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Revenue (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]    
Disaggregation of Revenue
The following table disaggregates our revenue by product and service offering and timing of transfer of control:

Three months ended June 30, 2020
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Critical infrastructure & solutions$250.6  $202.2  $99.4  $552.2  
Services & spares161.1  88.1  66.5  315.7  
Integrated rack solutions73.0  32.5  32.3  137.8  
Total$484.7  $322.8  $198.2  $1,005.7  
Timing of revenue recognition:
Products and services transferred at a point in time$332.4  $256.8  $153.4  $742.6  
Products and services transferred over time152.3  66.0  44.8  263.1  
Total$484.7  $322.8  $198.2  $1,005.7  

Three months ended June 30, 2019
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering: (1)
Critical infrastructure & solutions$317.4  $194.7  $124.3  $636.4  
Services & spares170.9  91.5  74.3  336.7  
Integrated rack solutions86.8  37.1  37.1  161.0  
Total$575.1  $323.3  $235.7  $1,134.1  
Timing of revenue recognition:
Products and services transferred at a point in time$417.3  $254.7  $190.3  $862.3  
Products and services transferred over time157.8  68.6  45.4  271.8  
Total$575.1  $323.3  $235.7  $1,134.1  

(1)Comparative results for Critical infrastructure & solutions, Services & spares and Integrated rack solutions for the three months ended June 30,2019 have been adjusted by $(36.2), $10.8, and $25.4, respectively, to reflect the strategic realignment described above.
Six months ended June 30, 2020
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Critical infrastructure & solutions$490.4  $318.5  $204.8  $1,013.7  
Services & spares322.7  167.3  131.9  621.9  
Integrated rack solutions138.3  60.9  68.2  267.4  
Total$951.4  $546.7  $404.9  $1,903.0  
Timing of revenue recognition:
Products and services transferred at a point in time$645.6  $417.7  $319.2  $1,382.5  
Products and services transferred over time305.8  129.0  85.7  520.5  
Total$951.4  $546.7  $404.9  $1,903.0  


Six months ended June 30, 2019
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering: (2)
Critical infrastructure & solutions$650.8  $336.1  $258.5  $1,245.4  
Services & spares324.9  174.5  143.5  642.9  
Integrated rack solutions154.0  71.7  74.9  300.6  
Total$1,129.7  $582.3  $476.9  $2,188.9  
Timing of revenue recognition:
Products and services transferred at a point in time$833.4  $451.4  $389.8  $1,674.6  
Products and services transferred over time296.3  130.9  87.1  514.3  
Total$1,129.7  $582.3  $476.9  $2,188.9  

(2)Comparative results for Critical infrastructure & solutions, Services & spares and Integrated rack solutions for the six months ended June 30,2019 have been adjusted by $(65.8), $10.7, and $55.1, respectively, to reflect the strategic realignment described above.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2019

 

    

 

 

    

 

 

    

Europe, Middle East, 

    

 

 

 

 

Americas

Asia Pacific

& Africa

 

Total

Sales by Product and Service Offering:

 

 

  

 

 

  

 

 

  

 

 

  

Critical infrastructure & solutions

 

$

1,355.4

 

$

763.2

 

$

514.0

 

$

2,632.6

Services & software solutions

 

 

679.4

 

 

336.0

 

 

283.5

 

 

1,298.9

I.T. & Edge infrastructure

 

 

194.3

 

 

178.8

 

 

126.6

 

 

499.7

Total

 

$

2,229.1

 

$

1,278.0

 

$

924.1

 

$

4,431.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

  

 

 

  

 

 

  

 

 

  

Products and services transferred at a point in time

 

$

1,592.4

 

$

1,007.1

 

$

748.9

 

$

3,348.4

Products and services transferred over time

 

 

636.7

 

 

270.9

 

 

175.2

 

 

1,082.8

Total

 

$

2,229.1

 

$

1,278.0

 

$

924.1

 

$

4,431.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2018

 

    

 

    

 

    

Europe, Middle East, 

    

 

 

 

Americas

Asia Pacific

& Africa

 

Total

Sales by Product and Service Offering:

 

 

  

 

 

  

 

 

  

 

 

  

Critical infrastructure & solutions

 

$

1,246.4

 

$

723.9

 

$

481.5

 

$

2,451.8

Services & software solutions

 

 

669.8

 

 

339.1

 

 

267.2

 

 

1,276.1

I.T. & Edge infrastructure

 

 

229.5

 

 

181.2

 

 

147.0

 

 

557.7

Total

 

$

2,145.7

 

$

1,244.2

 

$

895.7

 

$

4,285.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

  

 

 

  

 

 

  

 

 

  

Products and services transferred at a point in time

 

$

1,530.6

 

$

973.5

 

$

701.8

 

$

3,205.9

Products and services transferred over time

 

 

615.1

 

 

270.7

 

 

193.9

 

 

1,079.7

Total

 

$

2,145.7

 

$

1,244.2

 

$

895.7

 

$

4,285.6

 

Schedule of Contract Assets, Liabilities and Deferred Revenue
The opening and closing balances of our current and long-term contract assets and current and long-term deferred revenue are as follows:
Balances at June 30, 2020Balances at December 31, 2019
Deferred revenue - current (3)
$190.2  $160.9  
Deferred revenue - noncurrent (4)
37.9  41.3  
Other contract liabilities - current (3)
36.0  39.8  

(3)Current deferred revenue and contract liabilities are included within accrued expenses and other liabilities.
(4)Noncurrent deferred revenue is recorded within other long-term liabilities.

 

 

 

 

 

 

 

 

    

Balances at 

    

Balances at 

 

 

December 31, 2019

 

December 31, 2018

Deferred revenue - current (1)

 

$

160.9

 

$

170.5

Deferred revenue - noncurrent (2)

 

 

41.3

 

 

36.5

Other contract liabilities - current (1)

 

 

39.8

 

 

29.8

(1)

Current deferred revenue and contract liabilities are included within accrued expenses.

(2)

Noncurrent deferred revenue is recorded within other long-term liabilities.