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Revenue (Notes)
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
Contract Liabilities

    Contract liabilities relate to the following: (1) unrecognized revenues where advance payment of consideration precedes the Company’s performance with respect to extended warranty and maintenance contracts and where the performance obligation is satisfied over time, (2) unrecognized revenues where advance payment of consideration precedes the Company’s performance with respect to certain grain storage and protein production systems and where the performance obligation is satisfied over time and (3) unrecognized revenues where advance payment of consideration precedes the Company’s performance with respect to technology services and where the performance obligation is satisfied over time.

    Significant changes in the balance of contract liabilities for the three months ended March 31, 2021 and 2020 were as follows (in millions):
Three Months Ended March 31,
20212020
Balance at beginning of period$172.0 $104.0 
Advance consideration received57.1 33.9 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(13.0)(10.1)
Revenue recognized during the period related to grain storage and protein production systems(27.2)(11.8)
Foreign currency translation(2.6)(4.4)
Balance at March 31$186.3 $111.6 

    The contract liabilities are classified as either “Accrued expenses” or “Other current liabilities” and “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets.

Remaining Performance Obligations

    The estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2021 are $43.3 million for the remainder of 2021, $51.1 million in 2022, $33.0 million in 2023, $14.9 million in 2024 and $7.9 million thereafter, and relate primarily to extended warranty contracts. The Company
applied the practical expedient in ASU 2014-09 and has not disclosed information about remaining performance obligations that have original expected durations of 12 months or less.

Disaggregated Revenue

    Net sales for the three months ended March 31, 2021 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North AmericaSouth AmericaEurope/Middle EastAsia/Pacific/AfricaConsolidated
Primary geographical markets:
United States$498.7 $— $— $— $498.7 
Canada91.6 — — — 91.6 
South America— 238.6 — — 238.6 
Germany— — 345.5 — 345.5 
France— — 215.5 — 215.5 
United Kingdom and Ireland— — 128.4 — 128.4 
Finland and Scandinavia— — 157.4 — 157.4 
Other Europe— — 423.5 — 423.5 
Middle East and Algeria— — 56.9 — 56.9 
Africa— — — 25.8 25.8 
Asia— — — 102.3 102.3 
Australia and New Zealand— — — 71.8 71.8 
Mexico, Central America and Caribbean20.8 1.9 — — 22.7 
$611.1 $240.5 $1,327.2 $199.9 $2,378.7 
Major products:
Tractors$190.3 $111.2 $881.3 $94.0 $1,276.8 
Replacement parts85.1 29.0 261.0 23.5 398.6 
Grain storage and protein production systems106.4 21.6 29.1 56.9 214.0 
Combines, application equipment and other machinery229.3 78.7 155.8 25.5 489.3 
$611.1 $240.5 $1,327.2 $199.9 $2,378.7 
    Net sales for the three months ended March 31, 2020 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North AmericaSouth America
Europe/Middle East(1)
Asia/Pacific/Africa(1)
Consolidated
Primary geographical markets:
United States$462.3 $— $— $— $462.3 
Canada66.8 — — — 66.8 
South America— 151.9 — — 151.9 
Germany— — 300.1 — 300.1 
France— — 214.7 — 214.7 
United Kingdom and Ireland— — 112.5 — 112.5 
Finland and Scandinavia— — 132.3 — 132.3 
Other Europe— — 324.2 — 324.2 
Middle East and Algeria— — 29.5 — 29.5 
Africa— — — 13.4 13.4 
Asia— — — 48.0 48.0 
Australia and New Zealand— — — 47.8 47.8 
Mexico, Central America and Caribbean22.8 2.0 — — 24.8 
$551.9 $153.9 $1,113.3 $109.2 $1,928.3 
Major products:
Tractors$168.4 $75.9 $770.3 $46.9 $1,061.5 
Replacement parts72.2 20.1 200.6 17.3 310.2 
Grain storage and protein production systems96.8 21.9 27.5 29.0 175.2 
Combines, application equipment and other machinery214.5 36.0 114.8 16.1 381.4 
$551.9 $153.9 $1,113.3 $109.2 $1,928.3 
(1) Rounding may impact the summation of amounts.