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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2019
Revenue from Contract with Customer [Abstract] |
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 March 31, 2019, follows:
(in millions) |  | Remainder of 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Thereafter
Extended service warranties |  | $ | 15.8 |  | $ | 20.1 |  | $ | 19.1 |  | $ | 17.9 |  | $ | 16.7 |  | $ | 15.6 |  | $ | 120.1
Change in Contract Liabilities | A summary of the change in contract liabilities for the three months ended March 31, follows:
(in millions) |  | 2019 |  | 2018
Balance as of January 1 |  | $ | 227.4 |  | $ | 215.8
Revenue recognized |  | (12.8) |  | (14.9)
Revenue deferred |  | 15.6 |  | 18.2
Acquired liabilities |  | — |  | 0.1
Balance as of Balance as of March 31 |  | $ | 230.2 |  | $ | 219.2
Schedule of Change in Contract Assets | A summary of the change in contract assets for the three months ended March 31, follows:
(in millions) |  | 2019 |  | 2018 |  |
Balance as of January 1 |  | $ | 44.7 |  | $ | — |  |
Adoption of ASC 606 |  | — |  | 22.8 |  |
Revenue recognized and unbilled |  | 58.1 |  | 33.8 |  |
Revenue billed |  | (44.7) |  | (22.8) |  |
Balance as of March 31 |  | $ | 58.1 |  | $ | 33.8 |  |
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 March 31, 2019 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
General construction |  | $ | 621.6 |  | $ | — |  | $ | — |  | $ | — |  | $ | 621.6
Aerospace |  | — |  | 173.8 |  | — |  | 4.6 |  | 178.4
Heavy equipment |  | 27.2 |  | — |  | — |  | 75.2 |  | 102.4
Transportation |  | — |  | — |  | 32.3 |  | 9.2 |  | 41.5
Medical |  | — |  | 31.0 |  | — |  | — |  | 31.0
General industrial and other |  | 22.3 |  | 41.6 |  | 30.8 |  | 2.3 |  | 97.0
Total revenues |  | $ | 671.1 |  | $ | 246.4 |  | $ | 63.1 |  | $ | 91.3 |  | $ | 1,071.9
|  | Three Months Ended March 31, 2018 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
General construction |  | $ | 546.3 |  | $ | — |  | $ | — |  | $ | — |  | $ | 546.3
Aerospace |  | — |  | 154.8 |  | — |  | 6.3 |  | 161.1
Heavy equipment |  | 26.2 |  | — |  | — |  | 79.2 |  | 105.4
Transportation |  | — |  | — |  | 33.2 |  | 9.8 |  | 43.0
Medical |  | — |  | 34.7 |  | — |  | — |  | 34.7
General industrial and other |  | 26.1 |  | 34.8 |  | 30.3 |  | 3.0 |  | 94.2
Total revenues |  | $ | 598.6 |  | $ | 224.3 |  | $ | 63.5 |  | $ | 98.3 |  | $ | 984.7
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 March 31, 2019 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
United States |  | $ | 591.2 |  | $ | 182.1 |  | $ | 28.0 |  | $ | 32.5 |  | $ | 833.8
International: |  |  |  |  |  |  |  |  |  |
Europe |  | 52.1 |  | 18.4 |  | 13.1 |  | 30.5 |  | 114.1
Asia |  | 4.1 |  | 23.8 |  | 19.0 |  | 20.4 |  | 67.3
Canada |  | 17.5 |  | 1.1 |  | 1.6 |  | 0.5 |  | 20.7
Mexico |  | 0.4 |  | 12.4 |  | 0.5 |  | 3.3 |  | 16.6
Middle East and Africa |  | 3.4 |  | 7.3 |  | 0.6 |  | 0.4 |  | 11.7
Other |  | 2.4 |  | 1.3 |  | 0.3 |  | 3.7 |  | 7.7
Total international |  | 79.9 |  | 64.3 |  | 35.1 |  | 58.8 |  | 238.1
Total revenues |  | $ | 671.1 |  | $ | 246.4 |  | $ | 63.1 |  | $ | 91.3 |  | $ | 1,071.9
|  | Three Months Ended March 31, 2018 |  |  |  |  |  |  |  |
(in millions) |  | CCM |  | CIT |  | CFT |  | CBF |  | Total
United States |  | $ | 529.0 |  | $ | 155.6 |  | $ | 25.6 |  | $ | 41.5 |  | $ | 751.7
International: |  |  |  |  |  |  |  |  |  |
Europe |  | 39.4 |  | 22.3 |  | 13.3 |  | 30.3 |  | 105.3
Asia |  | 5.2 |  | 22.9 |  | 19.8 |  | 18.9 |  | 66.8
Canada |  | 18.4 |  | 1.1 |  | 1.6 |  | 0.7 |  | 21.8
Mexico |  | 0.9 |  | 12.0 |  | 2.1 |  | 3.6 |  | 18.6
Middle East and Africa |  | 3.1 |  | 7.6 |  | 0.6 |  | 0.2 |  | 11.5
Other |  | 2.6 |  | 2.8 |  | 0.5 |  | 3.1 |  | 9.0
Total international |  | 69.6 |  | 68.7 |  | 37.9 |  | 56.8 |  | 233.0
Total revenues |  | $ | 598.6 |  | $ | 224.3 |  | $ | 63.5 |  | $ | 98.3 |  | $ | 984.7

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