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Revenue (Tables)

9 Months Ended

Sep. 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 nine months ended as of September 30, 2019 and 2018 were as follows (in millions):

	Three Months Ended September 30,
	2019				2018
Balance at beginning of period	$	88.0			$	77.8
Advance consideration received	45.2				43.0
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services	(8.7		)		(7.2		)
Revenue recognized during the period related to installation of grain storage and protein production systems	(32.0		)		(33.3		)
Foreign currency translation	(2.2		)		0.6
Balance at September 30	$	90.3			$	80.9

	Nine Months Ended September 30,
	2019				2018
Balance at beginning of period	$	76.8			$	82.6
Advance consideration received	108.9				100.9
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services	(22.7		)		(19.9		)
Revenue recognized during the period related to installation of grain storage and protein production systems	(70.6		)		(82.9		)
Foreign currency translation	(2.1		)		0.2
Balance at September 30	$	90.3			$	80.9

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, 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
Primary geographical markets:
United States		$	431.7			$	—			$	—			$	—			$	431.7
Canada		79.8				—				—				—				79.8
South America		—				236.3				—				—				236.3
Germany		—				—				255.4				—				255.4
France		—				—				237.8				—				237.8
United Kingdom and Ireland		—				—				115.3				—				115.3
Finland and Scandinavia		—				—				176.5				—				176.5
Other Europe		—				—				343.8				—				343.8
Middle East and Algeria		—				—				16.9				—				16.9
Africa		—				—				—				26.7				26.7
Asia		—				—				—				79.4				79.4
Australia and New Zealand		—				—				—				82.1				82.1
Mexico, Central America and Caribbean		24.6				3.1				—				—				27.7
		$	536.2			$	239.4			$	1,145.7			$	188.1			$	2,109.4
Major products:
Tractors		$	166.1			$	135.2			$	772.0			$	70.2			$	1,143.5
Replacement parts		87.2				22.1				233.6				19.7				362.6
Grain storage and protein production systems		165.6				19.0				39.3				58.7				282.6
Combines, application equipment and other machinery		117.2				63.1				100.8				39.6				320.7
		$	536.2			$	239.4			$	1,145.7			$	188.1			$	2,109.4

(1) Rounding may impact the summation of amounts.

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		—				—				360.9				—				360.9
Middle East and Algeria		—				—				19.3				—				19.3
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, application equipment and other machinery		130.0				62.2				107.7				41.0				340.9
		$	545.5			$	281.1			$	1,164.5			$	223.6			$	2,214.7

(1) Rounding may impact the summation of amounts.

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

		North America				South America				Europe/Middle East				Asia/Pacific/Africa(1)				Consolidated(1)
Primary geographical markets:
United States		$	1,344.5			$	—			$	—			$	—			$	1,344.5
Canada		232.9				—				—				—				232.9
South America		—				571.3				—				—				571.3
Germany		—				—				916.3				—				916.3
France		—				—				743.4				—				743.4
United Kingdom and Ireland		—				—				405.5				—				405.5
Finland and Scandinavia		—				—				545.1				—				545.1
Other Europe		—				—				1,151.3				—				1,151.3
Middle East and Algeria		—				—				51.9				—				51.9
Africa		—				—				—				76.7				76.7
Asia		—				—				—				216.2				216.2
Australia and New Zealand		—				—				—				188.9				188.9
Mexico, Central America and Caribbean		73.9				10.0				—				—				83.9
		$	1,651.3			$	581.3			$	3,813.5			$	481.7			$	6,527.8
Major products:
Tractors		$	493.7			$	325.8			$	2,595.8			$	197.2			$	3,612.5
Replacement parts		247.4				65.4				681.9				53.6				1,048.3
Grain storage and protein production systems		435.8				56.4				143.4				157.0				792.6
Combines, application equipment and other machinery		474.4				133.7				392.4				73.9				1,074.4
		$	1,651.3			$	581.3			$	3,813.5			$	481.7			$	6,527.8

(1) Rounding may impact the 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		—				—				1,162.0				—				1,162.0
Middle East and Algeria		—				—				80.8				—				80.8
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, application equipment and other machinery		464.7				135.9				432.6				83.1				1,116.3
		$	1,648.9			$	682.8			$	3,873.4			$	554.7			$	6,759.8

(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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No definition available.

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