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v3.25.2

Revenue Recognition (Notes) | 6 Months Ended
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Jun. 28, 2025
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer [Text Block] | Revenue Recognition The following tables present 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
| June 28, 2025
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Total
Geographic Markets |  |  |  |  |  |  |  |  |
United States | $ | 374.4 |  |  | $ | 246.4 |  |  | $ | 113.9 |  |  | $ | 327.4 |  |  | $ | 1,062.1 |
Europe | 100.6 |  |  | 33.7 |  |  | 59.2 |  |  | 32.8 |  |  | 226.3 |
Asia-Pacific | 48.3 |  |  | 23.2 |  |  | 18.3 |  |  | 3.9 |  |  | 93.7 |
Canada | 17.9 |  |  | 21.8 |  |  | 4.6 |  |  | 35.7 |  |  | 80.0 |
Rest-of-World | 57.0 |  |  | 12.7 |  |  | 6.3 |  |  | 5.8 |  |  | 81.8 |
Segment Eliminations | (73.2) |  |  | (1.9) |  |  | (21.6) |  |  | (0.2) |  |  | (96.9) |
Total | $ | 525.0 |  |  | $ | 335.9 |  |  | $ | 180.7 |  |  | $ | 405.4 |  |  | $ | 1,447.0 |
| Three Months Ended
| June 29, 2024
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Total
Geographic Markets |  |  |  |  |  |  |  |  |
United States | $ | 350.6 |  |  | $ | 245.5 |  |  | $ | 125.5 |  |  | $ | 337.5 |  |  | $ | 1,059.1 |
Europe | 97.1 |  |  | 32.1 |  |  | 59.4 |  |  | 34.5 |  |  | 223.1 |
Asia-Pacific | 43.5 |  |  | 22.8 |  |  | 17.0 |  |  | 5.2 |  |  | 88.5 |
Canada | 14.2 |  |  | 22.0 |  |  | 3.6 |  |  | 43.6 |  |  | 83.4 |
Rest-of-World | 52.6 |  |  | 13.7 |  |  | 4.6 |  |  | 13.4 |  |  | 84.3 |
Segment Eliminations | (71.5) |  |  | (2.0) |  |  | (21.0) |  |  | — |  |  | (94.5) |
Total | $ | 486.5 |  |  | $ | 334.1 |  |  | $ | 189.1 |  |  | $ | 434.2 |  |  | $ | 1,443.9 |
| Six Months Ended
| June 28, 2025
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Total
Geographic Markets |  |  |  |  |  |  |  |  |
United States | $ | 674.6 |  |  | $ | 427.4 |  |  | $ | 238.9 |  |  | $ | 626.3 |  |  | $ | 1,967.2 |
Europe | 183.2 |  |  | 58.3 |  |  | 117.7 |  |  | 62.2 |  |  | 421.4 |
Asia-Pacific | 88.3 |  |  | 47.8 |  |  | 33.4 |  |  | 7.8 |  |  | 177.3 |
Canada | 34.9 |  |  | 34.7 |  |  | 9.0 |  |  | 70.8 |  |  | 149.4 |
Rest-of-World | 104.2 |  |  | 24.9 |  |  | 11.5 |  |  | 10.6 |  |  | 151.2 |
Segment Eliminations | (146.5) |  |  | (4.3) |  |  | (46.3) |  |  | (0.6) |  |  | (197.7) |
Total | $ | 938.7 |  |  | $ | 588.8 |  |  | $ | 364.2 |  |  | $ | 777.1 |  |  | $ | 2,668.8 |
| Six Months Ended
| June 29, 2024
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Total
Geographic Markets |  |  |  |  |  |  |  |  |
United States | $ | 729.3 |  |  | $ | 425.0 |  |  | $ | 249.0 |  |  | $ | 671.2 |  |  | $ | 2,074.5 |
Europe | 184.1 |  |  | 59.5 |  |  | 121.1 |  |  | 74.5 |  |  | 439.2 |
Asia-Pacific | 87.3 |  |  | 48.2 |  |  | 33.0 |  |  | 10.7 |  |  | 179.2 |
Canada | 30.2 |  |  | 37.2 |  |  | 7.8 |  |  | 81.1 |  |  | 156.3 |
Rest-of-World | 105.3 |  |  | 28.6 |  |  | 10.1 |  |  | 22.4 |  |  | 166.4 |
Segment Eliminations | (153.9) |  |  | (3.7) |  |  | (49.1) |  |  | — |  |  | (206.7) |
Total | $ | 982.3 |  |  | $ | 594.8 |  |  | $ | 371.9 |  |  | $ | 859.9 |  |  | $ | 2,808.9 |
| Three Months Ended
| June 28, 2025
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Total
Major Product Lines |  |  |  |  |  |  |  |  |
Outboard Engines | $ | 468.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 468.0 |
Controls, Rigging, and Propellers | 93.9 |  |  | — |  |  | — |  |  | — |  |  | 93.9 |
Sterndrive Engines | 36.3 |  |  | — |  |  | — |  |  | — |  |  | 36.3 |
Distribution | — |  |  | 202.7 |  |  | — |  |  | — |  |  | 202.7 |
Products | — |  |  | 135.1 |  |  | — |  |  | — |  |  | 135.1 |
Navico Group | — |  |  | — |  |  | 202.3 |  |  | — |  |  | 202.3 |
Aluminum Freshwater Boats | — |  |  | — |  |  | — |  |  | 151.0 |  |  | 151.0 |
Recreational Fiberglass Boats | — |  |  | — |  |  | — |  |  | 123.7 |  |  | 123.7 |
Saltwater Fishing Boats | — |  |  | — |  |  | — |  |  | 92.7 |  |  | 92.7 |
Business Acceleration | — |  |  | — |  |  | — |  |  | 54.4 |  |  | 54.4 |
Boat Eliminations/Other | — |  |  | — |  |  | — |  |  | (16.2) |  |  | (16.2) |
Segment Eliminations | (73.2) |  |  | (1.9) |  |  | (21.6) |  |  | (0.2) |  |  | (96.9) |
