Revenue from Contracts with Customers

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]


14.	REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Net Sales

Net sales recognized from contracts with customers, disaggregated by segment and geographical location, are presented in the following table for the three months ended March 31, 2019 and 2018. Net sales are attributed to regions based on the location of production. Intersegment sales have been excluded from the table.

In the first quarter of 2019, we reorganized our business to disaggregate our former Powertrain business unit, with a portion moving to our Driveline business unit and a portion moving to our Metal Forming business unit. As a result, the Powertrain amounts previously reported for the three months ended March 31, 2018 have been reclassified to Driveline and Metal Forming.



	Three Months Ended March 31, 2019
	Driveline		Metal Forming		Casting		Total
North America	$	853.1	$	305.4	$	197.3	$	1,355.8
Asia	153.3		7.5		—		160.8
Europe	101.6		72.7		—		174.3
South America	25.8		2.5		—		28.3
Total	$	1,133.8	$	388.1	$	197.3	$	1,719.2

	Three Months Ended March 31, 2018
	Driveline		Metal Forming		Casting		Total
North America	$	961.2	$	339.6	$	209.8	$	1,510.6
Asia	143.0		12.3		—		155.3
Europe	76.8		81.5		—		158.3
South America	33.3		0.9		—		34.2
Total	$	1,214.3	$	434.3	$	209.8	$	1,858.4

Contract Assets and Liabilities

The following table summarizes our beginning and ending balances for accounts receivable and contract liabilities associated with our contracts with customers:




	Accounts Receivable, Net		Contract Liabilities (Current)			Contract Liabilities (Long-term)
December 31, 2018	$	966.5	$	44.3		$	77.6
March 31, 2019	1,202.1		39.0			76.7
Increase/(decrease)	$	235.6	$	(5.3	)	$	(0.9	)

Contract liabilities relate to deferred revenue associated with various settlements and commercial agreements for which we have a future performance obligation to the customer. We recognize this deferred revenue into revenue over the life of the associated program as we satisfy our performance obligations to the customer. We do not have contract assets as defined in ASC 606.

During the three months ended March 31, 2019, we amortized $12.9 million of previously recorded contract liabilities into revenue as we satisfied performance obligations with our customers.