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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following tables illustrate the disaggregation of revenue by geographic area, groups of similar products and services and sales channels for the years ended December 31: Net sales by geographic area
| 2023 |  | 2022 |  | 2021
Americas | $ | 840.3 |  |  | $ | 705.9 |  |  | $ | 658.3 |
Europe, Middle East and Africa (EMEA) | 314.4 |  |  | 301.6 |  |  | 331.9 |
Asia Pacific (APAC) | 88.9 |  |  | 84.7 |  |  | 100.6 |
Total | $ | 1,243.6 |  |  | $ | 1,092.2 |  |  | $ | 1,090.8 |
Net sales are attributed to each geographic area based on the end user country and are net of intercompany sales. Net sales by groups of similar products and services
| 2023 |  | 2022 |  | 2021
Equipment | $ | 776.4 |  |  | $ | 664.0 |  |  | $ | 679.9 |
Parts and consumables | 279.5 |  |  | 263.1 |  |  | 249.3 |
Specialty surface coatings(a) | — |  |  | — |  |  | 1.5 |
Service and other | 187.7 |  |  | 165.1 |  |  | 160.1 |
Total | $ | 1,243.6 |  |  | $ | 1,092.2 |  |  | $ | 1,090.8 |
(a)On February 1, 2021, we sold our Coatings business. Further details regarding the sale are discussed in Note 5. Net sales by sales channel
| 2023 |  | 2022 |  | 2021
Sales direct to consumer | $ | 854.4 |  |  | $ | 712.6 |  |  | $ | 692.4 |
Sales to distributors | 389.2 |  |  | 379.6 |  |  | 398.4 |
Total | $ | 1,243.6 |  |  | $ | 1,092.2 |  |  | $ | 1,090.8 |
Schedule of Change in Sales Incentive Accrual Balance and Deferred Revenue Balance | The change in our sales incentive accrual balance for the years ended December 31, 2023 and 2022 was as follows:
| 2023 |  | 2022
Beginning balance | $ | 20.0 |  |  | $ | 19.9 |
Additions to sales incentive accrual | 29.5 |  |  | 22.5 |
Contract payments | (28.5) |  |  | (21.8) |
Foreign currency fluctuations | 0.2 |  |  | (0.6) |
Ending balance | $ | 21.2 |  |  | $ | 20.0 |
The change in the deferred revenue balance for the years ended December 31, 2023 and 2022 was as follows:
| 2023 |  | 2022
Beginning balance | $ | 9.3 |  |  | $ | 11.2 |
Increase in deferred revenue representing our obligation to satisfy future performance obligations | 21.7 |  |  | 24.2 |
Decrease in deferred revenue for amounts recognized in net sales for satisfied performance obligations | (20.8) |  |  | (25.5) |
Foreign currency fluctuations | 0.1 |  |  | (0.6) |
Ending balance | $ | 10.3 |  |  | $ | 9.3 |
Schedule of Recognition of Net Sales in Future Periods | Of this, we expect to recognize the following approximate amounts in net sales in the following periods:
2024 | $ | 7.9 |
2025 | 1.2 |
2026 | 0.7 |
2027 | 0.3 |
2028 | 0.1 |
Thereafter | 0.1 |
Total | $ | 10.3 |

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- 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
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- 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
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
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