Revenue Recognition (Notes)

9 Months Ended

Oct. 02, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue Recognition

The following table presents the Company's revenue in categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors:

	Three Months Ended
	October 2, 2021								September 26, 2020
(in millions)	Propulsion		Parts & Accessories		Boat		Total		Propulsion		Parts & Accessories		Boat		Total
Geographic Markets
United States	$	433.9	$	351.8	$	306.9	$	1,092.6	$	355.2	$	336.7	$	264.3	$	956.2
Europe	78.1		57.9		33.7		169.7		56.0		51.2		25.5		132.7
Asia-Pacific	51.8		35.5		6.6		93.9		67.9		31.4		7.4		106.7
Canada	26.2		35.3		49.0		110.5		19.7		30.2		22.9		72.8
Rest-of-World	36.9		13.5		5.3		55.7		27.7		10.4		8.0		46.1
Segment Eliminations	(86.8)		(8.4)		—		(95.2)		(73.4)		(8.0)		—		(81.4)
Total	$	540.1	$	485.6	$	401.5	$	1,427.2	$	453.1	$	451.9	$	328.1	$	1,233.1
	Nine Months Ended
	October 2, 2021								September 26, 2020
(in millions)	Propulsion		Parts & Accessories		Boat		Total		Propulsion		Parts & Accessories		Boat		Total
Geographic Markets
United States	$	1,259.6	$	1,055.8	$	933.6	$	3,249.0	$	871.0	$	841.4	$	663.0	$	2,375.4
Europe	306.8		191.3		127.8		625.9		195.4		135.9		95.9		427.2
Asia-Pacific	184.1		117.9		20.6		322.6		183.7		80.7		16.2		280.6
Canada	75.5		94.9		164.2		334.6		47.2		63.4		78.4		189.0
Rest-of-World	108.2		42.6		23.9		174.7		73.2		26.6		16.0		115.8
Segment Eliminations	(267.3)		(24.3)		—		(291.6)		(182.3)		(19.3)		—		(201.6)
Total	$	1,666.9	$	1,478.2	$	1,270.1	$	4,415.2	$	1,188.2	$	1,128.7	$	869.5	$	3,186.4

	Three Months Ended
	October 2, 2021								September 26, 2020
(in millions)	Propulsion		Parts & Accessories		Boat		Total		Propulsion		Parts & Accessories		Boat		Total
Major Product Lines
Outboard Engines	$	486.3	$	—	$	—	$	486.3	$	410.3	$	—	$	—	$	410.3
Controls, Rigging, and Propellers	87.8		—		—		87.8		76.9		—		—		76.9
Sterndrive Engines	52.8		—		—		52.8		39.3		—		—		39.3
Distribution Parts and Accessories	—		215.7		—		215.7		—		205.0		—		205.0
Advanced Systems Group	—		128.8		—		128.8		—		113.1		—		113.1
Engine Parts and Accessories	—		149.5		—		149.5		—		141.8		—		141.8
Aluminum Freshwater Boats	—		—		167.5		167.5		—		—		124.5		124.5
Recreational Fiberglass Boats	—		—		135.9		135.9		—		—		111.0		111.0
Saltwater Fishing Boats	—		—		86.4		86.4		—		—		82.6		82.6
Business Acceleration	—		—		15.6		15.6		—		—		11.2		11.2
Boat Eliminations/Other	—		—		(3.9)		(3.9)		—		—		(1.2)		(1.2)
Segment Eliminations	(86.8)		(8.4)		—		(95.2)		(73.4)		(8.0)		—		(81.4)
Total	$	540.1	$	485.6	$	401.5	$	1,427.2	$	453.1	$	451.9	$	328.1	$	1,233.1
	Nine Months Ended
	October 2, 2021								September 26, 2020
(in millions)	Propulsion		Parts & Accessories		Boat		Total		Propulsion		Parts & Accessories		Boat		Total
Major Product Lines
Outboard Engines	$	1,485.0	$	—	$	—	$	1,485.0	$	1,078.4	$	—	$	—	$	1,078.4
Controls, Rigging, and Propellers	278.8		—		—		278.8		187.6		—		—		187.6
Sterndrive Engines	170.4		—		—		170.4		104.5		—		—		104.5
Distribution Parts and Accessories	—		671.5		—		671.5		—		517.0		—		517.0
Advanced Systems Group	—		401.9		—		401.9		—		303.0		—		303.0
Engine Parts and Accessories	—		429.1		—		429.1		—		328.0		—		328.0
Aluminum Freshwater Boats	—		—		535.4		535.4		—		—		339.2		339.2
Recreational Fiberglass Boats	—		—		425.5		425.5		—		—		302.4		302.4
Saltwater Fishing Boats	—		—		276.2		276.2		—		—		201.4		201.4
Business Acceleration	—		—		43.6		43.6		—		—		29.5		29.5
Boat Eliminations/Other	—		—		(10.6)		(10.6)		—		—		(3.0)		(3.0)
Segment Eliminations	(267.3)		(24.3)		—		(291.6)		(182.3)		(19.3)		—		(201.6)
Total	$	1,666.9	$	1,478.2	$	1,270.1	$	4,415.2	$	1,188.2	$	1,128.7	$	869.5	$	3,186.4

As of December 31, 2020, $113.0 million of contract liabilities associated with extended warranties and customer deposits were reported in Accrued expenses and Other Long-term liabilities, of which $6.9 million and $28.0 million were recognized as revenue during the three and nine months ended October 2, 2021, respectively. As of October 2, 2021, total contract liabilities were $138.8 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of October 2, 2021 was $130.6 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $12.9 million of this amount in the fourth quarter of 2021, $33.8 million in 2022, and $83.9 million thereafter.