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Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table presents our customer revenues disaggregated by revenue source:
 
Three Months Ended September 30, 2019
(Amounts in thousands)
FPD
 
FCD
 
Total
Original Equipment
$
256,664

 
$
252,282

 
$
508,946

Aftermarket
426,134

 
61,464

 
487,598

 
$
682,798

 
$
313,746

 
$
996,544

 
 
 
 
 
 
 
Three Months Ended September 30, 2018
 
FPD
 
FCD
 
Total
Original Equipment
$
255,869

 
$
239,864

 
$
495,733

Aftermarket
391,429

 
65,554

 
456,983

 
$
647,298

 
$
305,418

 
$
952,716



 
Nine Months Ended September 30, 2019
(Amounts in thousands)
FPD
 
FCD
 
Total
Original Equipment
$
706,092

 
$
715,306

 
$
1,421,398

Aftermarket
1,259,431

 
195,850

 
1,455,281

 
$
1,965,523

 
$
911,156

 
$
2,876,679

 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
FPD
 
FCD
 
Total
Original Equipment
$
756,296

 
$
689,331

 
$
1,445,627

Aftermarket
1,202,510

 
197,661

 
1,400,171

 
$
1,958,806

 
$
886,992

 
$
2,845,798


Our customer sales are diversified geographically. The following table presents our revenues disaggregated by geography, based on the shipping addresses of our customers:
:
 
Three Months Ended September 30, 2019
(Amounts in thousands)
FPD
 
FCD
 
Total
North America(1)
$
279,583

 
$
133,881

 
$
413,464

Latin America(1)
51,338

 
7,682

 
59,020

Middle East and Africa
87,982

 
23,721

 
111,703

Asia Pacific
129,047

 
86,787

 
215,834

Europe
134,848

 
61,675

 
196,523

 
$
682,798

 
$
313,746

 
$
996,544

 
 
 
 
 
 
 
Three Months Ended September 30, 2018
 
FPD
 
FCD
 
Total
North America(1)
$
251,503

 
$
140,898

 
$
392,401

Latin America(1)
76,167

 
4,461

 
80,628

Middle East and Africa
70,666

 
33,908

 
104,574

Asia Pacific
119,258

 
65,858

 
185,116

Europe
129,704

 
60,293

 
189,997

 
$
647,298

 
$
305,418

 
$
952,716

 
Nine Months Ended September 30, 2019
(Amounts in thousands)
FPD
 
FCD
 
Total
North America (1)
$
797,092

 
$
403,747

 
$
1,200,839

Latin America(1)
134,716

 
23,574

 
158,290

Middle East and Africa
249,694

 
69,484

 
319,178

Asia Pacific
367,204

 
227,200

 
594,404

Europe
416,817

 
187,151

 
603,968

 
$
1,965,523

 
$
911,156

 
$
2,876,679

 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
FPD
 
FCD
 
Total
North America (1)
$
774,602

 
$
398,872

 
$
1,173,474

Latin America(1)
161,344

 
15,454

 
176,798

Middle East and Africa
240,497

 
99,954

 
340,451

Asia Pacific
385,955

 
198,437

 
584,392

Europe
396,408

 
174,275

 
570,683

 
$
1,958,806

 
$
886,992

 
$
2,845,798

_____________________________________
(1) North America represents United States and Canada; Latin America includes Mexico.
Contract liabilities
The following table presents beginning and ending balances of contract assets and contract liabilities, current and long-term, for the nine months ended September 30, 2019:
(Amounts in thousands)
Contract Assets, net (Current)
 
Long-term Contract Assets, net(1)
 
Contract Liabilities (Current)
 
Long-term Contract Liabilities(2)
Beginning balance, January 1, 2019
$
228,579

 
10,967

 
$
202,458

 
$
1,370

Revenue recognized that was included in contract liabilities at the beginning of the period
—

 
—

 
(129,621
)
 
—

Revenue recognized in the period in excess of billings
584,784

 
—

 
—

 
—

Billings arising during the period in excess of revenue recognized
—

 
—

 
148,552

 
—

Amounts transferred from contract assets to receivables
(544,533
)
 
(3,414
)
 
—

 
—

Currency effects and other, net
(10,531
)
 
539

 
(1,709
)
 
248

Ending balance, September 30, 2019
$
258,299

 
$
8,092

 
$
219,680

 
$
1,618

_____________________________________
(1) Included in other assets, net.
(2) Included in retirement obligations and other liabilities.