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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2018
Disaggregation of Revenue [Line Items] |
Reconciliation of Disaggregated Revenue | A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows:
|  | Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
General construction |  | $ | 716.0 |  | $ | — |  | $ | — |  | $ | — |  | $ | 716.0
Aerospace |  | — |  | 160.3 |  | — |  | 5.8 |  | 166.1
Heavy equipment |  | 29.8 |  | — |  | — |  | 74.4 |  | 104.2
Transportation |  | — |  | — |  | 36.6 |  | 9.7 |  | 46.3
Medical |  | — |  | 39.1 |  | — |  | — |  | 39.1
General industrial and other |  | 31.0 |  | 40.8 |  | 35.8 |  | 2.1 |  | 109.7
Total revenues |  | $ | 776.8 |  | $ | 240.2 |  | $ | 72.4 |  | $ | 92.0 |  | $ | 1,181.4
|  | Three Months Ended September 30, 2017 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
General construction |  | $ | 640.2 |  | $ | — |  | $ | — |  | $ | — |  | $ | 640.2
Aerospace |  | — |  | 137.8 |  | — |  | 4.4 |  | 142.2
Heavy equipment |  | — |  | — |  | — |  | 63.0 |  | 63.0
Transportation |  | — |  | — |  | 39.1 |  | 10.7 |  | 49.8
Medical |  | — |  | 35.4 |  | — |  | — |  | 35.4
General industrial and other |  | — |  | 37.6 |  | 31.8 |  | 2.4 |  | 71.8
Total revenues |  | $ | 640.2 |  | $ | 210.8 |  | $ | 70.9 |  | $ | 80.5 |  | $ | 1,002.4
|  | Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
General construction |  | $ | 2,030.4 |  | $ | — |  | $ | — |  | $ | — |  | $ | 2,030.4
Aerospace |  | — |  | 465.9 |  | — |  | 15.6 |  | 481.5
Heavy equipment |  | 87.6 |  | — |  | — |  | 232.9 |  | 320.5
Transportation |  | — |  | — |  | 109.7 |  | 31.0 |  | 140.7
Medical |  | — |  | 108.4 |  | — |  | — |  | 108.4
General industrial and other |  | 86.0 |  | 127.9 |  | 99.5 |  | 7.3 |  | 320.7
Total revenues |  | $ | 2,204.0 |  | $ | 702.2 |  | $ | 209.2 |  | $ | 286.8 |  | $ | 3,402.2
|  | Nine Months Ended September 30, 2017 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
General construction |  | $ | 1,717.5 |  | $ | — |  | $ | — |  | $ | — |  | $ | 1,717.5
Aerospace |  | — |  | 395.7 |  | — |  | 13.5 |  | 409.2
Heavy equipment |  | — |  | — |  | — |  | 179.8 |  | 179.8
Transportation |  | — |  | — |  | 110.8 |  | 30.8 |  | 141.6
Medical |  | — |  | 95.8 |  | — |  | — |  | 95.8
General industrial and other |  | — |  | 115.3 |  | 91.6 |  | 9.5 |  | 216.4
Total revenues |  | $ | 1,717.5 |  | $ | 606.8 |  | $ | 202.4 |  | $ | 233.6 |  | $ | 2,760.3
Revenues by Geographic Area A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:
|  | Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
United States |  | $ | 687.2 |  | $ | 171.6 |  | $ | 29.2 |  | $ | 41.1 |  | $ | 929.1
International: |  |  |  |  |  |  |  |  |  |
Europe |  | 52.2 |  | 20.5 |  | 14.2 |  | 24.4 |  | 111.3
Asia |  | 3.8 |  | 24.8 |  | 24.0 |  | 18.9 |  | 71.5
Canada |  | 27.7 |  | 1.4 |  | 1.9 |  | 0.8 |  | 31.8
Mexico and Latin America |  | 1.0 |  | 12.1 |  | 2.3 |  | 3.3 |  | 18.7
Middle East and Africa |  | 3.3 |  | 6.8 |  | 0.4 |  | 0.5 |  | 11.0
Other |  | 1.6 |  | 3.0 |  | 0.4 |  | 3.0 |  | 8.0
Total international |  | 89.6 |  | 68.6 |  | 43.2 |  | 50.9 |  | 252.3
Total revenues |  | $ | 776.8 |  | $ | 240.2 |  | $ | 72.4 |  | $ | 92.0 |  | $ | 1,181.4
|  | Three Months Ended September 30, 2017 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
United States |  | $ | 572.1 |  | $ | 142.4 |  | $ | 27.4 |  | $ | 34.3 |  | $ | 776.2
International: |  |  |  |  |  |  |  |  |  |
Europe |  | 40.1 |  | 24.6 |  | 14.3 |  | 22.7 |  | 101.7
Asia |  | 4.5 |  | 23.6 |  | 22.2 |  | 16.3 |  | 66.6
Canada |  | 20.6 |  | 1.3 |  | 1.4 |  | 0.8 |  | 24.1
Mexico and Latin America |  | 0.3 |  | 11.6 |  | 3.8 |  | 3.5 |  | 19.2
Middle East and Africa |  | 1.9 |  | 5.8 |  | 0.5 |  | 0.3 |  | 8.5
Other |  | 0.7 |  | 1.5 |  | 1.3 |  | 2.6 |  | 6.1
Total international |  | 68.1 |  | 68.4 |  | 43.5 |  | 46.2 |  | 226.2
Total revenues |  | $ | 640.2 |  | $ | 210.8 |  | $ | 70.9 |  | $ | 80.5 |  | $ | 1,002.4
|  | Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
United States |  | $ | 1,949.8 |  | $ | 491.9 |  | $ | 85.5 |  | $ | 121.3 |  | $ | 2,648.5
International: |  |  |  |  |  |  |  |  |  |
