XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, |  | Six Months Ended June 30,
(in Millions) | 2024 |  | 2023 |  | 2024 |  | 2023
North America | $ | 338.8 |  |  | $ | 272.5 |  |  | $ | 597.9 |  |  | $ | 769.8 |
Latin America | 307.2 |  |  | 268.7 |  |  | 495.2 |  |  | 502.3 |
Europe, Middle East & Africa (EMEA) | 201.2 |  |  | 207.6 |  |  | 508.0 |  |  | 590.6 |
Asia | 191.2 |  |  | 265.7 |  |  | 355.3 |  |  | 496.1 |
Total Revenue | $ | 1,038.4 |  |  | $ | 1,014.5 |  |  | $ | 1,956.4 |  |  | $ | 2,358.8 |
The following table provides information about disaggregated revenue by product category:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in Millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Insecticides | $ | 569.1 |  |  | $ | 658.9 |  |  | $ | 1,070.4 |  |  | $ | 1,405.6 |
Herbicides | 336.6 |  |  | 225.5 |  |  | 631.5 |  |  | 668.3 |
Fungicides | 74.5 |  |  | 72.3 |  |  | 144.9 |  |  | 173.3 |
Plant Health | 43.5 |  |  | 43.4 |  |  | 88.3 |  |  | 95.7 |
Other | 14.7 |  |  | 14.4 |  |  | 21.3 |  |  | 15.9 |
Total Revenue | $ | 1,038.4 |  |  | $ | 1,014.5 |  |  | $ | 1,956.4 |  |  | $ | 2,358.8 |
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 June 30, 2024 |  | Balance as of December 31, 2023 |  | Increase (Decrease)
Receivables from contracts with customers, net of allowances (1) | $ | 2,726.1 |  |  | $ | 2,722.7 |  |  | $ | 3.4 |
Contract liabilities: Advance Payments from customers (2) | 0.8 |  |  | 482.1 |  |  | (481.3) |
____________________ (1)Amount includes $2,702.4 million of trade receivables and $23.7 million of net long-term customer receivables as of June 30, 2024. See Note 5 for more information. (2)The amount of revenue recognized in the six months ended June 30, 2024 that was included in the opening contract liability balance is $481.3 million.

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 -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
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 -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
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