Revenue Recognition

12 Months Ended

Dec. 31, 2022

Revenue Recognition [Abstract]

Revenue Recognition

Revenue Recognition

The following tables disaggregate the Company’s revenue by major product type and geography (in millions):

	For the Year Ended December 31, 2022
	Off Road		On Road		Marine		Corporate		Total
Revenue by product type
Wholegoods	$	4,999.9	$	956.5	$	989.4	$	—	$	6,945.8
PG&A	1,436.3		206.9		—		—		1,643.2
Total revenue	$	6,436.2	$	1,163.4	$	989.4	$	—	$	8,589.0
Revenue by geography
United States	$	5,233.3	$	614.2	$	961.7	$	—	$	6,809.2
Canada	536.0		43.5		27.2		—		606.7
EMEA	421.4		423.2		0.1		—		844.7
APLA	245.5		82.5		0.4		—		328.4
Total revenue	$	6,436.2	$	1,163.4	$	989.4	$	—	$	8,589.0

	For the Year Ended December 31, 2021
	Off Road		On Road		Marine		Corporate		Total
Revenue by product type
Wholegoods	$	4,251.7	$	847.6	$	760.2	$	59.8	$	5,919.3
PG&A	1,322.9		184.2		—		12.8		1,519.9
Total revenue	$	5,574.6	$	1,031.8	$	760.2	$	72.6	$	7,439.2
Revenue by geography
United States	$	4,422.5	$	514.3	$	737.4	$	68.1	$	5,742.3
Canada	517.6		33.1		22.6		0.4		573.7
EMEA	402.3		400.2		0.2		0.5		803.2
APLA	232.2		84.2		—		3.6		320.0
Total revenue	$	5,574.6	$	1,031.8	$	760.2	$	72.6	$	7,439.2

	For the Year Ended December 31, 2020
	Off Road		On Road		Marine		Corporate		Total
Revenue by product type
Wholegoods	$	3,731.4	$	669.0	$	603.4	$	49.5	$	5,053.3
PG&A	1,078.6		137.7		—		11.8		1,228.1
Total revenue	$	4,810.0	$	806.7	$	603.4	$	61.3	$	6,281.4
Revenue by geography
United States	$	3,995.2	$	427.1	$	592.4	$	58.8	$	5,073.5
Canada	332.4		23.6		11.0		0.2		367.2
EMEA	324.5		289.2		—		1.1		614.8
APLA	157.9		66.8		—		1.2		225.9
Total revenue	$	4,810.0	$	806.7	$	603.4	$	61.3	$	6,281.4

Contract Liabilities

Contract liabilities relate to deferred revenue recognized for cash consideration received at contract inception in advance of the Company's performance under the respective contract and generally relate to the sale of separately priced ESCs. The Company finances its self-insured risks related to ESCs. The premiums for ESCs are primarily recognized in income in proportion to the costs expected to be incurred over the contract period. Warranty costs are recognized as incurred.

The Company expects to recognize approximately $35.5 million of the unearned amount over the next 12 months and $75.6 million thereafter. The activity in the deferred revenue reserve during the periods presented was as follows (in millions):

	For the Years Ended December 31,
	2022		2021		2020
Balance at beginning of year	$	108.3	$	89.1	$	63.1
New contracts sold	49.1		55.0		49.0
Revenue recognized on existing contracts	(46.3)		(35.8)		(23.0)
Balance at end of year	$	111.1	$	108.3	$	89.1

The unamortized ESC premiums recorded in other current liabilities totaled $35.5 million and $34.7 million as of December 31, 2022 and 2021, respectively, while the amount recorded in other long-term liabilities totaled $75.6 million and $73.6 million as of December 31, 2022 and 2021, respectively.