Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

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)

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(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.