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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Summary of the Timing of Revenue Recognition A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of September 30, 2020, follows:
(in millions)
Remainder of 202020212022202320242025Thereafter
Extended service warranties$5.8 $22.3 $21.2 $20.0 $18.9 $18.0 $147.6 
Change in Contract Liabilities A summary of the change in contract liabilities for the nine months ended September 30, follows:
(in millions)
20202019
Balance as of January 1
$247.4 $227.4 
Revenue recognized(47.4)(48.6)
Revenue deferred63.5 61.5 
Acquired liabilities— 1.1 
Balance as of September 30$263.5 $241.4 
Schedule of Change in Contract Assets A summary of the change in contract assets for the nine months ended September 30, follows:
(in millions)
20202019
Balance as of January 1$100.5 $44.7 
Balance as of September 3097.4 63.3 
Change in contract assets$(3.1)$18.6 
Reconciliation of Disaggregated Revenue
A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows:

Three Months Ended September 30, 2020
(in millions)
CCM
CIT
CFT
CBF
Total
General construction
$784.8 $— $— $— $784.8 
Aerospace— 65.3 — 3.6 68.9 
Heavy equipment
16.4 — — 55.5 71.9 
Transportation
— — 33.3 8.5 41.8 
Medical
— 59.2 — — 59.2 
General industrial and other
22.3 44.0 31.7 2.1 100.1 
Total revenues$823.5 $168.5 $65.0 $69.7 $1,126.7 
Three Months Ended September 30, 2019
(in millions)
CCM
CIT
CFT
CBF
Total
General construction
$840.5 $— $— $— $840.5 
Aerospace
— 157.8 — 5.8 163.6 
Heavy equipment
25.6 — — 59.3 84.9 
Transportation
— — 39.6 8.4 48.0 
Medical
— 41.6 — — 41.6 
General industrial and other
27.4 42.5 28.9 3.2 102.0 
Total revenues
$893.5 $241.9 $68.5 $76.7 $1,280.6 

Nine Months Ended September 30, 2020
(in millions)
CCM
CIT
CFT
CBF
Total
General construction
$2,119.8 $— $— $— $2,119.8 
Aerospace— 282.8 — 12.4 295.2 
Heavy equipment
51.9 — — 158.1 210.0 
Transportation
— — 91.8 21.9 113.7 
Medical
— 170.2 — — 170.2 
General industrial and other
63.1 124.0 78.0 7.1 272.2 
Total revenues$2,234.8 $577.0 $169.8 $199.5 $3,181.1 
Nine Months Ended September 30, 2019
(in millions)
CCM
CIT
CFT
CBF
Total
General construction
$2,322.6 $— $— $— $2,322.6 
Aerospace
— 496.2 — 16.1 512.3 
Heavy equipment
81.0 — — 204.0 285.0 
Transportation
— — 108.3 26.0 134.3 
Medical
— 110.2 — — 110.2 
General industrial and other
76.0 127.3 90.6 9.0 302.9 
Total revenues
$2,479.6 $733.7 $198.9 $255.1 $3,667.3 
Revenues by Geographic Area
A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:
Three Months Ended September 30, 2020
(in millions)
CCM
CIT
CFT
CBF
Total
United States
$734.5 $118.2 $27.3 $25.7 $905.7 
International:
Europe56.2 15.0 15.8 20.8 107.8 
Asia4.1 18.2 18.2 16.8 57.3 
Canada23.5 0.8 1.5 1.0 26.8 
Mexico and Latin America1.0 7.2 1.5 2.2 11.9 
Middle East and Africa3.0 3.0 0.6 0.2 6.8 
Other1.2 6.1 0.1 3.0 10.4 
Total international89.0 50.3 37.7 44.0 221.0 
Total revenues$823.5 $168.5 $65.0 $69.7 $1,126.7 
Three Months Ended September 30, 2019
(in millions)
CCM
CIT
CFT
CBF
Total
United States$798.4 $172.7 $31.2 $30.9 $1,033.2 
International:
Europe53.3 17.1 11.9 21.2 103.5 
Asia5.8 25.6 22.1 17.3 70.8 
Canada28.1 1.7 2.2 1.0 33.0 
Mexico and Latin America0.5 13.1 0.5 2.6 16.7 
Middle East and Africa5.0 4.5 0.5 0.5 10.5 
Other2.4 7.2 0.1 3.2 12.9 
Total international95.1 69.2 37.3 45.8 247.4 
Total revenues$893.5 $241.9 $68.5 $76.7 $1,280.6 
Nine Months Ended September 30, 2020
(in millions)
CCM
CIT
CFT
CBF
Total
United States$1,988.6 $408.9 $76.3 $78.6 $2,552.4 
International:
Europe158.6 55.0 32.6 57.1 303.3 
Asia12.2 55.2 52.5 46.5 166.4 
Canada59.3 2.7 3.7 2.7 68.4 
Mexico3.0 23.8 2.9 6.0 35.7 
Middle East and Africa9.3 10.3 1.3 0.6 21.5 
Other3.8 21.1 0.5 8.0 33.4 
Total international246.2 168.1 93.5 120.9 628.7 
Total revenues$2,234.8 $577.0 $169.8 $199.5 $3,181.1 
Nine Months Ended September 30, 2019
(in millions)
CCM
CIT
CFT
CBF
Total
United States$2,214.2 $526.2 $90.9 $97.5 $2,928.8 
International:
Europe160.6 53.4 37.4 78.7 330.1 
Asia15.5 83.2 62.4 56.0 217.1 
Canada70.6 4.1 4.8 2.8 82.3 
Mexico1.7 38.8 1.2 8.6 50.3 
Middle East and Africa10.4 18.0 1.5 1.1 31.0 
Other6.6 10.0 0.7 10.4 27.7 
Total international265.4 207.5 108.0 157.6 738.5 
Total revenues$2,479.6 $733.7 $198.9 $255.1 $3,667.3