330 million from our remaining performance obligations over the next 12 months with the remaining balance recognized thereafter.
We have applied the practical expedient to exclude the value of remaining performance obligations for (i) contracts with an original term of one year or less and (ii) contracts for which we recognize revenue in proportion to the amount we have the right to invoice for services performed. The amounts above also do not include the impact of contract renewal options that are unexercised as of December 31, 2019.
Disaggregation of Revenue
The following series of tables present our revenue disaggregation by geographic region and types of products or services, and also present these disaggregation categories for our two operating segments. We attribute sales to the geographic regions based on the country of destination.
The following reflects the disaggregation of our revenues by operating segment and by geographic region (in millions):
 
Three Months Ended December 31, 2019
 
Architecture & Software
 
Control Products & Solutions
 
Total
North America
$
440.2

 
$
566.7

 
$
1,006.9

Europe, Middle East and Africa (EMEA)
148.1

 
162.0

 
310.1

Asia Pacific
112.2

 
117.4

 
229.6

Latin America
51.1

 
86.8

 
137.9

Total Company Sales
$
751.6

 
$
932.9

 
$
1,684.5

 
Three Months Ended December 31, 2018
 
Architecture & Software
 
Control Products & Solutions
 
Total
North America
$
442.8

 
$
556.0

 
$
998.8

Europe, Middle East and Africa (EMEA)
155.5

 
138.9

 
294.4

Asia Pacific
101.3

 
113.1

 
214.4

Latin America
53.5

 
81.2

 
134.7

Total Company Sales
$
753.1

 
$
889.2

 
$
1,642.3



The following reflects the disaggregation of our revenues by operating segment and by major types of products or services (in millions):
 
Three Months Ended December 31, 2019
 
Architecture & Software
 
Control Products & Solutions
 
Total
Products
$
751.6

 
$
388.6

 
$
1,140.2

Solutions & Services

 
544.3

 
544.3

Total Company Sales
$
751.6

 
$
932.9

 
$
1,684.5

 
Three Months Ended December 31, 2018
 
Architecture & Software
 
Control Products & Solutions
 
Total
Products
$
753.1

 
$
372.9

 
$
1,126.0

Solutions & Services

 
516.3

 
516.3

Total Company Sales
$
753.1

 
$
889.2

 
$
1,642.3


Contract Balances
Contract liabilities primarily relate to consideration received in advance of performance under the contract. We do not have significant contract assets as of December 31, 2019.

Below is a summary of our contract liabilities balance:
 
December 31, 2019
 
December 31,
2018
Balance as of beginning of fiscal year
$
275.6

 
$
268.6

Balance as of end of period
319.2

 
293.0


The most significant changes in our contract liabilities balance during the three months ended December 31, 2019, were due to amounts billed, partially offset by revenue recognized that was included in the contract liabilities balance at the beginning of the period.

In the three months ended December 31, 2019, we recognized revenue of approximately $113 million that was included in the opening contract liabilities balance. We did not have a material amount of revenue recognized in the three months ended December 31, 2019, from performance obligations satisfied or partially satisfied in previous periods.