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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2019, follows:

(in millions)						Remainder of 2019						2020						2021						2022						2023						2024						Thereafter
Extended service warranties						$	10.7					$	20.6					$	19.6					$	18.4					$	17.2					$	16.1					$	126.7

Change in Contract Liabilities

A summary of the change in contract liabilities for the six months ended June 30, follows:

(in millions)						2019						2018
Balance as of January 1						$	227.4					$	215.8
Revenue recognized						(30.2)						(31.2)
Revenue deferred						35.3						39.6
Acquired liabilities						2.7						0.2
Balance as of June 30						$	235.2					$	224.4

Schedule of Change in Contract Assets

A summary of the change in contract assets for the six months ended June 30, follows:

(in millions)						2019						2018
Balance as of January 1						$	44.7					$	—
Adoption of ASC 606						—						22.8
Revenue recognized and unbilled						116.3						69.5
Revenue billed						(102.9)						(49.5)
Balance as of June 30						$	58.1					$	42.8

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 June 30, 2019
(in millions)						CCM						CIT						CFT						CBF						Total
General construction						$	860.5					$	—					$	—					$	—					$	860.5
Aerospace						—						164.6						—						5.7						170.3
Heavy equipment						28.2						—						—						69.5						97.7
Transportation						—						—						36.4						8.4						44.8
Medical						—						37.6						—						—						37.6
General industrial and other						26.3						43.2						30.9						3.5						103.9
Total revenues						$	915.0					$	245.4					$	67.3					$	87.1					$	1,314.8
						Three Months Ended June 30, 2018
(in millions)						CCM						CIT						CFT						CBF						Total
General construction						$	768.1					$	—					$	—					$	—					$	768.1
Aerospace						—						150.8						—						3.5						154.3
Heavy equipment						31.6						—						—						79.3						110.9
Transportation						—						—						39.9						11.5						51.4
Medical						—						34.6						—						—						34.6
General industrial and other						28.9						52.3						33.4						2.2						116.8
Total revenues						$	828.6					$	237.7					$	73.3					$	96.5					$	1,236.1

						Six Months Ended June 30, 2019
(in millions)						CCM						CIT						CFT						CBF						Total
General construction						$	1,482.1					$	—					$	—					$	—					$	1,482.1
Aerospace						—						338.4						—						10.3						348.7
Heavy equipment						55.4						—						—						144.7						200.1
Transportation						—						—						68.7						17.6						86.3
Medical						—						68.6						—						—						68.6
General industrial and other						48.6						84.8						61.7						5.8						200.9
Total revenues						$	1,586.1					$	491.8					$	130.4					$	178.4					$	2,386.7
						Six Months Ended June 30, 2018
(in millions)						CCM						CIT						CFT						CBF						Total
General construction						$	1,314.4					$	—					$	—					$	—					$	1,314.4
Aerospace						—						305.6						—						9.8						315.4
Heavy equipment						57.8						—						—						158.5						216.3
Transportation						—						—						73.1						21.3						94.4
Medical						—						69.3						—						—						69.3
General industrial and other						55.0						87.1						63.7						5.2						211.0
Total revenues						$	1,427.2					$	462.0					$	136.8					$	194.8					$	2,220.8

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 June 30, 2019
(in millions)						CCM						CIT						CFT						CBF						Total
United States						$	824.6					$	171.4					$	31.7					$	34.1					$	1,061.8
International:
Europe						55.2						17.9						12.4						27.0						112.5
Asia						5.6						33.8						21.3						18.3						79.0
Canada						25.0						1.3						1.0						1.3						28.6
Mexico						0.8						13.3						0.2						2.7						17.0
Middle East and Africa						2.0						6.2						0.4						0.2						8.8
Other						1.8						1.5						0.3						3.5						7.1
Total international						90.4						74.0						35.6						53.0						253.0
Total revenues						$	915.0					$	245.4					$	67.3					$	87.1					$	1,314.8
						Three Months Ended June 30, 2018
(in millions)						CCM						CIT						CFT						CBF						Total
United States						$	733.6					$	164.7					$	30.7					$	38.7					$	967.7
International:
Europe						52.4						23.0						15.0						28.9						119.3
Asia						3.6						25.6						24.6						20.6						74.4
Canada						29.5						1.4						1.7						0.7						33.3
Mexico						1.4						12.4						0.5						3.9						18.2
Middle East and Africa						5.8						6.7						0.8						0.3						13.6
Other						2.3						3.9						—						3.4						9.6
Total international						95.0						73.0						42.6						57.8						268.4
Total revenues						$	828.6					$	237.7					$	73.3					$	96.5					$	1,236.1

						Six Months Ended June 30, 2019
(in millions)						CCM						CIT						CFT						CBF						Total
United States						$	1,415.8					$	353.5					$	59.7					$	66.6					$	1,895.6
International:
Europe						107.3						36.3						25.5						57.5						226.6
Asia						9.7						57.6						40.3						38.7						146.3
Canada						42.5						2.4						2.6						1.8						49.3
Mexico						1.2						25.7						0.7						6.0						33.6
Middle East and Africa						5.4						13.5						1.0						0.6						20.5
Other						4.2						2.8						0.6						7.2						14.8
Total international						170.3						138.3						70.7						111.8						491.1
Total revenues						$	1,586.1					$	491.8					$	130.4					$	178.4					$	2,386.7
						Six Months Ended June 30, 2018
(in millions)						CCM						CIT						CFT						CBF						Total
United States						$	1,262.6					$	320.3					$	56.3					$	80.2					$	1,719.4
International:
Europe						91.8						45.3						28.3						59.2						224.6
Asia						8.8						48.5						44.4						39.5						141.2
Canada						47.9						2.5						3.3						1.4						55.1
Mexico						2.3						24.4						2.6						7.5						36.8
Middle East and Africa						8.9						14.3						1.4						0.5						25.1
Other						4.9						6.7						0.5						6.5						18.6
Total international						164.6						141.7						80.5						114.6						501.4
Total revenues						$	1,427.2					$	462.0					$	136.8					$	194.8					$	2,220.8

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Tabular disclosure of contract balances and changes in contract balances.

+ 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=118956577&loc=SL49130551-203045

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
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