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v3.23.3

Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Summary of Remaining Performance Obligation | 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, 2023, follows:
(in millions) |  | Remainder of 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter
Extended service warranties |  | $ | 6.6 |  |  | $ | 26.0 |  |  | $ | 25.1 |  |  | $ | 24.1 |  |  | $ | 23.1 |  |  | $ | 22.0 |  |  | $ | 187.9 |
Summary of Change in Contract Liabilities | A summary of the change in contract liabilities for the nine months ended September 30, follows:
(in millions) |  | 2023 |  | 2022
Balance as of January 1 |  | $ | 294.8 |  |  | $ | 273.3 |
Revenue recognized |  | (20.1) |  |  | (19.0) |
Revenue deferred |  | 40.1 |  |  | 32.5 |
Balance as of September 30 |  | $ | 314.8 |  |  | $ | 286.8 |
Summary of 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, 2023
(in millions) |  | CCM |  | CWT |  |  |  |  |  | Total
General construction: |  |  |  |  |  |  |  |  |  |
Non-residential |  | $ | 839.8 |  |  | $ | 127.2 |  |  |  |  |  |  | $ | 967.0 |
Residential |  | 74.2 |  |  | 173.4 |  |  |  |  |  |  | 247.6 |
Total construction |  | 914.0 |  |  | 300.6 |  |  |  |  |  |  | 1,214.6 |
Heavy equipment |  | — |  |  | 26.2 |  |  |  |  |  |  | 26.2 |
General industrial and other |  | — |  |  | 19.0 |  |  |  |  |  |  | 19.0 |
Total revenues |  | $ | 914.0 |  |  | $ | 345.8 |  |  |  |  |  |  | $ | 1,259.8 |
|  | Three Months Ended September 30, 2022
(in millions) |  | CCM |  | CWT |  |  |  |  |  | Total
General construction: |  |  |  |  |  |  |  |  |  |
Non-residential |  | $ | 1,007.1 |  |  | $ | 154.7 |  |  |  |  |  |  | $ | 1,161.8 |
Residential |  | 83.2 |  |  | 198.3 |  |  |  |  |  |  | 281.5 |
Total construction |  | 1,090.3 |  |  | 353.0 |  |  |  |  |  |  | 1,443.3 |
Heavy equipment |  | — |  |  | 26.3 |  |  |  |  |  |  | 26.3 |
General industrial and other |  | — |  |  | 27.4 |  |  |  |  |  |  | 27.4 |
Total revenues |  | $ | 1,090.3 |  |  | $ | 406.7 |  |  |  |  |  |  | $ | 1,497.0 |
|  | Nine Months Ended September 30, 2023
(in millions) |  | CCM |  | CWT |  |  |  |  |  | Total
General construction: |  |  |  |  |  |  |  |  |  |
Non-residential |  | $ | 2,235.7 |  |  | $ | 394.1 |  |  |  |  |  |  | $ | 2,629.8 |
Residential |  | 201.8 |  |  | 491.4 |  |  |  |  |  |  | 693.2 |
Total construction |  | 2,437.5 |  |  | 885.5 |  |  |  |  |  |  | 3,323.0 |
Heavy equipment |  | — |  |  | 80.8 |  |  |  |  |  |  | 80.8 |
General industrial and other |  | — |  |  | 55.6 |  |  |  |  |  |  | 55.6 |
Total revenues |  | $ | 2,437.5 |  |  | $ | 1,021.9 |  |  |  |  |  |  | $ | 3,459.4 |
|  | Nine Months Ended September 30, 2022
(in millions) |  | CCM |  | CWT |  |  |  |  |  | Total
General construction: |  |  |  |  |  |  |  |  |  |
Non-residential |  | $ | 2,847.9 |  |  | $ | 429.7 |  |  |  |  |  |  | $ | 3,277.6 |
Residential |  | 236.9 |  |  | 590.5 |  |  |  |  |  |  | 827.4 |
Total construction |  | 3,084.8 |  |  | 1,020.2 |  |  |  |  |  |  | 4,105.0 |
Heavy equipment |  | — |  |  | 84.4 |  |  |  |  |  |  | 84.4 |
