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Revenue
 6 Months Ended
Jun. 30, 2022
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 and six months ended June 30, 2022 and 2021 were as follows (in millions):
Three Months Ended June 30,
20222021
Balance at beginning of period$232.4 $186.3 
Advance consideration received31.5 59.0 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(20.4)(13.3)
Revenue recognized during the period related to grain storage and protein production systems(13.9)(32.6)
Foreign currency translation(11.9)1.8 
Balance at June 30$217.7 $201.2 
Six Months Ended June 30,
20222021
Balance at beginning of period$226.2 $172.0 
Advance consideration received74.5 116.1 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(39.0)(26.3)
Revenue recognized during the period related to grain storage and protein production systems(28.5)(59.8)
Foreign currency translation(15.5)(0.8)
Balance at June 30$217.7 $201.2 

    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. During the three and six months ended June 30, 2022, we recognized approximately $28.3 million and $52.4 million, respectively, of revenue that was recorded as a contract liability at the beginning of 2022. During the three and six months ended June 30, 2021, we recognized approximately $17.4 million and $43.2 million, respectively, of revenue that was recorded as a contract liability at the beginning of 2021.

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 June 30, 2022 are $42.3 million for the remainder of 2022, $68.8 million in 2023, $44.4 million in 2024, $21.7 million in 2025 and $13.0 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 June 30, 2022 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North AmericaSouth America
Europe/Middle East(1)
Asia/Pacific/Africa
Consolidated(1)
Primary geographical markets:
United States$583.4 $— $— $— $583.4 
Canada125.8 — — — 125.8 
South America— 515.5 — — 515.5 
Germany— — 288.1 — 288.1 
France— — 257.6 — 257.6 
United Kingdom and Ireland— — 157.8 — 157.8 
Finland and Scandinavia— — 196.1 — 196.1 
Other Europe— — 521.3 — 521.3 
Middle East and Algeria— — 46.6 — 46.6 
Africa— — — 34.5 34.5 
Asia— — — 97.3 97.3 
Australia and New Zealand— — — 86.7 86.7 
Mexico, Central America and Caribbean30.7 3.7 — — 34.4 
$739.9 $519.2 $1,467.6 $218.5 $2,945.2 
Major products:
Tractors$263.4 $291.3 $976.5 $112.4 $1,643.6 
Replacement parts119.5 36.6 270.8 23.1 450.0 
Grain storage and protein production systems155.5 41.6 45.7 43.6 286.4 
Combines, application equipment and other machinery201.5 149.7 174.5 39.4 565.1 
$739.9 $519.2 $1,467.6 $218.5 $2,945.2 
(1) Rounding may impact the summation of amounts.
    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 six months ended June 30, 2022 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North America(1)
South America
Europe/Middle East(1)
Asia/Pacific/AfricaConsolidated
Primary geographical markets:
United States$1,153.7 $— $— $— $1,153.7 
Canada226.9 — — — 226.9 
South America— 868.4 — — 868.4 
Germany— — 605.3 — 605.3 
France— — 529.2 — 529.2 
United Kingdom and Ireland— — 303.2 — 303.2 
Finland and Scandinavia— — 393.1 — 393.1 
Other Europe— — 959.9 — 959.9 
Middle East and Algeria— — 80.0 — 80.0 
Africa— — — 70.5 70.5 
Asia— — — 201.9 201.9 
Australia and New Zealand— — — 171.3 171.3 
Mexico, Central America and Caribbean60.3 7.2 — — 67.5 
$1,440.9 $875.6 $2,870.7 $443.7 $5,630.9 
Major products:
Tractors$515.3 $497.9 $1,891.6 $237.8 $3,142.6 
Replacement parts214.1 74.8 556.8 49.8 895.5 
Grain storage and protein production systems286.7 81.6 77.0 81.1 526.4 
Combines, application equipment and other machinery424.9 221.3 345.2 75.0 1,066.4 
$1,440.9 $875.6 $2,870.7 $443.7 $5,630.9 
(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 America
Europe/Middle East(1)
Asia/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.