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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue | The following table provides information about disaggregated revenue by major geographical region:
| Three Months Ended March 31, |  |
(in Millions) | 2021 |  | 2020 |  |  |  |
North America | $ | 301.0 |  |  | $ | 327.6 |  |  |  |  |
Latin America | 203.2 |  |  | 259.2 |  |  |  |  |
Europe, Middle East & Africa (EMEA) | 399.4 |  |  | 415.3 |  |  |  |  |
Asia | 292.0 |  |  | 247.9 |  |  |  |  |
Total Revenue | $ | 1,195.6 |  |  | $ | 1,250.0 |  |  |  |  |
The following table provides information about disaggregated revenue by product category:
| Three Months Ended March 31, |  |
(in Millions) | 2021 |  | 2020 |  |  |  |
Insecticides | $ | 687.0 |  |  | $ | 720.4 |  |  |  |  |
Herbicides | 361.7 |  |  | 367.2 |  |  |  |  |
Fungicides | 90.5 |  |  | 83.3 |  |  |  |  |
Plant Health | 50.2 |  |  | 46.4 |  |  |  |  |
Other | 6.2 |  |  | 32.7 |  |  |  |  |
Total Revenue | $ | 1,195.6 |  |  | $ | 1,250.0 |  |  |  |  |
Receivables and contract liabilities | The following table presents the opening and closing balances of our receivables, net of allowances and contract liabilities from contracts with customers:
(in Millions) | Balance as of December 31, 2020 |  | Balance as of March 31, 2021 |  | Increase (Decrease)
Receivables from contracts with customers, net of allowances | $ | 2,433.8 |  |  | $ | 2,631.1 |  |  | $ | 197.3 |
Contract liabilities: Advance Payments from customers | 347.1 |  |  | 12.0 |  |  | (335.1) |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
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