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Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2023

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)															2023						2022
North America															$	497.3					$	389.8
Latin America															233.6						265.9
Europe, Middle East & Africa (EMEA)															383.0						398.2
Asia															230.4						296.9
Total Revenue															$	1,344.3					$	1,350.8

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

			Three Months Ended March 31,
(in Millions)			2023						2022
Insecticides			$	746.7					$	766.7
Herbicides			442.8						404.4
Fungicides			101.0						108.7
Plant Health			52.3						53.4
Other			1.5						17.6
Total Revenue			$	1,344.3					$	1,350.8

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, 2022						Balance as of March 31, 2023						Increase (Decrease)
Receivables from contracts with customers, net of allowances (1)			$	2,932.2					$	3,227.1					$	294.9
Contract liabilities: Advance Payments from customers			680.5						14.0						(666.5)

____________________ 

(1)     Amount includes $3,202.1 million of trade receivables and $25.0 million of net long-term customer receivables as of March 31, 2023. See Note 6 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
-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

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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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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- References

No definition available.

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