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Contract Assets and Contract Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2020
Revenue from Contract with Customer [Abstract] |
Schedule of Change in Carrying Amount of Contract Assets and Contract Liabilities | The change in the carrying amount of contract assets and contract liabilities for the nine months ended September 30, 2020 and 2019 is as follows:
| Contract Assets
In millions | 2020 |  | 2019
Balance at beginning of year | $ | 623.4 |  |  | $ | 345.6 |
Acquisitions | 4.1 |  |  | 217.4 |
Recognized in current year | 759.2 |  |  | 445.1 |
Reclassified to accounts receivable | (868.7) |  |  | (415.7) |
Foreign currency impact | (0.7) |  |  | (12.7) |
Balance at September 30, | $ | 517.3 |  |  | $ | 579.7 |
| Contract Liabilities
In millions | 2020 |  | 2019
Balance at beginning of year | $ | 799.7 |  |  | $ | 444.8 |
Acquisitions | 6.9 |  |  | 314.7 |
Recognized in current year | 589.1 |  |  | 781.3 |
Amounts in beginning balance reclassified to revenue | (430.0) |  |  | (412.9) |
Current year amounts reclassified to revenue | (152.6) |  |  | (270.3) |
Foreign currency impact | (3.3) |  |  | (12.3) |
Balance at September 30, | $ | 809.8 |  |  | $ | 845.3 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
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