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Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table provides information about disaggregated revenue by major geographical region:
Three Months Ended March 31,
(in Millions)20242023
North America$259.1 $497.3 
Latin America188.0 233.6 
Europe, Middle East & Africa (EMEA)306.8 383.0 
Asia164.1 230.4 
Total Revenue$918.0 $1,344.3 
The following table provides information about disaggregated revenue by product category:
Three Months Ended March 31,
(in Millions)20242023
Insecticides$501.3 $746.7 
Herbicides294.9 442.8 
Fungicides70.4 101.0 
Plant Health44.8 52.3 
Other6.6 1.5 
Total Revenue$918.0 $1,344.3 
Schedule of 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, 2023Balance as of March 31, 2024Increase (Decrease)
Receivables from contracts with customers, net of allowances (1)
$2,722.7 $2,832.9 $110.2 
Contract liabilities: Advance Payments from customers (2)
482.1 88.7 (393.4)
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(1)Amount includes $2,817.9 million of trade receivables and $15.0 million of net long-term customer receivables as of March 31, 2024. See Note 5 for more information.
(2)The amount of revenue recognized in the three months ended March 31, 2024 that was included in the opening contract liability balance is $393.4 million.