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Revenue Recognition | 12 Months Ended
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Dec. 31, 2023
Revenue Recognition [Abstract] |
Revenue Recognition | Revenue Recognition The following tables disaggregate the Company’s revenue by major product type and geography (in millions):
| For the Year Ended December 31, 2023
| Off Road |  | On Road |  | Marine |  | Corporate |  | Total
Revenue by product type |  |  |  |  |  |  |  |  |
Wholegoods | $ | 5,374.9 |  |  | $ | 981.8 |  |  | $ | 765.4 |  |  | $ | — |  |  | $ | 7,122.1 |
PG&A | 1,609.5 |  |  | 202.8 |  |  | — |  |  | — |  |  | 1,812.3 |
Total revenue | $ | 6,984.4 |  |  | $ | 1,184.6 |  |  | $ | 765.4 |  |  | $ | — |  |  | $ | 8,934.4 |
Revenue by geography |  |  |  |  |  |  |  |  |
United States | $ | 5,787.3 |  |  | $ | 591.4 |  |  | $ | 743.5 |  |  | $ | — |  |  | $ | 7,122.2 |
Canada | 522.7 |  |  | 43.1 |  |  | 18.2 |  |  | — |  |  | 584.0 |
EMEA | 405.3 |  |  | 480.2 |  |  | 0.7 |  |  | — |  |  | 886.2 |
APLA | 269.1 |  |  | 69.9 |  |  | 3.0 |  |  | — |  |  | 342.0 |
Total revenue | $ | 6,984.4 |  |  | $ | 1,184.6 |  |  | $ | 765.4 |  |  | $ | — |  |  | $ | 8,934.4 |
| For the Year Ended December 31, 2022
| Off Road |  | On Road |  | Marine |  | Corporate |  | Total
Revenue by product type |  |  |  |  |  |  |  |  |
Wholegoods | $ | 4,999.9 |  |  | $ | 956.5 |  |  | $ | 989.4 |  |  | $ | — |  |  | $ | 6,945.8 |
PG&A | 1,436.3 |  |  | 206.9 |  |  | — |  |  | — |  |  | 1,643.2 |
Total revenue | $ | 6,436.2 |  |  | $ | 1,163.4 |  |  | $ | 989.4 |  |  | $ | — |  |  | $ | 8,589.0 |
Revenue by geography |  |  |  |  |  |  |  |  |
United States | $ | 5,233.3 |  |  | $ | 614.2 |  |  | $ | 961.7 |  |  | $ | — |  |  | $ | 6,809.2 |
Canada | 536.0 |  |  | 43.5 |  |  | 27.2 |  |  | — |  |  | 606.7 |
EMEA | 421.4 |  |  | 423.2 |  |  | 0.1 |  |  | — |  |  | 844.7 |
APLA | 245.5 |  |  | 82.5 |  |  | 0.4 |  |  | — |  |  | 328.4 |
Total revenue | $ | 6,436.2 |  |  | $ | 1,163.4 |  |  | $ | 989.4 |  |  | $ | — |  |  | $ | 8,589.0 |
| For the Year Ended December 31, 2021
| Off Road |  | On Road |  | Marine |  | Corporate |  | Total
Revenue by product type |  |  |  |  |  |  |  |  |
Wholegoods | $ | 4,251.7 |  |  | $ | 847.6 |  |  | $ | 760.2 |  |  | $ | 59.8 |  |  | $ | 5,919.3 |
PG&A | 1,322.9 |  |  | 184.2 |  |  | — |  |  | 12.8 |  |  | 1,519.9 |
Total revenue | $ | 5,574.6 |  |  | $ | 1,031.8 |  |  | $ | 760.2 |  |  | $ | 72.6 |  |  | $ | 7,439.2 |
Revenue by geography |  |  |  |  |  |  |  |  |
United States | $ | 4,422.5 |  |  | $ | 514.3 |  |  | $ | 737.4 |  |  | $ | 68.1 |  |  | $ | 5,742.3 |
Canada | 517.6 |  |  | 33.1 |  |  | 22.6 |  |  | 0.4 |  |  | 573.7 |
EMEA | 402.3 |  |  | 400.2 |  |  | 0.2 |  |  | 0.5 |  |  | 803.2 |
APLA | 232.2 |  |  | 84.2 |  |  | — |  |  | 3.6 |  |  | 320.0 |
Total revenue | $ | 5,574.6 |  |  | $ | 1,031.8 |  |  | $ | 760.2 |  |  | $ | 72.6 |  |  | $ | 7,439.2 |
Contract Liabilities. Contract liabilities relate to deferred revenue recognized for cash consideration received at contract inception in advance of the Company's performance under the respective contract and generally relate to the sale of separately priced ESCs. The Company finances its self-insured risks related to ESCs. The premiums for ESCs are primarily recognized in income in proportion to the costs expected to be incurred over the contract period. Warranty costs are recognized as incurred. The activity in the deferred revenue reserve for ESCs during the periods presented was as follows (in millions):
| For the Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Balance at beginning of year | $ | 111.1 |  |  | $ | 108.3 |  |  | $ | 89.1 |
New contracts sold | 49.1 |  |  | 49.1 |  |  | 55.0 |
Revenue recognized on existing contracts | (49.9) |  |  | (46.3) |  |  | (35.8) |
Balance at end of year | $ | 110.3 |  |  | $ | 111.1 |  |  | $ | 108.3 |
The Company expects to recognize approximately $35.3 million of the unearned amount over the 12 months following December 31, 2023, compared to $35.5 million as of December 31, 2022. These amounts were recorded in accrued expenses in the consolidated balance sheets. The amount recorded in other long-term liabilities totaled $75.0 million and $75.6 million as of December 31, 2023 and 2022, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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