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Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

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)			2022						2021
North America			$	389.8					$	301.0
Latin America			265.9						203.2
Europe, Middle East & Africa (EMEA)			398.2						399.4
Asia			296.9						292.0
Total Revenue			$	1,350.8					$	1,195.6

The following table provides information about disaggregated revenue by product category:

			Three Months Ended March 31,
(in Millions)			2022						2021
Insecticides			$	766.7					$	687.0
Herbicides			404.4						361.7
Fungicides			108.7						90.5
Plant Health			53.4						50.2
Other			17.6						6.2
Total Revenue			$	1,350.8					$	1,195.6

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, 2021						Balance as of March 31, 2022						Increase (Decrease)
Receivables from contracts with customers, net of allowances (1)			$	2,641.1					$	2,936.6					$	295.5
Contract liabilities: Advance Payments from customers			630.7						40.0						(590.7)

____________________ 

(1)     Amount includes $2,868.6 million of trade receivables and $68.0 million of net long-term customer receivables as of March 31, 2022. See Note 5 for more information.

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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=123351226&loc=SL49130551-203045

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X

- 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=123351226&loc=SL49130545-203045

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- References

No definition available.

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