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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)2024202320242023
North America$338.8 $272.5 $597.9 $769.8 
Latin America307.2 268.7 495.2 502.3 
Europe, Middle East & Africa (EMEA)201.2 207.6 508.0 590.6 
Asia191.2 265.7 355.3 496.1 
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)2024202320242023
Insecticides$569.1 $658.9 $1,070.4 $1,405.6 
Herbicides336.6 225.5 631.5 668.3 
Fungicides74.5 72.3 144.9 173.3 
Plant Health43.5 43.4 88.3 95.7 
Other14.7 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, 2024Balance as of December 31, 2023Increase (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)
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(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.