Revenue (Notes)

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Note 12 - Revenue

The following table presents details deemed most relevant to the users of the financial statements about total revenue for the three and nine months ended September 30, 2019 and 2018, respectively:



	Three Months Ended						Three Months Ended
	September 30, 2019						September 30, 2018
	Mobile		Process		Total		Mobile		Process		Total
United States	$	245.8	$	196.0	$	441.8	$	255.3	$	192.9	$	448.2
Americas excluding United States	54.7		41.1		95.8		51.6		42.9		94.5
Europe / Middle East / Africa	85.3		120.2		205.5		89.3		86.0		175.3
Asia-Pacific	69.3		101.6		170.9		68.0		95.3		163.3
Net sales	$	455.1	$	458.9	$	914.0	$	464.2	$	417.1	$	881.3



	Nine Months Ended						Nine Months Ended
	September 30, 2019						September 30, 2018
	Mobile		Process		Total		Mobile		Process		Total
United States	$	778.1	$	632.6	$	1,410.7	$	774.4	$	561.5	$	1,335.9
Americas excluding United States	160.4		125.5		285.9		160.3		132.0		292.3
Europe / Middle East / Africa	288.2		374.3		662.5		292.5		266.4		558.9
Asia-Pacific	222.1		312.5		534.6		214.6		269.0		483.6
Net sales	$	1,448.8	$	1,444.9	$	2,893.7	$	1,441.8	$	1,228.9	$	2,670.7

When reviewing revenue by sales channel, the Company separates net sales to original equipment manufacturers from sales to distributors and end users. The following table presents the percent of revenue by sales channel for the nine months ended September 30, 2019 and 2018, respectively:



	Nine Months Ended	Nine Months Ended
Revenue by sales channel	September 30, 2019	September 30, 2018
Original equipment manufacturers	56%	58%
Distribution/end users	44%	42%

In addition to disaggregating revenue by segment and geography and by sales channel as shown above, the Company believes information about the timing of transfer of goods or services, type of customer and distinguishing service revenue from product sales is also relevant. During the nine months ended September 30, 2019 and September 30, 2018, approximately 11% and 9%, respectively, of total net sales were recognized on an over-time basis because of the continuous transfer of control to the customer, with the remainder recognized as of a point in time. The payment terms with the U.S. government or its contractors, which represented approximately 8% and 7% of total net sales during the nine months ended September 30, 2019 and September 30, 2018, respectively, differ from those of non-government customers. Finally, approximately 5% and 6% of total net sales represented service revenue during the nine months ended September 30, 2019 and September 30, 2018, respectively.

Remaining Performance Obligations:

Remaining performance obligations represent the transaction price of orders meeting the definition of a contract for which work has not been performed and excludes unexercised contract options. Performance obligations having a duration of more than one year are concentrated in contracts for certain products and services provided to the U.S. government or its contractors. The aggregate amount of the transaction price allocated to remaining performance obligations for such contracts with a duration of more than one year was approximately $231 million at September 30, 2019.

Unbilled Receivables:

The following table contains a rollforward of unbilled receivables for the nine months ended September 30, 2019:



	September 30, 2019
Beginning balance, January 1	$	116.6
Additional unbilled revenue recognized	320.0
Less: amounts billed to customers	(285.0		)
Ending balance	$	151.6

There were no impairment losses recorded on unbilled receivables for the nine months ended September 30, 2019.