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Revenue (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area and by Product

Net sales for the three months ended March 31, 2018 disaggregated by primary geographical markets and major products consisted of the following (in millions):

		North America				South America				Europe/Middle East				Asia/Pacific/Africa				Consolidated
Primary geographical markets:
United States		$	399.1			$	—			$	—			$	—			$	399.1
Canada		73.6				—				—				—				73.6
Germany		—				—				287.9				—				287.9
France		—				—				196.6				—				196.6
United Kingdom and Ireland		—				—				140.3				—				140.3
Finland and Scandinavia		—				—				177.1				—				177.1
Other Europe		—				—				358.1				—				358.1
South America		—				180.5				—				—				180.5
Middle East and Algeria		—				—				3.7				—				3.7
Africa		—				—				—				22.2				22.2
Asia		—				—				—				74.6				74.6
Australia and New Zealand		—				—				—				62.0				62.0
Mexico, Central America and Caribbean		30.2				1.6				—				—				31.8
		$	502.9			$	182.1			$	1,163.7			$	158.8			$	2,007.5
Major products:
Tractors		$	154.6			$	106.8			$	778.4			$	73.5			$	1,113.3
Replacement parts		60.8				21.7				210.5				19.7				312.7
Other machinery		119.4				7.0				104.5				12.0				242.9
Grain storage and protein production systems		110.4				17.2				34.4				44.2				206.2
Combines		3.1				25.7				33.5				0.4				62.7
Application equipment		54.6				3.7				2.4				9.0				69.7
		$	502.9			$	182.1			$	1,163.7			$	158.8			$	2,007.5

Contract with Customer, Asset and Liability

Significant changes in the balance of contract assets and liabilities during the period from adoption of ASU 2014-09 as of January 1, 2018 to March 31, 2018 were as follows (in millions):

	Contract Assets
Balance as of January 1, 2018	$	10.1
Additions for expected returns of replacement parts sold during the period	4.9
Transfer of returned replacement parts to inventory	(4.6		)
Balance as of March 31, 2018	$	10.4
	Contract Liabilities
Balance as of January 1, 2018	$	104.4
Advance consideration received	34.5
Accrual for expected reimbursement of replacement parts sold during the period	11.6
Revenue recognized during the period for extended warranty contracts	(6.4		)
Revenue recognized during the period related to installation of grain storage and protein production systems	(15.5		)
Replacement part settlements made during the period	(11.3		)
Foreign currency translation	1.8
Balance as of March 31, 2018	$	119.1

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130551-203045

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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/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130545-203045

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