Revenue Recognition

6 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Unfulfilled Performance Obligations

As of March 31, 2020, we expect to recognize approximately $470 million of revenue in future periods from unfulfilled performance obligations from existing contracts with customers. We expect to recognize revenue of approximately $310 million from our remaining performance obligations over the next 12 months with the remaining balance recognized thereafter.

We have applied the practical expedient to exclude the value of remaining performance obligations for (i) contracts with an original term of one year or less and (ii) contracts for which we recognize revenue in proportion to the amount we have the right to invoice for services performed. The amounts above also do not include the impact of contract renewal options that are unexercised as of March 31, 2020.

Disaggregation of Revenue

The following series of tables present our revenue disaggregation by geographic region and types of products or services, and also present these disaggregation categories for our two operating segments. We attribute sales to the geographic regions based on the country of destination.

The following reflects the disaggregation of our revenues by operating segment and by geographic region (in millions):



	Three Months Ended March 31, 2020						Six Months Ended March 31, 2020
	Architecture & Software		Control Products & Solutions		Total		Architecture & Software		Control Products & Solutions		Total
North America	$	447.9	$	574.2	$	1,022.1	$	888.1	$	1,140.9	$	2,029.0
Europe, Middle East and Africa (EMEA)	162.3		171.3		333.6		311.2		332.5		643.7
Asia Pacific	98.8		102.0		200.8		210.2		220.2		430.4
Latin America	48.1		76.7		124.8		99.2		163.5		262.7
Total Company Sales	$	757.1	$	924.2	$	1,681.3	$	1,508.7	$	1,857.1	$	3,365.8



	Three Months Ended March 31, 2019						Six Months Ended March 31, 2019
	Architecture & Software		Control Products & Solutions		Total		Architecture & Software		Control Products & Solutions		Total
North America	$	423.1	$	564.0	$	987.1	$	865.9	$	1,120.0	$	1,985.9
Europe, Middle East and Africa (EMEA)	176.0		155.1		331.1		331.5		294.0		625.5
Asia Pacific	97.8		116.9		214.7		199.1		230.0		429.1
Latin America	42.8		81.5		124.3		96.3		162.7		259.0
Total Company Sales	$	739.7	$	917.5	$	1,657.2	$	1,492.8	$	1,806.7	$	3,299.5

The following reflects the disaggregation of our revenues by operating segment and by major types of products or services (in millions):



	Three Months Ended March 31, 2020						Six Months Ended March 31, 2020
	Architecture & Software		Control Products & Solutions		Total		Architecture & Software		Control Products & Solutions		Total
Products	$	757.1	$	379.0	$	1,136.1	$	1,508.7	$	767.7	$	2,276.4
Solutions & Services	—		545.2		545.2		—		1,089.4		1,089.4
Total Company Sales	$	757.1	$	924.2	$	1,681.3	$	1,508.7	$	1,857.1	$	3,365.8



	Three Months Ended March 31, 2019						Six Months Ended March 31, 2019
	Architecture & Software		Control Products & Solutions		Total		Architecture & Software		Control Products & Solutions		Total
Products	$	739.7	$	372.3	$	1,112.0	$	1,492.8	$	745.2	$	2,238.0
Solutions & Services	—		545.2		545.2		—		1,061.5		1,061.5
Total Company Sales	$	739.7	$	917.5	$	1,657.2	$	1,492.8	$	1,806.7	$	3,299.5

Contract Balances

Contract liabilities primarily relate to consideration received in advance of performance under the contract. We do not have significant contract assets as of March 31, 2020.

Below is a summary of our contract liabilities balance:



	March 31, 2020		March 31, 2019
Balance as of beginning of fiscal year	$	275.6	$	268.6
Balance as of end of period	326.2		308.9

The most significant changes in our contract liabilities balance during the six months ended March 31, 2020, were due to amounts billed, partially offset by revenue recognized that was included in the contract liabilities balance at the beginning of the period.

In the six months ended March 31, 2020, we recognized revenue of approximately $171.3 million that was included in the opening contract liabilities balance. We did not have a material amount of revenue recognized in the six months ended March 31, 2020, from performance obligations satisfied or partially satisfied in previous periods.