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Revenue (Tables)

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

Significant changes in the balance of contract liabilities for the three months ended as of March 31, 2019 and 2018 were as follows (in millions):

	Three Months Ended March 31,
	2019				2018
Balance at beginning of period	$	76.8			$	82.6
Advance consideration received	25.4				34.5
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services	(6.1		)		(6.4		)
Revenue recognized during the period related to installation of grain storage and protein production systems	(11.4		)		(14.9		)
Foreign currency translation	(0.2		)		1.1
Balance at March 31	$	84.5			$	96.9

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, 2019 disaggregated by primary geographical markets and major products consisted of the following (in millions):

		North America(1)				South America(1)				Europe/Middle East(1)				Asia/Pacific/Africa(1)				Consolidated(1)
Primary geographical markets:
United States		$	412.6			$	—			$	—			$	—			$	412.6
Canada		61.2				—				—				—				61.2
South America		—				152.9				—				—				152.9
Germany		—				—				270.3				—				270.3
France		—				—				238.1				—				238.1
United Kingdom and Ireland		—				—				154.3				—				154.3
Finland and Scandinavia		—				—				169.6				—				169.6
Other Europe		—								364.2				—				364.2
Middle East and Algeria		—				—				14.1				—				14.1
Africa		—				—				—				20.3				20.3
Asia		—				—				—				59.2				59.2
Australia and New Zealand		—				—				—				53.4				53.4
Mexico, Central America and Caribbean		22.4				3.3				—				—				25.7
		$	496.2			$	156.1			$	1,210.6			$	132.9			$	1,995.8
Major products:
Tractors		$	140.2			$	84.3			$	829.7			$	65.0			$	1,119.2
Replacement parts		61.5				21.9				201.9				16.7				302.0
Grain storage and protein production systems		103.8				19.7				42.5				37.1				203.1
Combines, application equipment and other machinery		190.8				30.2				136.4				14.0				371.4
		$	496.2			$	156.1			$	1,210.6			$	132.9			$	1,995.8

(1) Rounding may impact summation of amounts.

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
South America		—				179.2				—				—				179.2
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		—				—				334.8				—				334.8
Middle East and Algeria		—				—				27.0				—				27.0
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				2.9				—				—				33.1
		$	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
Grain storage and protein production systems		110.4				17.2				34.4				44.2				206.2
Combines, application equipment and other machinery		177.1				36.4				140.4				21.4				375.3
		$	502.9			$	182.1			$	1,163.7			$	158.8			$	2,007.5

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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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

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