XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.22.2

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, |  | Six Months Ended June 30,
(in Millions) | 2022 |  | 2021 |  | 2022 |  | 2021
North America | $ | 364.6 |  |  | $ | 290.5 |  |  | $ | 754.4 |  |  | $ | 591.5 |
Latin America | 431.5 |  |  | 299.6 |  |  | 697.4 |  |  | 502.8 |
Europe, Middle East & Africa (EMEA) | 280.8 |  |  | 272.9 |  |  | 679.0 |  |  | 672.3 |
Asia | 375.4 |  |  | 379.0 |  |  | 672.3 |  |  | 671.0 |
Total Revenue | $ | 1,452.3 |  |  | $ | 1,242.0 |  |  | $ | 2,803.1 |  |  | $ | 2,437.6 |
The following table provides information about disaggregated revenue by product category:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in Millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Insecticides | $ | 897.1 |  |  | $ | 741.8 |  |  | $ | 1,663.8 |  |  | $ | 1,428.8 |
Herbicides | 380.3 |  |  | 330.8 |  |  | 784.7 |  |  | 692.5 |
Fungicides | 63.3 |  |  | 94.5 |  |  | 172.0 |  |  | 185.0 |
Plant Health | 62.7 |  |  | 52.1 |  |  | 116.1 |  |  | 102.3 |
Other | 48.9 |  |  | 22.8 |  |  | 66.5 |  |  | 29.0 |
Total Revenue | $ | 1,452.3 |  |  | $ | 1,242.0 |  |  | $ | 2,803.1 |  |  | $ | 2,437.6 |
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 June 30, 2022 |  | Increase (Decrease)
Receivables from contracts with customers, net of allowances (1) | $ | 2,641.1 |  |  | $ | 2,953.5 |  |  | $ | 312.4 |
Contract liabilities: Advance Payments from customers | 630.7 |  |  | 1.8 |  |  | (628.9) |
____________________ (1) Amount includes $2,885.1 million of trade receivables and $68.4 million of net long-term customer receivables as of June 30, 2022. See Note 6 for more information.

X
- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration