Revenue (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

Significant changes in the balance of contract liabilities for the three months ended March 31, 2022 and 2021 were as follows (in millions):

	Three Months Ended March 31,
	2022		2021
Balance at beginning of period	$	226.2	$	172.0
Advance consideration received	43.0		57.1
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services	(18.6)		(13.0)
Revenue recognized during the period related to grain storage and protein production systems	(14.6)		(27.2)
Foreign currency translation	(3.6)		(2.6)
Balance at March 31	$	232.4	$	186.3

Disaggregation of Revenue

Net sales for the three months ended March 31, 2022 disaggregated by primary geographical markets and major products consisted of the following (in millions):

	North America		South America		Europe/Middle East(1)		Asia/Pacific/Africa		Consolidated(1)
Primary geographical markets:
United States	$	570.3	$	—	$	—	$	—	$	570.3
Canada	101.1		—		—		—		101.1
South America	—		352.9		—		—		352.9
Germany	—		—		317.2		—		317.2
France	—		—		271.6		—		271.6
United Kingdom and Ireland	—		—		145.4		—		145.4
Finland and Scandinavia	—		—		197.0		—		197.0
Other Europe	—		—		438.6		—		438.6
Middle East and Algeria	—		—		33.4		—		33.4
Africa	—		—		—		36.0		36.0
Asia	—		—		—		104.6		104.6
Australia and New Zealand	—		—		—		84.6		84.6
Mexico, Central America and Caribbean	29.6		3.5		—		—		33.1
	$	701.0	$	356.4	$	1,403.1	$	225.2	$	2,685.7
Major products:
Tractors	$	251.9	$	206.6	$	915.1	$	125.4	$	1,499.0
Replacement parts	94.6		38.2		286.1		26.7		445.6
Grain storage and protein production systems	131.1		40.0		31.3		37.5		239.9
Combines, application equipment and other machinery	223.4		71.6		170.6		35.6		501.2
	$	701.0	$	356.4	$	1,403.1	$	225.2	$	2,685.7

(1) Rounding may impact the summation of amounts.

    Net sales for the three months ended March 31, 2021 disaggregated by primary geographical markets and major products consisted of the following (in millions):

	North America		South America		Europe/Middle East		Asia/Pacific/Africa		Consolidated
Primary geographical markets:
United States	$	498.7	$	—	$	—	$	—	$	498.7
Canada	91.6		—		—		—		91.6
South America	—		238.6		—		—		238.6
Germany	—		—		345.5		—		345.5
France	—		—		215.5		—		215.5
United Kingdom and Ireland	—		—		128.4		—		128.4
Finland and Scandinavia	—		—		157.4		—		157.4
Other Europe	—		—		423.5		—		423.5
Middle East and Algeria	—		—		56.9		—		56.9
Africa	—		—		—		25.8		25.8
Asia	—		—		—		102.3		102.3
Australia and New Zealand	—		—		—		71.8		71.8
Mexico, Central America and Caribbean	20.8		1.9		—		—		22.7
	$	611.1	$	240.5	$	1,327.2	$	199.9	$	2,378.7
Major products:
Tractors	$	190.3	$	111.2	$	881.3	$	94.0	$	1,276.8
Replacement parts	85.1		29.0		261.0		23.5		398.6
Grain storage and protein production systems	106.4		21.6		29.1		56.9		214.0
Combines, application equipment and other machinery	229.3		78.7		155.8		25.5		489.3
	$	611.1	$	240.5	$	1,327.2	$	199.9	$	2,378.7