General industrial and other |  | — |  |  | 110.1 |  |  |  |  |  |  | 110.1 |
Total revenues |  | $ | 3,084.8 |  |  | $ | 1,214.7 |  |  |  |  |  |  | $ | 4,299.5 |
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, 2023
(in millions) |  | CCM |  | CWT |  |  |  |  |  | Total
United States |  | $ | 830.0 |  |  | $ | 305.4 |  |  |  |  |  |  | $ | 1,135.4 |
International: |  |  |  |  |  |  |  |  |  |
Europe |  | 52.1 |  |  | 4.3 |  |  |  |  |  |  | 56.4 |
North America (excluding U.S.) |  | 24.1 |  |  | 29.9 |  |  |  |  |  |  | 54.0 |
Asia and Middle East |  | 6.0 |  |  | 2.5 |  |  |  |  |  |  | 8.5 |
Africa |  | 0.3 |  |  | 2.0 |  |  |  |  |  |  | 2.3 |
Other |  | 1.5 |  |  | 1.7 |  |  |  |  |  |  | 3.2 |
Total international |  | 84.0 |  |  | 40.4 |  |  |  |  |  |  | 124.4 |
Total revenues |  | $ | 914.0 |  |  | $ | 345.8 |  |  |  |  |  |  | $ | 1,259.8 |
|  | Three Months Ended September 30, 2022
(in millions) |  | CCM |  | CWT |  |  |  |  |  | Total
United States |  | $ | 1,005.4 |  |  | $ | 362.2 |  |  |  |  |  |  | $ | 1,367.6 |
International: |  |  |  |  |  |  |  |  |  |
Europe |  | 64.2 |  |  | 4.4 |  |  |  |  |  |  | 68.6 |
North America (excluding U.S.) |  | 14.9 |  |  | 34.6 |  |  |  |  |  |  | 49.5 |
Asia and Middle East |  | 3.3 |  |  | 3.2 |  |  |  |  |  |  | 6.5 |
Africa |  | 0.2 |  |  | 0.9 |  |  |  |  |  |  | 1.1 |
Other |  | 2.3 |  |  | 1.4 |  |  |  |  |  |  | 3.7 |
Total international |  | 84.9 |  |  | 44.5 |  |  |  |  |  |  | 129.4 |
Total revenues |  | $ | 1,090.3 |  |  | $ | 406.7 |  |  |  |  |  |  | $ | 1,497.0 |
|  | Nine Months Ended September 30, 2023
(in millions) |  | CCM |  | CWT |  |  |  |  |  | Total
United States |  | $ | 2,194.4 |  |  | $ | 903.5 |  |  |  |  |  |  | $ | 3,097.9 |
International: |  |  |  |  |  |  |  |  |  |
Europe |  | 156.9 |  |  | 14.3 |  |  |  |  |  |  | 171.2 |
North America (excluding U.S.) |  | 67.3 |  |  | 87.3 |  |  |  |  |  |  | 154.6 |
Asia and Middle East |  | 13.1 |  |  | 7.1 |  |  |  |  |  |  | 20.2 |
Africa |  | 0.9 |  |  | 4.5 |  |  |  |  |  |  | 5.4 |
Other |  | 4.9 |  |  | 5.2 |  |  |  |  |  |  | 10.1 |
Total international |  | 243.1 |  |  | 118.4 |  |  |  |  |  |  | 361.5 |
Total revenues |  | $ | 2,437.5 |  |  | $ | 1,021.9 |  |  |  |  |  |  | $ | 3,459.4 |
|  | Nine Months Ended September 30, 2022
(in millions) |  | CCM |  | CWT |  |  |  |  |  | Total
United States |  | $ | 2,802.3 |  |  | $ | 1,084.5 |  |  |  |  |  |  | $ | 3,886.8 |
International: |  |  |  |  |  |  |  |  |  |
Europe |  | 186.9 |  |  | 14.9 |  |  |  |  |  |  | 201.8 |
North America (excluding U.S.) |  | 75.1 |  |  | 98.7 |  |  |  |  |  |  | 173.8 |
Asia and Middle East |  | 11.0 |  |  | 8.0 |  |  |  |  |  |  | 19.0 |
Africa |  | 1.4 |  |  | 3.6 |  |  |  |  |  |  | 5.0 |
Other |  | 8.1 |  |  | 5.0 |  |  |  |  |  |  | 13.1 |
Total international |  | 282.5 |  |  | 130.2 |  |  |  |  |  |  | 412.7 |
Total revenues |  | $ | 3,084.8 |  |  | $ | 1,214.7 |  |  |  |  |  |  | $ | 4,299.5 |

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
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