XML 49 R39.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2021
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 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 
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, 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.