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v3.22.4

Revenue Recognition (Notes) | 12 Months Ended
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Dec. 31, 2022
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer [Text Block] | Revenue Recognition The following table presents the Company's revenue into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors:
| Year Ended December 31, 2022 |  | Year Ended December 31, 2021
(in millions) | Propulsion |  | Parts & Accessories |  | Boat |  | Total |  | Propulsion |  | Parts & Accessories |  | Boat |  | Total
Geographic Markets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States | $ | 1,909.9 |  |  | $ | 1,562.1 |  |  | $ | 1,617.0 |  |  | $ | 5,089.0 |  |  | $ | 1,641.9 |  |  | $ | 1,383.7 |  |  | $ | 1,259.1 |  |  | $ | 4,284.7 |
Europe | 391.5 |  |  | 351.8 |  |  | 181.8 |  |  | 925.1 |  |  | 376.8 |  |  | 275.8 |  |  | 162.5 |  |  | 815.1 |
Asia-Pacific | 223.0 |  |  | 213.3 |  |  | 35.7 |  |  | 472.0 |  |  | 236.9 |  |  | 172.4 |  |  | 32.8 |  |  | 442.1 |
Canada | 114.2 |  |  | 128.6 |  |  | 251.7 |  |  | 494.5 |  |  | 102.0 |  |  | 117.1 |  |  | 217.1 |  |  | 436.2 |
Rest-of-World | 185.4 |  |  | 67.9 |  |  | 33.2 |  |  | 286.5 |  |  | 147.1 |  |  | 59.1 |  |  | 31.6 |  |  | 237.8 |
Segment Eliminations | (398.3) |  |  | (56.3) |  |  | (0.3) |  |  | (454.9) |  |  | (337.5) |  |  | (32.2) |  |  | — |  |  | (369.7) |
Total | $ | 2,425.7 |  |  | $ | 2,267.4 |  |  | $ | 2,119.1 |  |  | $ | 6,812.2 |  |  | $ | 2,167.2 |  |  | $ | 1,975.9 |  |  | $ | 1,703.1 |  |  | $ | 5,846.2 |
Major Product Lines |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outboard Engines | $ | 2,221.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,221.5 |  |  | $ | 1,935.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,935.1 |
Controls, Rigging, and Propellers | 382.1 |  |  | — |  |  | — |  |  | 382.1 |  |  | 352.4 |  |  | — |  |  | — |  |  | 352.4 |
Sterndrive Engines | 220.4 |  |  | — |  |  | — |  |  | 220.4 |  |  | 217.2 |  |  | — |  |  | — |  |  | 217.2 |
Distribution Parts and Accessories | — |  |  | 781.7 |  |  | — |  |  | 781.7 |  |  | — |  |  | 820.1 |  |  | — |  |  | 820.1 |
Engine Parts and Accessories | — |  |  | 524.7 |  |  | — |  |  | 524.7 |  |  | — |  |  | 551.5 |  |  | — |  |  | 551.5 |
Navico Group (A) | — |  |  | 1,017.3 |  |  | — |  |  | 1,017.3 |  |  | — |  |  | 636.5 |  |  | — |  |  | 636.5 |
Aluminum Freshwater Boats | — |  |  | — |  |  | 874.1 |  |  | 874.1 |  |  | — |  |  | — |  |  | 712.4 |  |  | 712.4 |
Recreational Fiberglass Boats | — |  |  | — |  |  | 727.4 |  |  | 727.4 |  |  | — |  |  | — |  |  | 571.6 |  |  | 571.6 |
Saltwater Fishing Boats | — |  |  | — |  |  | 404.3 |  |  | 404.3 |  |  | — |  |  | — |  |  | 371.9 |  |  | 371.9 |
Business Acceleration | — |  |  | — |  |  | 126.0 |  |  | 126.0 |  |  | — |  |  | — |  |  | 60.1 |  |  | 60.1 |
Boat Eliminations/Other | — |  |  | — |  |  | (12.4) |  |  | (12.4) |  |  | — |  |  | — |  |  | (12.9) |  |  | (12.9) |
Segment Eliminations | (398.3) |  |  | (56.3) |  |  | (0.3) |  |  | (454.9) |  |  | (337.5) |  |  | (32.2) |  |  | — |  |  | (369.7) |
Total | $ | 2,425.7 |  |  | $ | 2,267.4 |  |  | $ | 2,119.1 |  |  | $ | 6,812.2 |  |  | $ | 2,167.2 |  |  | $ | 1,975.9 |  |  | $ | 1,703.1 |  |  | $ | 5,846.2 |
(A) Navico Group was formed in 2022 and consists of the former Advanced Systems Group businesses and the three P&A businesses acquired in 2021: Navico, RELiON and SemahTronix.
