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Revenue and Contract Balances (Tables)

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Revenue by type for the years ended December 31, 2020, 2019 and 2018 was as follows (in millions):

						2020						2019						2018
Revenues:
Commercial Real Estate						$	150.0					$	160.6					$	140.3
Land Operations:
Development sales revenue						7.9						57.2						54.3
Unimproved/other property sales revenue						9.7						32.4						210.5
Other operating revenue						23.0						24.5						24.7
Land Operations						40.6						114.1						289.5
Materials & Construction						114.7						160.5						214.6
Total revenues						$	305.3					$	435.2					$	644.4

Schedule of Contract Balances

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of December 31, 2020 and 2019:

(in millions)						2020						2019
Accounts receivable						$	39.5					$	43.6
Contracts retention						7.3						8.6
Allowances (credit losses and doubtful accounts)						(3.3)						(0.6)
Accounts receivable and retention, net						$	43.5					$	51.6
Costs and estimated earnings in excess of billings on uncompleted contracts						$	2.3					$	10.0
Billings in excess of costs and estimated earnings on uncompleted contracts						$	8.5					$	7.9
Variable consideration1						$	62.0					$	62.0
Other deferred revenue						$	4.9					$	5.6

1Variable consideration deferred as of the period end related to amounts received in the sale of agricultural land on Maui in 2018 that, under revenue recognition guidance, could not be included in the transaction price (refer to Note 23).

Finally, additional information related to uncompleted contracts (presented in the contract assets and contract liabilities table above) as of December 31, 2020 and 2019 is as follows (in millions):

						2020						2019
Costs incurred on uncompleted contracts						$	389.8					$	339.3
Estimated earnings						41.1						38.3
Subtotal						430.9						377.6
Billings to date						(437.1)						(375.5)
Total						$	(6.2)					$	2.1

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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