Total | $ | 525.0 |  |  | $ | 335.9 |  |  | $ | 180.7 |  |  | $ | 405.4 |  |  | $ | 1,447.0 |
| Three Months Ended
| June 29, 2024
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Total
Major Product Lines |  |  |  |  |  |  |  |  |
Outboard Engines | $ | 423.1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 423.1 |
Controls, Rigging, and Propellers | 100.6 |  |  | — |  |  | — |  |  | — |  |  | 100.6 |
Sterndrive Engines | 34.3 |  |  | — |  |  | — |  |  | — |  |  | 34.3 |
Distribution | — |  |  | 195.8 |  |  | — |  |  | — |  |  | 195.8 |
Products | — |  |  | 140.3 |  |  | — |  |  | — |  |  | 140.3 |
Navico Group | — |  |  | — |  |  | 210.1 |  |  | — |  |  | 210.1 |
Aluminum Freshwater Boats | — |  |  | — |  |  | — |  |  | 148.2 |  |  | 148.2 |
Recreational Fiberglass Boats | — |  |  | — |  |  | — |  |  | 132.4 |  |  | 132.4 |
Saltwater Fishing Boats | — |  |  | — |  |  | — |  |  | 110.0 |  |  | 110.0 |
Business Acceleration | — |  |  | — |  |  | — |  |  | 54.6 |  |  | 54.6 |
Boat Eliminations/Other | — |  |  | — |  |  | — |  |  | (11.0) |  |  | (11.0) |
Segment Eliminations | (71.5) |  |  | (2.0) |  |  | (21.0) |  |  | — |  |  | (94.5) |
Total | $ | 486.5 |  |  | $ | 334.1 |  |  | $ | 189.1 |  |  | $ | 434.2 |  |  | $ | 1,443.9 |
| Six Months Ended
| June 28, 2025
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Total
Major Product Lines |  |  |  |  |  |  |  |  |
Outboard Engines | $ | 844.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 844.5 |
Controls, Rigging, and Propellers | 174.1 |  |  | — |  |  | — |  |  | — |  |  | 174.1 |
Sterndrive Engines | 66.6 |  |  | — |  |  | — |  |  | — |  |  | 66.6 |
Distribution | — |  |  | 358.1 |  |  | — |  |  | — |  |  | 358.1 |
Products | — |  |  | 235.0 |  |  | — |  |  | — |  |  | 235.0 |
Navico Group | — |  |  | — |  |  | 410.5 |  |  | — |  |  | 410.5 |
Aluminum Freshwater Boats | — |  |  | — |  |  | — |  |  | 291.7 |  |  | 291.7 |
Recreational Fiberglass Boats | — |  |  | — |  |  | — |  |  | 240.9 |  |  | 240.9 |
Saltwater Fishing Boats | — |  |  | — |  |  | — |  |  | 173.5 |  |  | 173.5 |
Business Acceleration | — |  |  | — |  |  | — |  |  | 106.0 |  |  | 106.0 |
Boat Eliminations/Other | — |  |  | — |  |  | — |  |  | (34.4) |  |  | (34.4) |
Segment Eliminations | (146.5) |  |  | (4.3) |  |  | (46.3) |  |  | (0.6) |  |  | (197.7) |
Total | $ | 938.7 |  |  | $ | 588.8 |  |  | $ | 364.2 |  |  | $ | 777.1 |  |  | $ | 2,668.8 |
| Six Months Ended
| June 29, 2024
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Total
Major Product Lines |  |  |  |  |  |  |  |  |
Outboard Engines | $ | 873.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 873.6 |
Controls, Rigging, and Propellers | 191.0 |  |  | — |  |  | — |  |  | — |  |  | 191.0 |
Sterndrive Engines | 71.6 |  |  | — |  |  | — |  |  | — |  |  | 71.6 |
Distribution | — |  |  | 348.2 |  |  | — |  |  | — |  |  | 348.2 |
Products | — |  |  | 250.3 |  |  | — |  |  | — |  |  | 250.3 |
Navico Group | — |  |  | — |  |  | 421.0 |  |  | — |  |  | 421.0 |
Aluminum Freshwater Boats | — |  |  | — |  |  | — |  |  | 298.4 |  |  | 298.4 |
Recreational Fiberglass Boats | — |  |  | — |  |  | — |  |  | 267.7 |  |  | 267.7 |
Saltwater Fishing Boats | — |  |  | — |  |  | — |  |  | 217.2 |  |  | 217.2 |
Business Acceleration | — |  |  | — |  |  | — |  |  | 103.8 |  |  | 103.8 |
Boat Eliminations/Other | — |  |  | — |  |  | — |  |  | (27.2) |  |  | (27.2) |
Segment Eliminations | (153.9) |  |  | (3.7) |  |  | (49.1) |  |  | — |  |  | (206.7) |
Total | $ | 982.3 |  |  | $ | 594.8 |  |  | $ | 371.9 |  |  | $ | 859.9 |  |  | $ | 2,808.9 |
As of December 31, 2024, $191.2 million of contract liabilities associated with extended warranties, deferred revenue and customer deposits were reported in Accrued expenses and Other long-term liabilities, of which $37.5 million were recognized as revenue during the six months ended June 28, 2025. As of June 28, 2025, total contract liabilities were $199.9 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of June 28, 2025 was $196.5 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $38.6 million of this amount in 2025, $48.0 million in 2026, and $109.9 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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