Europe |  | 144.0 |  | 65.8 |  | 42.5 |  | 83.6 |  | 335.9
Asia |  | 12.6 |  | 73.3 |  | 68.4 |  | 58.4 |  | 212.7
Canada |  | 75.6 |  | 3.9 |  | 5.2 |  | 2.2 |  | 86.9
Mexico and Latin America |  | 3.3 |  | 36.5 |  | 4.9 |  | 10.8 |  | 55.5
Middle East and Africa |  | 12.2 |  | 21.1 |  | 1.8 |  | 1.0 |  | 36.1
Other |  | 6.5 |  | 9.7 |  | 0.9 |  | 9.5 |  | 26.6
Total international |  | 254.2 |  | 210.3 |  | 123.7 |  | 165.5 |  | 753.7
Total revenues |  | $ | 2,204.0 |  | $ | 702.2 |  | $ | 209.2 |  | $ | 286.8 |  | $ | 3,402.2
|  | Nine Months Ended September 30, 2017 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
United States |  | $ | 1,531.4 |  | $ | 397.1 |  | $ | 81.6 |  | $ | 97.7 |  | $ | 2,107.8
International: |  |  |  |  |  |  |  |  |  |
Europe |  | 119.6 |  | 73.0 |  | 41.0 |  | 68.4 |  | 302.0
Asia |  | 8.9 |  | 74.1 |  | 62.5 |  | 45.6 |  | 191.1
Canada |  | 45.4 |  | 3.6 |  | 5.0 |  | 3.1 |  | 57.1
Mexico and Latin America |  | 1.2 |  | 35.2 |  | 7.4 |  | 9.4 |  | 53.2
Middle East and Africa |  | 8.8 |  | 19.1 |  | 1.5 |  | 2.1 |  | 31.5
Other |  | 2.2 |  | 4.7 |  | 3.4 |  | 7.3 |  | 17.6
Total international |  | 186.1 |  | 209.7 |  | 120.8 |  | 135.9 |  | 652.5
Total revenues |  | $ | 1,717.5 |  | $ | 606.8 |  | $ | 202.4 |  | $ | 233.6 |  | $ | 2,760.3
Summary of the Timing of Revenue Recognition | A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of September 30, 2018, follows:
(in millions) |  | Remainder of 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Thereafter
Extended service warranties |  | $ | 5.2 |  | $ | 20.1 |  | $ | 19.2 |  | $ | 18.1 |  | $ | 17.0 |  | $ | 15.8 |  | $ | 122.7
Change in Contract Liabilities | A summary of the change in contract liabilities for the nine months ended September 30, follows:
(in millions) |  | 2018 |  | 2017
Balance as of January 1 |  | $ | 215.8 |  | $ | 195.2
Revenue recognized |  | (53.7) |  | (53.6)
Revenue deferred |  | 64.9 |  | 69.6
Acquired liabilities |  | 0.3 |  | 0.5
Balance as of September 30 |  | $ | 227.3 |  | $ | 211.7
Schedule of Change in Contract Assets | A summary of the change in contract assets for the nine months ended September 30, follows:
(in millions) |  | 2018 |  |
Balance as of January 1 |  | $ | — |  |
Adoption of ASC 606 |  | 22.8 |  |
Revenue recognized and unbilled |  | 118.6 |  |
Revenue billed |  | (92.3) |  |
Balance as of September 30 |  | $ | 49.1 |  |
Products Transferred at a Point in Time or Over Time |
Disaggregation of Revenue [Line Items] |
Reconciliation of Disaggregated Revenue | A summary of the timing of revenue recognition and reconciliation of disaggregated revenue by reportable segment follows:
|  | Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
Products transferred at a point in time |  | $ | 771.4 |  | $ | 232.5 |  | $ | 72.4 |  | $ | 92.0 |  | $ | 1,168.3
Products and services transferred over time |  | 5.4 |  | 7.7 |  | — |  | — |  | 13.1
Total revenues |  | $ | 776.8 |  | $ | 240.2 |  | $ | 72.4 |  | $ | 92.0 |  | $ | 1,181.4
|  | Three Months Ended September 30, 2017 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
Products transferred at a point in time |  | $ | 635.2 |  | $ | 209.9 |  | $ | 70.9 |  | $ | 80.5 |  | $ | 996.5
Products and services transferred over time |  | 5.0 |  | 0.9 |  | — |  | — |  | 5.9
Total revenues |  | $ | 640.2 |  | $ | 210.8 |  | $ | 70.9 |  | $ | 80.5 |  | $ | 1,002.4
|  | Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
Products transferred at a point in time |  | $ | 2,188.1 |  | $ | 666.0 |  | $ | 209.2 |  | $ | 286.8 |  | $ | 3,350.1
Products and services transferred over time |  | 15.9 |  | 36.2 |  | — |  | — |  | 52.1
Total revenues |  | $ | 2,204.0 |  | $ | 702.2 |  | $ | 209.2 |  | $ | 286.8 |  | $ | 3,402.2
|  | Nine Months Ended September 30, 2017 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
Products transferred at a point in time |  | $ | 1,702.5 |  | $ | 602.9 |  | $ | 202.4 |  | $ | 233.6 |  | $ | 2,741.4
Products and services transferred over time |  | 15.0 |  | 3.9 |  | — |  | — |  | 18.9
Total revenues |  | $ | 1,717.5 |  | $ | 606.8 |  | $ | 202.4 |  | $ | 233.6 |  | $ | 2,760.3

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