Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2018

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue

A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:

	2018
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	2,552.6	$	634.0	$	116.9	$	157.8	$	3,461.3
International:
Europe	186.2		89.7		58.6		109.0		443.5
Asia	16.4		114.0		100.1		76.0		306.5
Canada	97.9		4.8		6.5		2.9		112.1
Mexico	4.1		48.2		5.4		14.3		72.0
Middle East and Africa	15.2		27.7		2.5		1.4		46.8
Other	7.9		15.4		1.6		12.4		37.3
Total international	327.7		299.8		174.7		216.0		1,018.2
Total revenues	$	2,880.3	$	933.8	$	291.6	$	373.8	$	4,479.5

	2017
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	2,080.5	$	537.8	$	110.1	$	132.0	$	2,860.4
International:
Europe	156.5		96.3		55.5		94.2		402.5
Asia	13.2		98.1		93.0		62.7		267.0
Canada	67.7		5.1		6.9		3.6		83.3
Mexico	2.1		46.6		9.5		12.9		71.1
Middle East and Africa	12.0		24.4		2.0		2.4		40.8
Other	4.2		7.0		4.4		10.1		25.7
Total international	255.7		277.5		171.3		185.9		890.4
Total revenues	$	2,336.2	$	815.3	$	281.4	$	317.9	$	3,750.8

	2016
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	1,837.7	$	541.7	$	104.6	$	120.0	$	2,604.0
International:
Europe	134.9		119.0		51.6		72.9		378.4
Asia	10.8		89.3		88.4		48.8		237.3
Canada	56.0		7.7		6.5		3.9		74.1
Mexico	3.6		46.3		10.8		11.6		72.3
Middle East and Africa	6.7		26.0		3.4		4.6		40.7
Other	2.9		4.6		4.1		6.8		18.4
Total international	214.9		292.9		164.8		148.6		821.2
Total revenues	$	2,052.6	$	834.6	$	269.4	$	268.6	$	3,425.2

A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows:

	2018
(in millions)	CCM		CIT		CFT		CBF		Total
General construction	$	2,661.4	$	—	$	—	$	—	$	2,661.4
Aerospace	—		620.3		—		21.5		641.8
Heavy equipment	112.1		—		—		300.7		412.8
Transportation	—		—		154.9		41.1		196.0
Medical	—		146.4		—		—		146.4
General industrial and other	106.8		167.1		136.7		10.5		421.1
Total revenues	$	2,880.3	$	933.8	$	291.6	$	373.8	$	4,479.5

Remaining Performance Obligations

Remaining performance obligations for extended service warranties represent the transaction price for the remaining stand-ready obligation to perform warranty services. A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of December 31, 2018 follows:

(in millions)	2019		2020		2021		2022		2023		Thereafter
Extended service warranties	$	20.6	$	19.7	$	18.6	$	17.5	$	16.3	$	130.3

Contract Balances

Contract liabilities relate to payments received in advance of performance under a contract, primarily related to extended service warranties in the CCM segment and systems contracts in the CFT segment. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. A summary of the change in contract liabilities follows:

(in millions)	2018			2017
Balance as of January 1	$	215.8		$	195.2
Revenue recognized	(79.5		)	(79.9		)
Revenue deferred	90.5			99.8
Acquired liabilities	0.6			0.7
Balance as of December 31	$	227.4		$	215.8

Contract assets relate to the Company's right to payment for performance completed to date under a contract, primarily related to highly customized product contracts within the CIT segment. Accounts receivable are recorded when the right to payment becomes unconditional. A summary of the change in contract assets follows:

(in millions)	2018
Balance as of January 1	$	—
Adoption of ASC 606	22.8
Revenue recognized and unbilled	163.3
Revenue billed	(141.4		)
Balance as of December 31	$	44.7

Products Transferred at a Point in Time or Over Time

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue

A summary of the timing of revenue recognition and reconciliation of disaggregated revenue by reportable segment follows:

	2018
(in millions)	CCM		CIT		CFT		CBF		Total
Products transferred at a point in time	$	2,859.0	$	900.5	$	291.6	$	373.8	$	4,424.9
Products and services transferred over time	21.3		33.3		—		—		54.6
Total revenues	$	2,880.3	$	933.8	$	291.6	$	373.8	$	4,479.5