XML 52 R42.htm IDEA: XBRL DOCUMENT v3.21.2
Revenue (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2021 and 2020 were as follows (in millions):
Three Months Ended September 30,
20212020
Balance at beginning of period$201.2 $118.7 
Advance consideration received54.7 57.6 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(18.8)(11.5)
Revenue recognized during the period related to grain storage and protein production systems(24.2)(24.6)
Foreign currency translation(3.5)4.7 
Balance at September 30$209.4 $144.9 
Nine Months Ended September 30,
20212020
Balance at beginning of period$172.0 $104.0 
Advance consideration received170.8 127.2 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(45.1)(33.6)
Revenue recognized during the period related to grain storage and protein production systems(84.0)(53.6)
Foreign currency translation(4.3)0.9 
Balance at September 30$209.4 $144.9 
Disaggregation of Revenue Net sales for the three months ended September 30, 2021 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(1)
Consolidated
Primary geographical markets:
United States$506.6 $— $— $— $506.6 
Canada101.6 — — — 101.6 
South America— 379.8 — — 379.8 
Germany— — 294.3 — 294.3 
France— — 258.1 — 258.1 
United Kingdom and Ireland— — 155.5 — 155.5 
Finland and Scandinavia— — 196.3 — 196.3 
Other Europe— — 508.2 — 508.2 
Middle East and Algeria— — 50.0 — 50.0 
Africa— — — 37.6 37.6 
Asia— — — 99.9 99.9 
Australia and New Zealand— — — 103.2 103.2 
Mexico, Central America and Caribbean30.5 3.5 — — 34.0 
$638.7 $383.3 $1,462.4 $240.7 $2,725.1 
Major products:
Tractors$227.5 $202.8 $1,016.8 $105.7 $1,552.8 
Replacement parts98.0 37.2 279.9 28.1 443.2 
Grain storage and protein production systems154.0 42.3 45.7 48.0 290.0 
Combines, application equipment and other machinery159.2 100.9 120.0 59.0 439.1 
$638.7 $383.3 $1,462.4 $240.7 $2,725.1 
(1) Rounding may impact the summation of amounts.
    Net sales for the three months ended September 30, 2020 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$463.9 $— $— $— $463.9 
Canada98.2 — — — 98.2 
South America— 271.6 — — 271.6 
Germany— — 387.0 — 387.0 
France— — 261.8 — 261.8 
United Kingdom and Ireland— — 131.3 — 131.3 
Finland and Scandinavia— — 189.3 — 189.3 
Other Europe— — 397.5 — 397.5 
Middle East and Algeria— — 39.0 — 39.0 
Africa— — — 15.8 15.8 
Asia— — — 109.9 109.9 
Australia and New Zealand— — — 109.8 109.8 
Mexico, Central America and Caribbean20.1 2.3 — — 22.4 
$582.2 $273.9 $1,405.9 $235.5 $2,497.5 
Major products:
Tractors$198.4 $154.3 $1,033.5 $82.5 $1,468.7 
Replacement parts94.8 22.8 249.6 23.6 390.8 
Grain storage and protein production systems152.0 16.7 29.3 67.3 265.3 
Combines, application equipment and other machinery137.0 80.1 93.5 62.1 372.7 
$582.2 $273.9 $1,405.9 $235.5 $2,497.5 
    Net sales for the nine months ended September 30, 2021 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(1)
Consolidated
Primary geographical markets:
United States$1,576.2 $— $— $— $1,576.2 
Canada332.0 — — — 332.0 
South America— 894.4 — — 894.4 
Germany— — 988.2 — 988.2 
France— — 768.4 — 768.4 
United Kingdom and Ireland— — 450.9 — 450.9 
Finland and Scandinavia— — 574.9 — 574.9 
Other Europe— — 1,490.5 — 1,490.5 
Middle East and Algeria— — 151.9 — 151.9 
Africa— — — 99.5 99.5 
Asia— — — 318.8 318.8 
Australia and New Zealand— — — 253.4 253.4 
Mexico, Central America and Caribbean76.3 7.7 — — 84.0 
$1,984.5 $902.1 $4,424.8 $671.7 $7,983.1 
Major products:
Tractors$661.0 $440.2 $2,967.3 $295.8 $4,364.3 
Replacement parts305.5 99.7 839.2 77.0 1,321.4 
Grain storage and protein production systems418.4 96.0 131.6 173.7 819.7 
Combines, application equipment and other machinery599.6 266.1 486.7 125.3 1,477.7 
$1,984.5 $902.1 $4,424.8 $671.7 $7,983.1 
(1) Rounding may impact the summation of amounts.
    Net sales for the nine months ended September 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$1,373.6 $— $— $— $1,373.6 
Canada252.4 — — — 252.4 
South America— 600.8 — — 600.8 
Germany— — 981.4 — 981.4 
France— — 697.5 — 697.5 
United Kingdom and Ireland— — 354.9 — 354.9 
Finland and Scandinavia— — 466.2 — 466.2 
Other Europe— — 1,047.1 — 1,047.1 
Middle East and Algeria— — 97.1 — 97.1 
Africa— — — 31.8 31.8 
Asia— — — 243.8 243.8 
Australia and New Zealand— — — 216.6 216.6 
Mexico, Central America and Caribbean63.9 5.5 — — 69.4 
$1,689.9 $606.3 $3,644.2 $492.2 $6,432.6 
Major products:
Tractors$515.4 $331.2 $2,486.0 $189.9 $3,522.5 
Replacement parts272.8 59.6 707.6 60.2 1,100.2 
Grain storage and protein production systems391.6 55.5 90.1 144.7 681.9 
Combines, application equipment and other machinery510.1 160.0 360.4 97.5 1,128.0 
$1,689.9 $606.3 $3,644.2 $492.2 $6,432.6 
(1) Rounding may impact the summation of amounts.