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Revenue (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and 2019 were as follows (in millions):

	Three Months Ended June 30,
	2020				2019
Balance at beginning of period	$	111.6			$	84.5
Advance consideration received	35.7				38.3
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services	(12.0		)		(7.9		)
Revenue recognized during the period related to grain storage and protein production systems	(17.2		)		(27.2		)
Foreign currency translation	0.6				0.3
Balance at June 30	$	118.7			$	88.0

	Six Months Ended June 30,
	2020				2019
Balance at beginning of period	$	104.0			$	76.8
Advance consideration received	69.6				63.7
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services	(22.1		)		(14.0		)
Revenue recognized during the period related to grain storage and protein production systems	(29.0		)		(38.6		)
Foreign currency translation	(3.8		)		0.1
Balance at June 30	$	118.7			$	88.0

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, 2020 disaggregated by primary geographical markets and major products consisted of the following (in millions):

		North America				South America(1)				Europe/Middle East				Asia/Pacific/Africa				Consolidated(1)
Primary geographical markets:
United States		$	452.1			$	—			$	—			$	—			$	452.1
Canada		82.7				—				—				—				82.7
South America		—				177.3				—				—				177.3
Germany		—				—				294.3				—				294.3
France		—				—				221.0				—				221.0
United Kingdom and Ireland		—				—				111.1				—				111.1
Finland and Scandinavia		—				—				144.6				—				144.6
Other Europe		—				—				325.4				—				325.4
Middle East and Algeria		—				—				28.6				—				28.6
Africa		—				—				—				2.6				2.6
Asia		—				—				—				85.9				85.9
Australia and New Zealand		—				—				—				59.0				59.0
Mexico, Central America and Caribbean		21.0				1.2				—				—				22.2
		$	555.8			$	178.5			$	1,125.0			$	147.5			$	2,006.8
Major products:
Tractors		$	148.6			$	101.0			$	682.2			$	60.5			$	992.3
Replacement parts		105.8				16.8				257.4				19.3				399.3
Grain storage and protein production systems		142.8				16.9				33.3				48.4				241.4
Combines, application equipment and other machinery		158.6				43.9				152.1				19.3				373.9
		$	555.8			$	178.5			$	1,125.0			$	147.5			$	2,006.8

(1) Rounding may impact the summation of amounts.

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 six months ended June 30, 2020 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		$	919.5			$	—			$	—			$	—			$	919.5
Canada		144.4				—				—				—				144.4
South America		—				329.2				—				—				329.2
Germany		—				—				594.4				—				594.4
France		—				—				435.7				—				435.7
United Kingdom and Ireland		—				—				223.6				—				223.6
Finland and Scandinavia		—				—				276.9				—				276.9
Other Europe		—				—				649.6				—				649.6
Middle East and Algeria		—				—				58.1				—				58.1
Africa		—				—				—				16.0				16.0
Asia		—				—				—				133.9				133.9
Australia and New Zealand		—				—				—				106.8				106.8
Mexico, Central America and Caribbean		43.8				3.2				—				—				47.0
		$	1,107.7			$	332.4			$	2,238.3			$	256.7			$	3,935.1
Major products:
Tractors		$	317.0			$	176.9			$	1,452.5			$	107.4			$	2,053.8
Replacement parts		178.0				36.8				458.0				36.6				709.4
Grain storage and protein production systems		239.6				38.8				60.8				77.4				416.6
Other machinery		373.1				79.9				266.9				35.4				755.3
		$	1,107.7			$	332.4			$	2,238.3			$	256.7			$	3,935.1

(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
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.

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ 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=121604090&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/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- References

No definition available.

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