Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2018

Revenue Recognition and Deferred Revenue [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of the new revenue standard was as follows (in millions):

BALANCE SHEET	Balance at December 31, 2017		Adjustments Due to ASC 606			Balance at January 1, 2018
ASSETS
Accounts and notes receivable, net	$	506.5	$	8.3		$	514.8
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	348.6		9.3			357.9
Retained earnings	1,575.9		(1.0		)	1,574.9

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our Consolidated Balance Sheet and Consolidated Statement of Operations was as follows (in millions):

	September 30, 2018
	As Reported		Balances Without Adoption of ASC 606		Effect of Change Higher/(Lower)
BALANCE SHEET
ASSETS
Accounts and notes receivable, net	$	580.9	$	572.4	$	8.5
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	371.6		361.4		10.2
Retained earnings	1,805.0		1,806.7		(1.7		)
	For the Three Months Ended September 30, 2018
	As Reported		Activity Without Adoption of ASC 606		Effect of Change Higher/(Lower)
STATEMENT OF OPERATIONS
Net sales	$	1,030.2	$	1,030.2	$	—
Net income	108.0		108.1		(0.1		)

	For the Nine Months Ended September 30, 2018
	As Reported		Activity Without Adoption of ASC 606		Effect of Change Higher/(Lower)
STATEMENT OF OPERATIONS
Net sales	$	3,040.4	$	3,040.6	$	(0.2	)
Net income	283.4		283.5		(0.1		)

Revenue from External Customers by Geographic Areas [Table Text Block]

The following table disaggregates our revenue by business segment by geography which provides information as to the major source of revenue. See Note 16 for additional description of our reportable business segments and the products and services being sold in each segment.

	For the Three Months Ended September 30,2018
Primary Geographic Markets	Residential Heating & Cooling		Commercial Heating & Cooling		Refrigeration		Consolidated
Americas	$	594.7	$	236.9	$	132.0	$	963.6
Europe	—		38.9		27.7		66.6
Total	$	594.7	275.8		159.7		1,030.2

	For the Nine Months Ended September 30, 2018
Primary Geographic Markets	Residential Heating & Cooling		Commercial Heating & Cooling		Refrigeration		Consolidated
Americas	$	1,764.4	$	668.1	$	369.4	$	2,801.9
Europe	—		105.4		83.4		188.8
Asia Pacific	—		—		49.7		49.7
Total	$	1,764.4	773.5		502.5		3,040.4

Contract with Customer, Asset and Liability [Table Text Block]

Net contract assets (liabilities) consisted of the following:

	September 30, 2018			December 31, 2017			$ Change			% Change
Contract assets	$	3.5		$	2.1		$	1.4		66.7	%
Contract liabilities - current	(6.2		)	(7.3		)	1.1			(15.1	)%
Contract liabilities - noncurrent	(6.0		)	(5.5		)	(0.5		)	9.1	%
Total	$	(8.7	)	$	(10.7	)	$	2.0