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Revenue from Contracts with Customers | 6 Months Ended
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Jun. 30, 2021
Revenue From Contract With Customer [Abstract] |
Revenue from Contracts with Customers |
3) | Revenue from Contracts with Customers
Contract assets as of June 30, 2021 and December 31, 2020 were $3.8 and $3.7, respectively, and are included in other current assets. A rollforward of the Company’s deferred revenue and customer advances is as follows:
|  | Six Months Ended |
|  | June 30, 2021 |  |  | June 30, 2020 |
Beginning balance, January 1(1) |  | $ | 36.7 |  |  | $ | 24.8 |
Additions to deferred revenue and customer advances |  |  | 25.4 |  |  |  | 46.6 |
Amount of deferred revenue and customer advances recognized in income |  |  | (20.8 | ) |  |  | (38.0 | )
Ending balance, June 30(2) |  | $ | 41.3 |  |  | $ | 33.4 |
| (1) | Beginning deferred revenue and customer advances as of January 1, 2021 included $18.4 of current deferred revenue, $5.5 of long-term deferred revenue and $12.8 of current customer advances.
| (2) | Ending deferred revenue and customer advances as of June 30, 2021 included $20.3 of current deferred revenue, $5.0 of long-term deferred revenue and $16.0 of current customer advances.
Disaggregation of Revenue The following table summarizes revenue from contracts with customers:
|  | Three Months Ended June 30, 2021 |
|  | Vacuum & Analysis |  |  | Light & Motion |  |  | Equipment & Solutions |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 398.7 |  |  | $ | 175.7 |  |  | $ | 82.3 |  |  | $ | 656.7 |
Services |  |  | 59.0 |  |  |  | 17.2 |  |  |  | 17.0 |  |  |  | 93.2 |
Total net revenues |  | $ | 457.7 |  |  | $ | 192.9 |  |  | $ | 99.3 |  |  | $ | 749.9 |
|  | Three Months Ended June 30, 2020 |
|  | Vacuum & Analysis |  |  | Light & Motion |  |  | Equipment & Solutions |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 273.4 |  |  | $ | 150.7 |  |  | $ | 48.9 |  |  | $ | 473.0 |
Services |  |  | 41.1 |  |  |  | 15.3 |  |  |  | 14.9 |  |  |  | 71.3 |
Total net revenues |  | $ | 314.5 |  |  | $ | 166.0 |  |  | $ | 63.8 |  |  | $ | 544.3 |
|  | Six Months Ended June 30, 2021 |
|  | Vacuum & Analysis |  |  | Light & Motion |  |  | Equipment & Solutions |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 777.9 |  |  | $ | 340.7 |  |  | $ | 143.1 |  |  | $ | 1,261.7 |
Services |  |  | 115.6 |  |  |  | 34.2 |  |  |  | 32.3 |  |  |  | 182.1 |
Total net revenues |  | $ | 893.5 |  |  | $ | 374.9 |  |  | $ | 175.4 |  |  | $ | 1,443.8 |
|  | Six Months Ended June 30, 2020 |
|  | Vacuum & Analysis |  |  | Light & Motion |  |  | Equipment & Solutions |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 549.6 |  |  | $ | 300.4 |  |  | $ | 84.2 |  |  | $ | 934.2 |
Services |  |  | 84.2 |  |  |  | 31.0 |  |  |  | 30.6 |  |  |  | 145.8 |
Total net revenues |  | $ | 633.8 |  |  | $ | 331.4 |  |  | $ | 114.8 |  |  | $ | 1,080.0 |
Product revenue, excluding revenue from certain custom products, is recorded at a point in time, while the majority of the service revenue and revenue from certain custom products is recorded over time.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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