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v3.25.2

Revenues (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Summary of Reconciliation of Disaggregated Revenue | A summary of revenues disaggregated by end-market follows:
|  | Three Months Ended June 30, 2025 |  | Three Months Ended June 30, 2024
(in millions) |  | CCM |  | CWT |  | Total |  | CCM |  | CWT |  | Total
Non-residential construction |  | $ | 1,011.5 |  |  | $ | 165.0 |  |  | $ | 1,176.5 |  |  | $ | 1,006.8 |  |  | $ | 163.0 |  |  | $ | 1,169.8 |
Residential construction |  | 84.1 |  |  | 158.3 |  |  | 242.4 |  |  | 82.1 |  |  | 164.5 |  |  | 246.6 |
Other |  | — |  |  | 30.6 |  |  | 30.6 |  |  | — |  |  | 34.2 |  |  | 34.2 |
Total revenues |  | $ | 1,095.6 |  |  | $ | 353.9 |  |  | $ | 1,449.5 |  |  | $ | 1,088.9 |  |  | $ | 361.7 |  |  | $ | 1,450.6 |
|  | Six Months Ended June 30, 2025 |  | Six Months Ended June 30, 2024
(in millions) |  | CCM |  | CWT |  | Total |  | CCM |  | CWT |  | Total
Non-residential construction |  | $ | 1,746.3 |  |  | $ | 303.1 |  |  | $ | 2,049.4 |  |  | $ | 1,725.6 |  |  | $ | 297.8 |  |  | $ | 2,023.4 |
Residential construction |  | 147.8 |  |  | 288.7 |  |  | 436.5 |  |  | 146.9 |  |  | 309.5 |  |  | 456.4 |
Other |  | — |  |  | 59.4 |  |  | 59.4 |  |  | — |  |  | 67.3 |  |  | 67.3 |
Total revenues |  | $ | 1,894.1 |  |  | $ | 651.2 |  |  | $ | 2,545.3 |  |  | $ | 1,872.5 |  |  | $ | 674.6 |  |  | $ | 2,547.1 |
Revenues by Geographic Area A summary of revenues based on the region to which the product was delivered follows:
|  | Three Months Ended June 30, 2025 |  | Three Months Ended June 30, 2024
(in millions) |  | CCM |  | CWT |  | Total |  | CCM |  | CWT |  | Total
United States |  | $ | 1,011.2 |  |  | $ | 301.4 |  |  | $ | 1,312.6 |  |  | $ | 1,002.3 |  |  | $ | 319.7 |  |  | $ | 1,322.0 |
International: |  |  |  |  |  |  |  |  |  |  |  |
Europe |  | 64.3 |  |  | 4.5 |  |  | 68.8 |  |  | 57.9 |  |  | 5.5 |  |  | 63.4 |
North America (excluding U.S.) |  | 14.5 |  |  | 44.0 |  |  | 58.5 |  |  | 22.2 |  |  | 32.1 |  |  | 54.3 |
Other |  | 5.6 |  |  | 4.0 |  |  | 9.6 |  |  | 6.5 |  |  | 4.4 |  |  | 10.9 |
Total international |  | 84.4 |  |  | 52.5 |  |  | 136.9 |  |  | 86.6 |  |  | 42.0 |  |  | 128.6 |
Total revenues |  | $ | 1,095.6 |  |  | $ | 353.9 |  |  | $ | 1,449.5 |  |  | $ | 1,088.9 |  |  | $ | 361.7 |  |  | $ | 1,450.6 |
|  | Six Months Ended June 30, 2025 |  | Six Months Ended June 30, 2024
(in millions) |  | CCM |  | CWT |  | Total |  | CCM |  | CWT |  | Total
United States |  | $ | 1,721.7 |  |  | $ | 556.8 |  |  | $ | 2,278.5 |  |  | $ | 1,706.1 |  |  | $ | 598.4 |  |  | $ | 2,304.5 |
International: |  |  |  |  |  |  |  |  |  |  |  |
Europe |  | 124.1 |  |  | 9.2 |  |  | 133.3 |  |  | 113.9 |  |  | 10.8 |  |  | 124.7 |
North America (excluding U.S.) |  | 37.0 |  |  | 76.9 |  |  | 113.9 |  |  | 40.1 |  |  | 56.9 |  |  | 97.0 |
Other |  | 11.3 |  |  | 8.3 |  |  | 19.6 |  |  | 12.4 |  |  | 8.5 |  |  | 20.9 |
Total international |  | 172.4 |  |  | 94.4 |  |  | 266.8 |  |  | 166.4 |  |  | 76.2 |  |  | 242.6 |
Total revenues |  | $ | 1,894.1 |  |  | $ | 651.2 |  |  | $ | 2,545.3 |  |  | $ | 1,872.5 |  |  | $ | 674.6 |  |  | $ | 2,547.1 |
Summary of Change in Contract Liabilities | A summary of the change in contract liabilities for the six months ended June 30, follows:
(in millions) |  | 2025 |  | 2024
Balance as of January 1 |  | $ | 350.5 |  |  | $ | 324.0 |
Revenue deferred |  | 23.5 |  |  | 25.3 |
Revenue recognized |  | (15.0) |  |  | (14.1) |
Balance as of June 30 |  | $ | 359.0 |  |  | $ | 335.2 |
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 June 30, 2025, follows:
(in millions) |  | Remainder of 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030 |  | Thereafter
Extended service warranties |  | $ | 14.9 |  |  | $ | 28.9 |  |  | $ | 27.9 |  |  | $ | 26.8 |  |  | $ | 25.8 |  |  | $ | 25.0 |  |  | $ | 209.7 |

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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 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + 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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