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Revenues | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenues | Revenues Revenues by End-Market 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 |
Contract Liabilities The Company receives payment at inception of contracts for separately priced extended service warranties and revenue is deferred and recognized on a straight-line basis over the life of the contracts. Remaining performance obligations for extended service warranties represent the transaction price for the remaining stand-ready obligation to perform warranty services. 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 |
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 The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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