Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2023

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


	Three months ended September 30, 2023
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	1,385.4	$	221.6	$	134.2	$	1,741.2
PG&A	459.0		48.7		—		507.7
Total revenue	$	1,844.4	$	270.3	$	134.2	$	2,248.9

Revenue by geography
United States	$	1,566.1	$	147.3	$	132.1	$	1,845.5
Canada	128.9		9.2		1.9		140.0
EMEA	81.6		96.5		0.1		178.2
APLA	67.8		17.3		0.1		85.2
Total revenue	$	1,844.4	$	270.3	$	134.2	$	2,248.9

	Three months ended September 30, 2022
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	1,345.7	$	282.1	$	260.2	$	1,888.0
PG&A	400.7		51.9		—		452.6
Total revenue	$	1,746.4	$	334.0	$	260.2	$	2,340.6

Revenue by geography
United States	$	1,472.2	$	191.7	$	251.2	$	1,915.1
Canada	127.2		17.4		9.0		153.6
EMEA	86.5		101.9		—		188.4
APLA	60.5		23.0		—		83.5
Total revenue	$	1,746.4	$	334.0	$	260.2	$	2,340.6


	Nine months ended September 30, 2023
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	3,905.8	$	789.7	$	622.2	$	5,317.7
PG&A	1,161.8		165.7		—		1,327.5
Total revenue	$	5,067.6	$	955.4	$	622.2	$	6,645.2

Revenue by geography
United States	$	4,189.1	$	491.8	$	605.0	$	5,285.9
Canada	372.3		37.5		15.3		425.1
EMEA	287.8		368.4		0.7		656.9
APLA	218.4		57.7		1.2		277.3
Total revenue	$	5,067.6	$	955.4	$	622.2	$	6,645.2

	Nine months ended September 30, 2022
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	3,527.6	$	693.0	$	744.7	$	4,965.3
PG&A	1,051.3		168.3		—		1,219.6
Total revenue	$	4,578.9	$	861.3	$	744.7	$	6,184.9

Revenue by geography
United States	$	3,689.0	$	449.2	$	723.1	$	4,861.3
Canada	388.8		36.6		21.5		446.9
EMEA	317.3		313.8		0.1		631.2
APLA	183.8		61.7		—		245.5
Total revenue	$	4,578.9	$	861.3	$	744.7	$	6,184.9

Deferred Revenue, by Arrangement, Disclosure

The activity in the deferred revenue reserve during the periods presented was as follows (in millions):


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Balance at beginning of period	$	108.7	$	113.6	$	111.1	$	108.3
New contracts sold	9.9		10.7		35.2		38.5
Revenue recognized on existing contracts	(11.4)		(12.3)		(39.1)		(34.8)
Balance at end of period	$	107.2	$	112.0	$	107.2	$	112.0

The Company expects to recognize approximately $34.3 million of the unearned amount over the next 12 months, which is recorded in other current liabilities as of September 30, 2023, compared to $35.8 million as of September 30, 2022. The amount recorded in other long-term liabilities totaled $72.9 million and $76.2 million as of September 30, 2023 and 2022, respectively.