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v3.22.2

Revenue Recognition (Notes) | 6 Months Ended
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Jul. 02, 2022
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer [Text Block] | Revenue Recognition The following table presents the Company's revenue in categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors:
| Three Months Ended
| July 2, 2022 |  | July 3, 2021
(in millions) | Propulsion |  | Parts & Accessories |  | Boat |  | Total |  | Propulsion |  | Parts & Accessories |  | Boat |  | Total
Geographic Markets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States | $ | 483.6 |  |  | $ | 444.3 |  |  | $ | 423.1 |  |  | $ | 1,351.0 |  |  | $ | 404.4 |  |  | $ | 391.7 |  |  | $ | 314.1 |  |  | $ | 1,110.2 |
Europe | 118.4 |  |  | 99.6 |  |  | 56.0 |  |  | 274.0 |  |  | 119.7 |  |  | 69.9 |  |  | 52.5 |  |  | 242.1 |
Asia-Pacific | 59.5 |  |  | 52.2 |  |  | 7.5 |  |  | 119.2 |  |  | 66.6 |  |  | 39.9 |  |  | 7.3 |  |  | 113.8 |
Canada | 24.5 |  |  | 39.1 |  |  | 70.4 |  |  | 134.0 |  |  | 24.1 |  |  | 34.2 |  |  | 66.8 |  |  | 125.1 |
Rest-of-World | 48.2 |  |  | 16.3 |  |  | 11.4 |  |  | 75.9 |  |  | 34.7 |  |  | 13.2 |  |  | 8.4 |  |  | 56.3 |
Segment Eliminations | (102.3) |  |  | (16.0) |  |  | (0.2) |  |  | (118.5) |  |  | (85.6) |  |  | (7.1) |  |  | — |  |  | (92.7) |
Total | $ | 631.9 |  |  | $ | 635.5 |  |  | $ | 568.2 |  |  | $ | 1,835.6 |  |  | $ | 563.9 |  |  | $ | 541.8 |  |  | $ | 449.1 |  |  | $ | 1,554.8 |
| Six Months Ended
| July 2, 2022 |  | July 3, 2021
(in millions) | Propulsion |  | Parts & Accessories |  | Boat |  | Total |  | Propulsion |  | Parts & Accessories |  | Boat |  | Total
Geographic Markets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States | $ | 936.3 |  |  | $ | 851.8 |  |  | $ | 791.5 |  |  | $ | 2,579.6 |  |  | $ | 825.7 |  |  | $ | 704.0 |  |  | $ | 626.7 |  |  | $ | 2,156.4 |
Europe | 231.8 |  |  | 207.6 |  |  | 101.6 |  |  | 541.0 |  |  | 228.7 |  |  | 133.4 |  |  | 94.1 |  |  | 456.2 |
Asia-Pacific | 122.8 |  |  | 105.1 |  |  | 16.6 |  |  | 244.5 |  |  | 132.3 |  |  | 82.4 |  |  | 14.0 |  |  | 228.7 |
Canada | 57.7 |  |  | 69.6 |  |  | 132.6 |  |  | 259.9 |  |  | 49.3 |  |  | 59.6 |  |  | 115.2 |  |  | 224.1 |
Rest-of-World | 91.5 |  |  | 35.2 |  |  | 18.9 |  |  | 145.6 |  |  | 71.3 |  |  | 29.1 |  |  | 18.6 |  |  | 119.0 |
Segment Eliminations | (211.5) |  |  | (27.6) |  |  | (0.2) |  |  | (239.3) |  |  | (180.5) |  |  | (15.9) |  |  | — |  |  | (196.4) |
Total | $ | 1,228.6 |  |  | $ | 1,241.7 |  |  | $ | 1,061.0 |  |  | $ | 3,531.3 |  |  | $ | 1,126.8 |  |  | $ | 992.6 |  |  | $ | 868.6 |  |  | $ | 2,988.0 |
| Three Months Ended
| July 2, 2022 |  | July 3, 2021
(in millions) | Propulsion |  | Parts & Accessories |  | Boat |  | Total |  | Propulsion |  | Parts & Accessories |  | Boat |  | Total
Major Product Lines |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outboard Engines | $ | 565.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 565.8 |  |  | $ | 494.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 494.2 |
Controls, Rigging, and Propellers | 106.4 |  |  | — |  |  | — |  |  | 106.4 |  |  | 96.1 |  |  | — |  |  | — |  |  | 96.1 |
Sterndrive Engines | 62.0 |  |  | — |  |  | — |  |  | 62.0 |  |  | 59.2 |  |  | — |  |  | — |  |  | 59.2 |
Distribution Parts and Accessories | — |  |  | 231.4 |  |  | — |  |  | 231.4 |  |  | — |  |  | 255.2 |  |  | — |  |  | 255.2 |
Engine Parts and Accessories | — |  |  | 146.7 |  |  | — |  |  | 146.7 |  |  | — |  |  | 155.4 |  |  | — |  |  | 155.4 |
Advanced Systems Group | — |  |  | 159.2 |  |  | — |  |  | 159.2 |  |  | — |  |  | 138.3 |  |  | — |  |  | 138.3 |
