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Revenue from Contracts with Customers (Notes) | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer [Text Block] | 13. REVENUE FROM CONTRACTS WITH CUSTOMERS Net sales recognized from contracts with customers, disaggregated by segment and geographical location, are presented in the following table for the three and nine months ended September 30, 2023 and 2022. 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 2023, we moved a plant location that was previously reported under our Driveline segment to our Metal Forming segment in order to better align our product and process technologies. The amounts in the table below for the three and nine months ended September 30, 2022 have been recast to reflect this reorganization.
|  | Three Months Ended September 30, 2023
|  | (in millions)
|  | Driveline |  | Metal Forming |  |  |  | Total
North America |  | $ | 783.5 |  |  | $ | 338.5 |  |  |  |  | $ | 1,122.0 |
Asia |  | 135.7 |  |  | 11.1 |  |  |  |  | 146.8 |
Europe |  | 116.3 |  |  | 116.8 |  |  |  |  | 233.1 |
South America |  | 25.7 |  |  | 24.3 |  |  |  |  | 50.0 |
Total |  | $ | 1,061.2 |  |  | $ | 490.7 |  |  |  |  | $ | 1,551.9 |
|  | Three Months Ended September 30, 2022
|  | Driveline |  | Metal Forming |  |  |  | Total
North America |  | $ | 800.9 |  |  | $ | 348.6 |  |  |  |  | $ | 1,149.5 |
Asia |  | 124.4 |  |  | 13.0 |  |  |  |  | 137.4 |
Europe |  | 92.2 |  |  | 106.6 |  |  |  |  | 198.8 |
South America |  | 25.7 |  |  | 23.8 |  |  |  |  | 49.5 |
Total |  | $ | 1,043.2 |  |  | $ | 492.0 |  |  |  |  | $ | 1,535.2 |
|  | Nine Months Ended September 30, 2023
|  | Driveline |  | Metal Forming |  |  |  | Total
North America |  | $ | 2,393.6 |  |  | $ | 999.6 |  |  |  |  | $ | 3,393.2 |
Asia |  | 360.0 |  |  | 28.3 |  |  |  |  | 388.3 |
Europe |  | 327.5 |  |  | 358.9 |  |  |  |  | 686.4 |
South America |  | 80.3 |  |  | 68.3 |  |  |  |  | 148.6 |
Total |  | $ | 3,161.4 |  |  | $ | 1,455.1 |  |  |  |  | $ | 4,616.5 |
|  | Nine Months Ended September 30, 2022
|  | Driveline |  | Metal Forming |  |  |  | Total
North America |  | $ | 2,418.4 |  |  | $ | 986.3 |  |  |  |  | $ | 3,404.7 |
Asia |  | 334.5 |  |  | 31.9 |  |  |  |  | 366.4 |
Europe |  | 298.6 |  |  | 243.7 |  |  |  |  | 542.3 |
South America |  | 61.8 |  |  | 34.5 |  |  |  |  | 96.3 |
Total |  | $ | 3,113.3 |  |  | $ | 1,296.4 |  |  |  |  | $ | 4,409.7 |
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 (in millions):
| Accounts Receivable, Net | Contract Liabilities (Current) | Contract Liabilities (Long-term)
December 31, 2022 | $ | 820.2 |  | $ | 28.1 |  | $ | 73.4 |
September 30, 2023 | 885.2 |  | 15.5 |  | 67.1 |
Increase/(decrease) | $ | 65.0 |  | $ | (12.6) |  | $ | (6.3) |
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. We amortized previously recorded contract liabilities into revenue as we satisfied performance obligations with our customers of approximately $25.8 million and $23.3 million for the nine months ended September 30, 2023 and 2022, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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