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Net Sales
 9 Months Ended
Sep. 30, 2021
Revenue From Contract With Customer [Abstract]  
Net Sales

3. Net Sales

The Company defers revenue when cash payments are received in advance of satisfying the related performance obligation. These amounts are recorded as customer advances in the Condensed Consolidated Balance Sheets. The table below shows the change in the customer advances balance for the three and nine months ended September 30, 2021 and 2020.

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Balance at beginning of period

 

$

21.0

 

 

$

15.8

 

 

$

25.5

 

 

$

25.8

 

Cash received in advance of satisfying
   performance obligations

 

 

33.9

 

 

 

26.9

 

 

 

93.7

 

 

 

71.7

 

Revenue recognized

 

 

(27.1

)

 

 

(19.8

)

 

 

(91.3

)

 

 

(73.9

)

Currency translation

 

 

(0.2

)

 

 

0.2

 

 

 

(0.3

)

 

 

(0.5

)

Balance at end of period

 

$

27.6

 

 

$

23.1

 

 

$

27.6

 

 

$

23.1

 

 

Disaggregation of the Company’s revenue sources are disclosed in Note 18, “Segments.”