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Contract Assets and Contract Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2021
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, 2021 and 2020 is as follows:
| Contract Assets
In millions | 2021 |  | 2020
Balance at beginning of year | $ | 544.2 |  |  | $ | 623.4 |
Acquisitions | — |  |  | 4.1 |
Recognized in current year | 441.6 |  |  | 759.2 |
Reclassified to accounts receivable | (423.5) |  |  | (868.7) |
Foreign currency impact | (6.2) |  |  | (0.7) |
Balance at September 30 | $ | 556.1 |  |  | $ | 517.3 |
| Contract Liabilities
In millions | 2021 |  | 2020
Balance at beginning of year | $ | 831.2 |  |  | $ | 799.7 |
Acquisitions | 1.7 |  |  | 6.9 |
Recognized in current year | 477.0 |  |  | 589.1 |
Amounts in beginning balance reclassified to revenue | (387.2) |  |  | (430.0) |
Current year amounts reclassified to revenue | (154.3) |  |  | (152.6) |
Foreign currency impact | (8.6) |  |  | (3.3) |
Balance at September 30 | $ | 759.8 |  |  | $ | 809.8 |

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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=123351226&loc=SL49130551-203045 + Details
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