| Year Ended December 31, 2020
(in millions) | Propulsion |  | Parts & Accessories |  | Boat |  | Total
Geographic Markets |  |  |  |  |  |  |
United States | $ | 1,207.8 |  |  | $ | 1,091.0 |  |  | $ | 957.5 |  |  | $ | 3,256.3 |
Europe | 255.2 |  |  | 180.5 |  |  | 128.5 |  |  | 564.2 |
Asia-Pacific | 240.4 |  |  | 117.9 |  |  | 27.7 |  |  | 386.0 |
Canada | 66.7 |  |  | 80.9 |  |  | 114.2 |  |  | 261.8 |
Rest-of-World | 108.3 |  |  | 38.5 |  |  | 22.4 |  |  | 169.2 |
Segment Eliminations | (263.1) |  |  | (26.9) |  |  | — |  |  | (290.0) |
Total | $ | 1,615.3 |  |  | $ | 1,481.9 |  |  | $ | 1,250.3 |  |  | $ | 4,347.5 |
Major Product Lines |  |  |  |  |  |  |
Outboard Engines | $ | 1,471.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,471.8 |
Controls, Rigging, and Propellers | 258.4 |  |  | — |  |  | — |  |  | 258.4 |
Sterndrive Engines | 148.2 |  |  | — |  |  | — |  |  | 148.2 |
Distribution Parts and Accessories | — |  |  | 664.2 |  |  | — |  |  | 664.2 |
Engine Parts and Accessories | — |  |  | 432.5 |  |  | — |  |  | 432.5 |
Navico Group (A) | — |  |  | 412.1 |  |  | — |  |  | 412.1 |
Aluminum Freshwater Boats | — |  |  | — |  |  | 488.5 |  |  | 488.5 |
Recreational Fiberglass Boats | — |  |  | — |  |  | 427.1 |  |  | 427.1 |
Saltwater Fishing Boats | — |  |  | — |  |  | 298.7 |  |  | 298.7 |
Business Acceleration | — |  |  | — |  |  | 40.5 |  |  | 40.5 |
Boat Eliminations/Other | — |  |  | — |  |  | (4.5) |  |  | (4.5) |
Segment Eliminations | (263.1) |  |  | (26.9) |  |  | — |  |  | (290.0) |
Total | $ | 1,615.3 |  |  | $ | 1,481.9 |  |  | $ | 1,250.3 |  |  | $ | 4,347.5 |
(A) Navico Group was formed in 2022 and consists of the former Advanced Systems Group businesses and the three P&A businesses acquired in 2021: Navico, RELiON and SemahTronix. As of January 1, 2022, $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 $42.9 million of this amount was recognized as revenue during year ended December 31, 2022. As of December 31, 2022, total contract liabilities were $178.5 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of December 31, 2022 is $170.1 million for contracts greater than one year, which includes extended warranties. The Company expects to recognize approximately $52.9 million of this amount in 2023 and $117.2 million thereafter. Contract assets as of January 1, 2022 and December 31, 2022 were not material. In addition, costs to obtain and fulfill contracts during the period were not material.

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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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