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Revenue
 3 Months Ended
Mar. 31, 2023
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, 2023 and 2022 were as follows (in millions):
Three Months Ended March 31,
20232022
Balance at beginning of period$239.0 $226.2 
Advance consideration received58.5 43.0 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(24.9)(18.6)
Revenue recognized during the period related to grain storage and protein production systems(16.0)(14.6)
Foreign currency translation3.0 (3.6)
Balance at March 31$259.6 $232.4 

    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 months ended March 31, 2023, the Company recognized approximately $35.7 million of revenue that was recorded as a contract liability at the beginning of 2023. During the three months ended March 31, 2022, the Company recognized approximately $24.0 million of revenue that was recorded as a contract liability at the beginning of 2022.

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, 2023 are $86.6 million for the remainder of 2023, $75.2 million in 2024, $45.5 million in 2025, $22.2 million in 2026 and $11.5 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, 2023 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North America
South America(1)
Europe/Middle East(1)
Asia/Pacific/AfricaConsolidated
Primary geographical markets:
United States$760.1 $— $— $— $760.1 
Canada127.9 — — — 127.9 
Brazil425.4 425.4 
Other South America— 73.7 — — 73.7 
Germany— — 395.4 — 395.4 
France— — 301.4 — 301.4 
United Kingdom and Ireland— — 174.9 — 174.9 
Finland and Scandinavia— — 180.0 — 180.0 
Italy92.2 92.2 
Other Europe— — 444.3 — 444.3 
Middle East and Algeria— — 115.6 — 115.6 
Africa— — — 30.4 30.4 
Asia— — — 86.7 86.7 
Australia and New Zealand— — — 85.7 85.7 
Mexico, Central America and Caribbean35.1 4.7 — — 39.8 
$923.1 $503.8 $1,703.8 $202.8 $3,333.5 
Major products:
Tractors$312.1 $283.0 $1,205.7 $107.2 $1,908.0 
Replacement parts101.8 43.4 283.2 27.3 455.7 
Grain storage and protein production systems147.1 40.7 34.1 34.0 255.9 
Combines, application equipment and other machinery362.1 136.8 180.7 34.3 713.9 
$923.1 $503.8 $1,703.8 $202.8 $3,333.5 
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(1) Rounding may impact the summation of amounts.
    Net sales for the three months ended March 31, 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$570.3 $— $— $— $570.3 
Canada101.1 — — — 101.1 
Brazil273.8 273.8 
Other South America— 79.1 — — 79.1 
Germany— — 317.2 — 317.2 
France— — 271.6 — 271.6 
United Kingdom and Ireland— — 145.4 — 145.4 
Finland and Scandinavia— — 197.0 — 197.0 
Italy71.4 71.4 
Other Europe— — 367.2 — 367.2 
Middle East and Algeria— — 33.4 — 33.4 
Africa— — — 36.0 36.0 
Asia— — — 104.6 104.6 
Australia and New Zealand— — — 84.6 84.6 
Mexico, Central America and Caribbean29.6 3.5 — — 33.1 
$701.0 $356.4 $1,403.1 $225.2 $2,685.7 
Major products:
Tractors$251.9 $206.6 $915.1 $125.4 $1,499.0 
Replacement parts94.6 38.2 286.1 26.7 445.6 
Grain storage and protein production systems131.1 40.0 31.3 37.5 239.9 
Combines, application equipment and other machinery223.4 71.6 170.6 35.6 501.2 
$701.0 $356.4 $1,403.1 $225.2 $2,685.7 
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(1) Rounding may impact the summation of amounts.