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Disaggregation of Revenue (Tables)
 9 Months Ended
Sep. 30, 2023
Disaggregation of Revenue [Line Items]  
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)
DrivelineMetal FormingTotal
North America$783.5 $338.5 $1,122.0 
Asia135.7 11.1 146.8 
Europe116.3 116.8 233.1 
South America25.7 24.3 50.0 
Total$1,061.2 $490.7 $1,551.9 
Three Months Ended September 30, 2022
DrivelineMetal FormingTotal
North America$800.9 $348.6 $1,149.5 
Asia124.4 13.0 137.4 
Europe92.2 106.6 198.8 
South America25.7 23.8 49.5 
Total$1,043.2 $492.0 $1,535.2 
Nine Months Ended September 30, 2023
DrivelineMetal FormingTotal
North America$2,393.6 $999.6 $3,393.2 
Asia360.0 28.3 388.3 
Europe327.5 358.9 686.4 
South America80.3 68.3 148.6 
Total$3,161.4 $1,455.1 $4,616.5 
Nine Months Ended September 30, 2022
DrivelineMetal FormingTotal
North America$2,418.4 $986.3 $3,404.7 
Asia334.5 31.9 366.4 
Europe298.6 243.7 542.3 
South America61.8 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, NetContract Liabilities (Current)Contract Liabilities (Long-term)
December 31, 2022$820.2 $28.1 $73.4 
September 30, 2023885.2 15.5 67.1 
Increase/(decrease)$65.0 $(12.6)$(6.3)