XML 40 R24.htm IDEA: XBRL DOCUMENT v3.23.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2023
Revenue Recognition [Abstract]  
Disaggregation of Revenue
The following tables disaggregate the Company's revenue by major product type and geography (in millions):
Three months ended March 31, 2023
Off RoadOn RoadMarineTotal
Revenue by product type
Wholegoods$1,250.4

$267.2$264.4

$1,782.0
PG&A341.4

56.3397.7
Total revenue $1,591.8

$323.5$264.4

$2,179.7

Revenue by geography

United States$1,279.8$157.6$257.2$1,694.6
Canada128.412.46.8147.6
EMEA117.7134.9252.6
APLA65.918.60.484.9
Total revenue $1,591.8$323.5$264.4$2,179.7
Three months ended March 31, 2022
Off RoadOn RoadMarineTotal
Revenue by product type
Wholegoods$1,000.5$180.5$211.5$1,392.5
PG&A341.647.4389.0
Total revenue $1,342.1$227.9$211.5$1,781.5
Revenue by geography
United States$1,033.4$104.2$207.1$1,344.7
Canada136.35.94.4146.6
EMEA122.799.6222.3
APLA49.718.267.9
Total revenue $1,342.1$227.9$211.5$1,781.5
Deferred Revenue, by Arrangement, Disclosure
The activity in the deferred revenue reserve during the periods presented was as follows (in millions):
Three months ended March 31,
20232022
Balance at beginning of period$111.1 $108.3 
New contracts sold13.7 15.5 
Revenue recognized on existing contracts(13.3)(8.9)
Balance at end of period$111.5 $114.9 
The Company expects to recognize approximately $35.6 million of the unearned amount over the next 12 months, which is recorded in other current liabilities as of March 31, 2023, compared to $36.8 million as of March 31, 2022. The amount recorded in other long-term liabilities totaled $75.9 million and $78.1 million as of March 31, 2023 and 2022, respectively.