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v3.23.2

Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
(in Millions) | 2023 |  | 2022 |  | 2023 |  | 2022
North America | $ | 272.5 |  |  | $ | 364.6 |  |  | $ | 769.8 |  |  | $ | 754.4 |
Latin America | 268.7 |  |  | 431.5 |  |  | 502.3 |  |  | 697.4 |
Europe, Middle East & Africa (EMEA) | 207.6 |  |  | 280.8 |  |  | 590.6 |  |  | 679.0 |
Asia | 265.7 |  |  | 375.4 |  |  | 496.1 |  |  | 672.3 |
Total Revenue | $ | 1,014.5 |  |  | $ | 1,452.3 |  |  | $ | 2,358.8 |  |  | $ | 2,803.1 |
The following table provides information about disaggregated revenue by product category:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in Millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Insecticides | $ | 658.9 |  |  | $ | 897.1 |  |  | $ | 1,405.6 |  |  | $ | 1,663.8 |
Herbicides | 225.5 |  |  | 380.3 |  |  | 668.3 |  |  | 784.7 |
Fungicides | 72.3 |  |  | 63.3 |  |  | 173.3 |  |  | 172.0 |
Plant Health | 43.4 |  |  | 62.7 |  |  | 95.7 |  |  | 116.1 |
Other | 14.4 |  |  | 48.9 |  |  | 15.9 |  |  | 66.5 |
Total Revenue | $ | 1,014.5 |  |  | $ | 1,452.3 |  |  | $ | 2,358.8 |  |  | $ | 2,803.1 |
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 June 30, 2023 |  | Increase (Decrease)
Receivables from contracts with customers, net of allowances (1) | $ | 2,932.2 |  |  | $ | 2,805.2 |  |  | $ | (127.0) |
Contract liabilities: Advance Payments from customers | 680.5 |  |  | 3.4 |  |  | (677.1) |
____________________ (1) Amount includes $2,782.8 million of trade receivables and $22.4 million of net long-term customer receivables as of June 30, 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 + 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 -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 + Details
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