Revenue Recognition (Notes)

3 Months Ended

Mar. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue Recognition

The following tables present 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
	March 30, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	378.7	$	179.5	$	123.5	$	333.7	$	1,015.4
Europe	87.0		27.4		61.7		40.0		216.1
Asia-Pacific	43.8		25.4		16.0		5.5		90.7
Canada	16.0		15.2		4.2		37.5		72.9
Rest-of-World	52.7		14.9		5.5		9.0		82.1
Segment Eliminations	(82.4)		(1.7)		(28.1)		—		(112.2)
Total	$	495.8	$	260.7	$	182.8	$	425.7	$	1,365.0
	Three Months Ended
	April 1, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	495.8	$	202.9	$	182.3	$	440.0	$	1,321.0
Europe	115.5		27.0		65.4		51.1		259.0
Asia-Pacific	58.5		27.9		18.6		7.3		112.3
Canada	28.4		18.8		5.2		65.9		118.3
Rest-of-World	53.4		12.0		5.8		10.9		82.1
Segment Eliminations	(113.7)		(2.0)		(33.1)		(0.3)		(149.1)
Total	$	637.9	$	286.6	$	244.2	$	574.9	$	1,743.6

	Three Months Ended
	March 30, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	450.5	$	—	$	—	$	—	$	450.5
Controls, Rigging, and Propellers	90.4		—		—		—		90.4
Sterndrive Engines	37.3		—		—		—		37.3
Distribution	—		152.4		—		—		152.4
Products	—		110.0		—		—		110.0
Navico Group	—		—		210.9		—		210.9
Aluminum Freshwater Boats	—		—		—		150.2		150.2
Recreational Fiberglass Boats	—		—		—		135.3		135.3
Saltwater Fishing Boats	—		—		—		107.2		107.2
Business Acceleration	—		—		—		49.2		49.2
Boat Eliminations/Other	—		—		—		(16.2)		(16.2)
Segment Eliminations	(82.4)		(1.7)		(28.1)		—		(112.2)
Total	$	495.8	$	260.7	$	182.8	$	425.7	$	1,365.0
	Three Months Ended
	April 1, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	593.2	$	—	$	—	$	—	$	593.2
Controls, Rigging, and Propellers	106.0		—		—		—		106.0
Sterndrive Engines	52.4		—		—		—		52.4
Distribution	—		175.3		—		—		175.3
Products	—		113.3		—		—		113.3
Navico Group	—		—		277.3		—		277.3
Aluminum Freshwater Boats	—		—		—		230.4		230.4
Recreational Fiberglass Boats	—		—		—		198.4		198.4
Saltwater Fishing Boats	—		—		—		113.1		113.1
Business Acceleration	—		—		—		39.8		39.8
Boat Eliminations/Other	—		—		—		(6.5)		(6.5)
Segment Eliminations	(113.7)		(2.0)		(33.1)		(0.3)		(149.1)
Total	$	637.9	$	286.6	$	244.2	$	574.9	$	1,743.6

As of December 31, 2023, $187.1 million of contract liabilities associated with extended warranties, deferred revenue and customer deposits were reported in Accrued expenses and Other long-term liabilities, of which $20.5 million were recognized as revenue during the three months ended March 30, 2024. As of March 30, 2024, total contract liabilities were $198.4 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of March 30, 2024 was $189.8 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $48.6 million of this amount in 2024, $52.0 million in 2025, and $89.2 million thereafter.