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Revenue (Tables)

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

Significant changes in the balance of contract assets and liabilities for the three and nine months ended as of September 30, 2018 were as follows (in millions):

Contract Assets
	Three Months Ended September 30, 2018				Nine Months Ended September 30, 2018(1)
Balance at beginning of period	$	11.3			$	10.1
Additions for expected returns of replacement parts sold during the period	4.6				15.0
Transfer of returned replacement parts to inventory	(4.7		)		(13.8		)
Foreign currency translation	—				(0.1		)
Balance as of September 30, 2018	$	11.2			$	11.2
Contract Liabilities
	Three Months Ended September 30, 2018				Nine Months Ended September 30, 2018(1)
Balance at beginning of period	$	101.9			$	104.4
Advance consideration received	43.0				100.9
Accrual for expected reimbursement of replacement parts sold during the period	11.7				36.2
Revenue recognized during the period for extended warranty contracts	(7.2		)		(19.9		)
Revenue recognized during the period related to installation of grain storage and protein production systems	(32.3		)		(80.9		)
Replacement part settlements made during the period	(11.8		)		(33.9		)
Foreign currency translation	(0.5		)		(2.0		)
Balance as of September 30, 2018	$	104.8			$	104.8

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(1) The beginning of the period is from the date of adoption of ASU 2014-09 or January 1, 2018.

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

Net sales for the three months ended September 30, 2018 disaggregated by primary geographical markets and major products consisted of the following (in millions):

		North America				South America(1)				Europe/Middle East(1)				Asia/Pacific/Africa(1)				Consolidated
Primary geographical markets:
United States		$	430.6			$	—			$	—			$	—			$	430.6
Canada		82.3				—				—				—				82.3
South America		—				275.8				—				—				275.8
Germany		—				—				273.0				—				273.0
France		—				—				198.1				—				198.1
United Kingdom and Ireland		—				—				140.4				—				140.4
Finland and Scandinavia		—				—				172.8				—				172.8
Other Europe		—				—				375.7				—				375.7
Middle East and Algeria		—				—				4.5				—				4.5
Africa		—				—				—				32.0				32.0
Asia		—				—				—				104.4				104.4
Australia and New Zealand		—				—				—				87.2				87.2
Mexico, Central America and Caribbean		32.6				5.3				—				—				37.9
		$	545.5			$	281.1			$	1,164.5			$	223.6			$	2,214.7
Major products:
Tractors		$	168.3			$	174.3			$	775.5			$	91.4			$	1,209.5
Replacement parts		79.0				23.7				224.7				19.1				346.5
Grain storage and protein production systems		168.2				20.8				56.8				72.0				317.8
Combines		21.0				23.5				36.0				4.6				85.1
Application equipment		37.9				14.2				4.8				2.7				59.6
Other machinery		71.1				24.5				66.9				33.7				196.2
		$	545.5			$	281.1			$	1,164.5			$	223.6			$	2,214.7

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(1) Rounding may impact summation of amounts.

Net sales for the nine months ended September 30, 2018 disaggregated by primary geographical markets and major products consisted of the following (in millions):

		North America				South America(1)				Europe/Middle East(1)				Asia/Pacific/Africa				Consolidated
Primary geographical markets:
United States		$	1,298.1			$	—			$	—			$	—			$	1,298.1
Canada		257.2				—				—				—				257.2
South America		—				670.0				—				—				670.0
Germany		—				—				950.6				—				950.6
France		—				—				644.9				—				644.9
United Kingdom and Ireland		—				—				453.5				—				453.5
Finland and Scandinavia		—				—				581.6				—				581.6
Other Europe		—				—				1,228.9				—				1,228.9
Middle East and Algeria		—				—				13.9				—				13.9
Africa		—				—				—				76.2				76.2
Asia		—				—				—				266.0				266.0
Australia and New Zealand		—				—				—				212.5				212.5
Mexico, Central America and Caribbean		93.6				12.8				—				—				106.4
		$	1,648.9			$	682.8			$	3,873.4			$	554.7			$	6,759.8
Major products:
Tractors		$	496.6			$	429.3			$	2,603.4			$	240.8			$	3,770.1
Replacement parts		237.5				67.3				687.9				54.7				1,047.4
Grain storage and protein production systems		450.1				50.2				149.6				176.1				826.0
Combines		48.7				63.6				109.1				7.2				228.6
Application equipment		146.0				25.2				14.1				13.7				199.0
Other machinery		270.0				47.1				309.4				62.2				688.7
		$	1,648.9			$	682.8			$	3,873.4			$	554.7			$	6,759.8

____________________________________

(1) Rounding may impact summation of amounts.

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045

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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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