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Revenue (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

Significant changes in the balance of contract liabilities for the three and six months ended as of June 30, 2019 and 2018 were as follows (in millions):

	Three Months Ended June 30,
	2019				2018
Balance at beginning of period	$	84.5			$	96.9
Advance consideration received	38.3				23.4
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services	(7.9		)		(6.3		)
Revenue recognized during the period related to installation of grain storage and protein production systems	(27.2		)		(34.7		)
Foreign currency translation	0.3				(1.5		)
Balance at June 30	$	88.0			$	77.8

	Six Months Ended June 30,
	2019				2018
Balance at beginning of period	$	76.8			$	82.6
Advance consideration received	63.7				57.9
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services	(14.0		)		(12.7		)
Revenue recognized during the period related to installation of grain storage and protein production systems	(38.6		)		(49.6		)
Foreign currency translation	0.1				(0.4		)
Balance at June 30	$	88.0			$	77.8

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

Net sales for the three months ended June 30, 2019 disaggregated by primary geographical markets and major products consisted of the following (in millions):

		North America(1)				South America(1)				Europe/Middle East				Asia/Pacific/Africa				Consolidated(1)
Primary geographical markets:
United States		$	500.2			$	—			$	—			$	—			$	500.2
Canada		91.9				—				—				—				91.9
South America		—				182.1				—				—				182.1
Germany		—				—				390.6				—				390.6
France		—				—				267.5				—				267.5
United Kingdom and Ireland		—				—				135.9				—				135.9
Finland and Scandinavia		—				—				199.0				—				199.0
Other Europe		—				—				443.3				—				443.3
Middle East and Algeria		—				—				20.9				—				20.9
Africa		—				—				—				29.7				29.7
Asia		—				—				—				77.6				77.6
Australia and New Zealand		—				—				—				53.4				53.4
Mexico, Central America and Caribbean		26.9				3.6				—				—				30.5
		$	618.9			$	185.8			$	1,457.2			$	160.7			$	2,422.6
Major products:
Tractors		$	187.4			$	106.3			$	994.1			$	62.0			$	1,349.8
Replacement parts		98.7				21.4				246.4				17.2				383.7
Grain storage and protein production systems		166.4				17.7				61.6				61.2				306.9
Combines, application equipment and other machinery		166.5				40.4				155.1				20.3				382.3
		$	618.9			$	185.8			$	1,457.2			$	160.7			$	2,422.6

(1) Rounding may impact the summation of amounts.

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

		North America				South America				Europe/Middle East(1)				Asia/Pacific/Africa(1)				Consolidated
Primary geographical markets:
United States		$	468.4			$	—			$	—			$	—			$	468.4
Canada		101.3				—				—				—				101.3
South America		—				213.7				—				—				213.7
Germany		—				—				389.7				—				389.7
France		—				—				250.2				—				250.2
United Kingdom and Ireland		—				—				172.8				—				172.8
Finland and Scandinavia		—				—				231.7				—				231.7
Other Europe		—				—				466.3				—				466.3
Middle East and Algeria		—				—				34.5				—				34.5
Africa		—				—				—				22.0				22.0
Asia		—				—				—				87.0				87.0
Australia and New Zealand		—				—				—				63.3				63.3
Mexico, Central America and Caribbean		30.8				5.9				—				—				36.7
		$	600.5			$	219.6			$	1,545.2			$	172.3			$	2,537.6
Major products:
Tractors		$	173.7			$	148.2			$	1,049.5			$	75.9			$	1,447.3
Replacement parts		97.7				21.9				252.7				15.9				388.2
Grain storage and protein production systems		171.5				12.2				58.4				59.9				302.0
Combines, application equipment and other machinery		157.6				37.3				184.5				20.7				400.1
		$	600.5			$	219.6			$	1,545.2			$	172.3			$	2,537.6

(1) Rounding may impact the summation of amounts.

Net sales for the six months ended June 30, 2019 disaggregated by primary geographical markets and major products consisted of the following (in millions):

		North America(1)				South America				Europe/Middle East				Asia/Pacific/Africa(1)				Consolidated(1)
Primary geographical markets:
United States		$	912.8			$	—			$	—			$	—			$	912.8
Canada		153.1				—				—				—				153.1
South America		—				335.0				—				—				335.0
Germany		—				—				660.9				—				660.9
France		—				—				505.6				—				505.6
United Kingdom and Ireland		—				—				290.2				—				290.2
Finland and Scandinavia		—				—				368.6				—				368.6
Other Europe		—				—				807.5				—				807.5
Middle East and Algeria		—				—				35.0				—				35.0
Africa		—				—				—				50.0				50.0
Asia		—				—				—				136.8				136.8
Australia and New Zealand		—				—				—				106.8				106.8
Mexico, Central America and Caribbean		49.3				6.9				—				—				56.2
		$	1,115.1			$	341.9			$	2,667.8			$	293.6			$	4,418.4
Major products:
Tractors		$	327.6			$	190.6			$	1,823.8			$	127.0			$	2,469.0
Replacement parts		160.2				43.3				448.3				33.9				685.7
Grain storage and protein production systems		270.2				37.4				104.1				98.3				510.0
Combines, application equipment and other machinery		357.2				70.6				291.6				34.3				753.7
		$	1,115.1			$	341.9			$	2,667.8			$	293.6			$	4,418.4

(1) Rounding may impact the summation of amounts.

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

		North America				South America				Europe/Middle East(1)				Asia/Pacific/Africa(1)				Consolidated
Primary geographical markets:
United States		$	867.5			$	—			$	—			$	—			$	867.5
Canada		174.9				—				—				—				174.9
South America		—				394.2				—				—				394.2
Germany		—				—				677.6				—				677.6
France		—				—				446.8				—				446.8
United Kingdom and Ireland		—				—				313.1				—				313.1
Finland and Scandinavia		—				—				408.8				—				408.8
Other Europe		—				—				801.1				—				801.1
Middle East and Algeria		—				—				61.5				—				61.5
Africa		—				—				—				44.2				44.2
Asia		—				—				—				161.6				161.6
Australia and New Zealand		—				—				—				125.3				125.3
Mexico, Central America and Caribbean		61.0				7.5				—				—				68.5
		$	1,103.4			$	401.7			$	2,708.9			$	331.1			$	4,545.1
Major products:
Tractors		$	328.3			$	255.0			$	1,827.9			$	149.4			$	2,560.6
Replacement parts		158.5				43.6				463.2				35.6				700.9
Grain storage and protein production systems		281.9				29.4				92.8				104.1				508.2
Combines, application equipment and other machinery		334.7				73.7				324.9				42.1				775.4
		$	1,103.4			$	401.7			$	2,708.9			$	331.1			$	4,545.1

(1) Rounding may impact the summation of amounts.

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045

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X

- 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/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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