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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2021
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, 2021, follows:
(in millions)
Remainder of 202120222023202420252026Thereafter
Extended service warranties$6.1 $23.3 $22.1 $21.0 $20.1 $19.1 $158.1 
Change in Contract Liabilities A summary of the change in contract liabilities for the nine months ended September 30, follows:
(in millions)
20212020
Balance as of January 1$268.3 $247.4 
Revenue recognized(48.7)(47.4)
Revenue deferred59.9 63.5 
Acquired liabilities2.6 — 
Balance as of September 30$282.1 $263.5 
Schedule of Change in Contract Assets A summary of the change in contract assets for the nine months ended September 30, follows:
(in millions)
20212020
Balance as of January 1$84.5 $100.5 
Balance as of September 3073.5 97.4 
Change in contract assets$(11.0)$(3.1)
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, 2021
(in millions)CCMCITCFTTotal
General construction$1,001.1 $— $— $1,001.1 
Aerospace— 78.0 — 78.0 
Heavy equipment29.8 — — 29.8 
Medical— 66.6 — 66.6 
Transportation— — 37.9 37.9 
General industrial and other34.9 34.1 33.2 102.2 
Total revenues$1,065.8 $178.7 $71.1 $1,315.6 
Three Months Ended September 30, 2020
(in millions)CCMCITCFTTotal
General construction
$784.8 $— $— $784.8 
Aerospace
— 65.3 — 65.3 
Heavy equipment
16.4 — — 16.4 
Medical— 59.2 — 59.2 
Transportation
— — 33.3 33.3 
General industrial and other
22.3 44.0 31.7 98.0 
Total revenues
$823.5 $168.5 $65.0 $1,057.0 

Nine Months Ended September 30, 2021
(in millions)CCMCITCFTTotal
General construction$2,557.1 $— $— $2,557.1 
Aerospace— 217.9 — 217.9 
Heavy equipment73.0 — — 73.0 
Medical— 180.9 — 180.9 
Transportation— — 107.6 107.6 
General industrial and other92.3 104.6 100.9 297.8 
Total revenues$2,722.4 $503.4 $208.5 $3,434.3 
Nine Months Ended September 30, 2020
(in millions)CCMCITCFTTotal
General construction
$2,119.8 $— $— $2,119.8 
Aerospace
— 282.8 — 282.8 
Heavy equipment
51.9 — — 51.9 
Medical — 170.2 — 170.2 
Transportation
— — 91.8 91.8 
General industrial and other
63.1 124.0 78.0 265.1 
Total revenues
$2,234.8 $577.0 $169.8 $2,981.6 
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, 2021
(in millions)CCMCITCFTTotal
United States$955.3 $134.7 $31.2 $1,121.2 
International:
Europe64.2 15.8 14.3 94.3 
Asia2.6 17.6 22.2 42.4 
North America (excluding U.S.)38.2 3.5 2.8 44.5 
Middle East and Africa3.9 2.4 0.4 6.7 
Other1.6 4.7 0.2 6.5 
Total international110.5 44.0 39.9 194.4 
Total revenues$1,065.8 $178.7 $71.1 $1,315.6 
Three Months Ended September 30, 2020
(in millions)CCMCITCFTTotal
United States$734.5 $118.2 $27.3 $880.0 
International:
Europe56.2 15.0 15.8 87.0 
Asia4.1 18.2 18.2 40.5 
North America (excluding U.S.)24.5 8.0 3.0 35.5 
Middle East and Africa3.0 3.0 0.6 6.6 
Other1.2 6.1 0.1 7.4 
Total international89.0 50.3 37.7 177.0 
Total revenues$823.5 $168.5 $65.0 $1,057.0 
Nine Months Ended September 30, 2021
(in millions)CCMCITCFTTotal
United States$2,413.1 $373.0 $93.2 $2,879.3 
International:
Europe188.9 46.5 40.4 275.8 
Asia12.7 57.1 63.5 133.3 
North America (excluding U.S.)93.0 10.5 8.1 111.6 
Middle East and Africa11.5 7.4 1.2 20.1 
Other3.2 8.9 2.1 14.2 
Total international309.3 130.4 115.3 555.0 
Total revenues$2,722.4 $503.4 $208.5 $3,434.3 
Nine Months Ended September 30, 2020
(in millions)CCMCITCFTTotal
United States$1,988.6 $408.9 $76.3 $2,473.8 
International:
Europe158.6 55.0 32.6 246.2 
Asia12.2 55.2 52.5 119.9 
North America (excluding U.S.)62.3 26.5 6.6 95.4 
Middle East and Africa9.3 10.3 1.3 20.9 
Other3.8 21.1 0.5 25.4 
Total international246.2 168.1 93.5 507.8 
Total revenues$2,234.8 $577.0 $169.8 $2,981.6