Navico | — |  |  | 114.2 |  |  | — |  |  | 114.2 |  |  | — |  |  | — |  |  | — |  |  | — |
Aluminum Freshwater Boats | — |  |  | — |  |  | 237.4 |  |  | 237.4 |  |  | — |  |  | — |  |  | 190.1 |  |  | 190.1 |
Recreational Fiberglass Boats | — |  |  | — |  |  | 187.4 |  |  | 187.4 |  |  | — |  |  | — |  |  | 154.2 |  |  | 154.2 |
Saltwater Fishing Boats | — |  |  | — |  |  | 110.3 |  |  | 110.3 |  |  | — |  |  | — |  |  | 93.0 |  |  | 93.0 |
Business Acceleration | — |  |  | — |  |  | 35.8 |  |  | 35.8 |  |  | — |  |  | — |  |  | 15.3 |  |  | 15.3 |
Boat Eliminations/Other | — |  |  | — |  |  | (2.5) |  |  | (2.5) |  |  | — |  |  | — |  |  | (3.5) |  |  | (3.5) |
Segment Eliminations | (102.3) |  |  | (16.0) |  |  | (0.2) |  |  | (118.5) |  |  | (85.6) |  |  | (7.1) |  |  | — |  |  | (92.7) |
Total | $ | 631.9 |  |  | $ | 635.5 |  |  | $ | 568.2 |  |  | $ | 1,835.6 |  |  | $ | 563.9 |  |  | $ | 541.8 |  |  | $ | 449.1 |  |  | $ | 1,554.8 |
| Six Months Ended
| July 2, 2022 |  | July 3, 2021
(in millions) | Propulsion |  | Parts & Accessories |  | Boat |  | Total |  | Propulsion |  | Parts & Accessories |  | Boat |  | Total
Major Product Lines |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outboard Engines | $ | 1,111.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,111.9 |  |  | $ | 998.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 998.7 |
Controls, Rigging, and Propellers | 204.9 |  |  | — |  |  | — |  |  | 204.9 |  |  | 191.0 |  |  | — |  |  | — |  |  | 191.0 |
Sterndrive Engines | 123.3 |  |  | — |  |  | — |  |  | 123.3 |  |  | 117.6 |  |  | — |  |  | — |  |  | 117.6 |
Distribution Parts and Accessories | — |  |  | 434.9 |  |  | — |  |  | 434.9 |  |  | — |  |  | 455.8 |  |  | — |  |  | 455.8 |
Engine Parts and Accessories | — |  |  | 272.3 |  |  | — |  |  | 272.3 |  |  | — |  |  | 279.6 |  |  | — |  |  | 279.6 |
Advanced Systems Group | — |  |  | 311.1 |  |  | — |  |  | 311.1 |  |  | — |  |  | 273.1 |  |  | — |  |  | 273.1 |
Navico | — |  |  | 251.0 |  |  | — |  |  | 251.0 |  |  | — |  |  | — |  |  | — |  |  | — |
Aluminum Freshwater Boats | — |  |  | — |  |  | 458.0 |  |  | 458.0 |  |  | — |  |  | — |  |  | 367.9 |  |  | 367.9 |
Recreational Fiberglass Boats | — |  |  | — |  |  | 351.8 |  |  | 351.8 |  |  | — |  |  | — |  |  | 289.6 |  |  | 289.6 |
Saltwater Fishing Boats | — |  |  | — |  |  | 199.5 |  |  | 199.5 |  |  | — |  |  | — |  |  | 189.8 |  |  | 189.8 |
Business Acceleration | — |  |  | — |  |  | 55.4 |  |  | 55.4 |  |  | — |  |  | — |  |  | 28.0 |  |  | 28.0 |
Boat Eliminations/Other | — |  |  | — |  |  | (3.5) |  |  | (3.5) |  |  | — |  |  | — |  |  | (6.7) |  |  | (6.7) |
Segment Eliminations | (211.5) |  |  | (27.6) |  |  | (0.2) |  |  | (239.3) |  |  | (180.5) |  |  | (15.9) |  |  | — |  |  | (196.4) |
Total | $ | 1,228.6 |  |  | $ | 1,241.7 |  |  | $ | 1,061.0 |  |  | $ | 3,531.3 |  |  | $ | 1,126.8 |  |  | $ | 992.6 |  |  | $ | 868.6 |  |  | $ | 2,988.0 |
As of December 31, 2021, $142.1 million of contract liabilities associated with extended warranties and customer deposits were reported in Accrued expenses and Other Long-term liabilities, of which $10.5 million and $24.8 million were recognized as revenue during the three and six months ended July 2, 2022, respectively. As of July 2, 2022, total contract liabilities were $181.2 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of July 2, 2022 was $168.9 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $29.2 million of this amount in the second half of 2022, $50.2 million in 2023, and $89.5 million thereafter.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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