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Revenue (Tables)
6 Months Ended
Jun. 30, 2021
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, 2021 and 2020 were as follows (in millions):
Three Months Ended June 30,
20212020
Balance at beginning of period$186.3 $111.6 
Advance consideration received59.0 35.7 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(13.3)(12.0)
Revenue recognized during the period related to grain storage and protein production systems(32.6)(17.2)
Foreign currency translation1.8 0.6 
Balance at June 30$201.2 $118.7 
Six Months Ended June 30,
20212020
Balance at beginning of period$172.0 $104.0 
Advance consideration received116.1 69.6 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(26.3)(22.1)
Revenue recognized during the period related to grain storage and protein production systems(59.8)(29.0)
Foreign currency translation(0.8)(3.8)
Balance at June 30$201.2 $118.7 
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, 2021 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North America (1)
South America (1)
Europe/Middle East(1)
Asia/Pacific/Africa
Consolidated(1)
Primary geographical markets:
United States$570.9 $— $— $— $570.9 
Canada138.9 — — — 138.9 
South America— 276.0 — — 276.0 
Germany— — 348.4 — 348.4 
France— — 294.8 — 294.8 
United Kingdom and Ireland— — 167.0 — 167.0 
Finland and Scandinavia— — 221.2 — 221.2 
Other Europe— — 558.8 — 558.8 
Middle East and Algeria— — 45.0 — 45.0 
Africa— — — 36.1 36.1 
Asia— — — 116.6 116.6 
Australia and New Zealand— — — 78.4 78.4 
Mexico, Central America and Caribbean25.0 2.3 — — 27.3 
$734.7 $278.3 $1,635.2 $231.1 $2,879.3 
Major products:
Tractors$243.2 $126.3 $1,069.1 $96.1 $1,534.7 
Replacement parts122.4 33.5 298.2 25.4 479.5 
Grain storage and protein production systems158.0 32.1 56.9 68.8 315.8 
Combines, application equipment and other machinery211.1 86.5 210.9 40.8 549.3 
$734.7 $278.3 $1,635.2 $231.1 $2,879.3 
(1) Rounding may impact the summation of amounts.
    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 EastAsia/Pacific/Africa
Consolidated(1)
Primary geographical markets:
United States$447.4 $— $— $— $447.4 
Canada87.4 — — — 87.4 
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 Caribbean21.0 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 parts105.8 16.8 257.4 19.3 399.3 
Grain storage and protein production systems142.8 16.9 33.3 48.4 241.4 
Combines, application equipment and other machinery158.6 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 six months ended June 30, 2021 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North America (1)
South AmericaEurope/Middle EastAsia/Pacific/Africa
Consolidated (1)
Primary geographical markets:
United States$1,069.6 $— $— $— $1,069.6 
Canada230.5 — — — 230.5 
South America— 514.6 — — 514.6 
Germany— — 693.9 — 693.9 
France— — 510.3 — 510.3 
United Kingdom and Ireland— — 295.4 — 295.4 
Finland and Scandinavia— — 378.6 — 378.6 
Other Europe— — 982.3 — 982.3 
Middle East and Algeria— — 101.9 — 101.9 
Africa— — — 61.9 61.9 
Asia— — — 218.9 218.9 
Australia and New Zealand— — — 150.2 150.2 
Mexico, Central America and Caribbean45.8 4.2 — — 50.0 
$1,345.8 $518.8 $2,962.4 $431.0 $5,258.0 
Major products:
Tractors$433.5 $237.4 $1,950.5 $190.1 $2,811.5 
Replacement parts207.5 62.5 559.2 48.9 878.2 
Grain storage and protein production systems264.4 53.7 85.9 125.7 529.7 
Combines, application equipment and other machinery440.4 165.2 366.7 66.3 1,038.6 
$1,345.8 $518.8 $2,962.4 $431.0 $5,258.0 
(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 AmericaSouth America
Europe/Middle East(1)
Asia/Pacific/Africa(1)
Consolidated
Primary geographical markets:
United States$909.7 $— $— $— $909.7 
Canada154.2 — — — 154.2 
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 Caribbean43.8 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 parts178.0 36.8 458.0 36.6 709.4 
Grain storage and protein production systems239.6 38.8 60.8 77.4 416.6 
Combines, application equipment and other machinery373.1 79.9 266.9 35.4 755.3 
$1,107.7 $332.4 $2,238.3 $256.7 $3,935.1