Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2020

Revenue From Contract With Customer [Abstract]

Revenue from Contracts with Customers

4) Revenue from Contracts with Customers

Contract assets as of September 30, 2020 and December 31, 2019 were $3.7 and $3.5, respectively, and are included in other current assets.  

A rollforward of the Company’s deferred revenue and customer advances is as follows:

	Nine Months Ended September 30, 2020			Nine Months Ended September 30, 2019
Beginning balance, January 1(1)	$	24.8		$	17.5
Deferred revenue and customer advances assumed in ESI Merger		—			4.6
Additions to deferred revenue and customer advances		76.3			41.9
Amount of deferred revenue and customer advances recognized in income		(65.6	)		(38.8	)
Ending balance, September 30(2)	$	35.5		$	25.2

⁽¹⁾ Beginning deferred revenue and customer advances as of January 1, 2020 included $12.4 of current deferred revenue, $3.3 of long-term deferred revenue and $9.1 of current customer advances.

⁽²⁾ Ending deferred revenue and customer advances as of September 30, 2020 included $19.7 of current deferred revenue, $5.1 of long-term deferred revenue and $10.7 of current customer advances.

Disaggregation of Revenue

The following table summarizes revenue from contracts with customers:

	Three Months Ended September 30, 2020
	Vacuum & Analysis		Light & Motion		Equipment & Solutions		Total
Net revenues:
Products	$	313.9	$	156.9	$	36.0	$	506.8
Services		47.4		19.0		16.6		83.0
Total net revenues	$	361.3	$	175.9	$	52.6	$	589.8

	Three Months Ended September 30, 2019
	Vacuum & Analysis		Light & Motion		Equipment & Solutions		Total
Net revenues:
Products	$	197.2	$	156.4	$	32.6	$	386.2
Services		43.5		16.0		16.8		76.3
Total net revenues	$	240.7	$	172.4	$	49.4	$	462.5

	Nine Months Ended September 30, 2020
	Vacuum & Analysis		Light & Motion		Equipment & Solutions		Total
Net revenues:
Products	$	863.5	$	457.3	$	120.2	$	1,441.0
Services		131.6		50.0		47.2		228.8
Total net revenues	$	995.1	$	507.3	$	167.4	$	1,669.8

	Nine Months Ended September 30, 2019
	Vacuum & Analysis		Light & Motion		Equipment & Solutions		Total
Net revenues:
Products	$	581.6	$	502.5	$	100.8	$	1,184.9
Services		129.1		46.5		39.6		215.2
Total net revenues	$	710.7	$	549.0	$	140.4	$	1,400.1

Product revenue, excluding revenue from certain custom products, is recorded at a point in time, while the majority of the service revenue and revenue from certain custom products is recorded over time.

Refer to Note 17 for revenue by reportable segment and geography.