Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2021

Revenue From Contract With Customer [Abstract]

Revenue from Contracts with Customers

6) Revenue from Contracts with Customers

Contract assets as of December 31, 2021 and 2020 were $4.1 and $3.7, respectively, and were included in other current assets.  

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

	2021			2020
Beginning balance, January 1(1)	$	36.7		$	24.8
Additions to deferred revenue and customer advances		172.5			107.4
Amount of deferred revenue and customer advances recognized in income		(168.9	)		(95.5	)
Ending balance, December 31(2)	$	40.3		$	36.7

⁽¹⁾ Beginning deferred revenue and customer advances as of January 1, 2021 included $18.3 of current deferred revenue, $5.6 of long-term deferred revenue and $12.8 of current customer advances. 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 December 31, 2021 included $16.6 of current deferred revenue, $2.8 of long-term deferred revenue and $20.9 of current customer advances. Ending deferred revenue and customer advances as of December 31, 2020 included $18.3 of current deferred revenue, $5.6 of long-term deferred revenue and $12.8 of current customer advances.

Disaggregation of Revenue

The following table summarizes revenue from contracts with customers:

	Year Ended December 31, 2021
	Vacuum & Analysis		Light & Motion		Equipment & Solutions		Total
Net revenues:
Products	$	1,629.0	$	742.5	$	207.1	$	2,578.6
Services		232.5		70.9		67.6		371.0
Total net revenues	$	1,861.5	$	813.4	$	274.7	$	2,949.6

	Year Ended December 31, 2020
	Vacuum & Analysis		Light & Motion		Equipment & Solutions		Total
Net revenues:
Products	$	1,222.4	$	621.9	$	170.5	$	2,014.8
Services		183.5		67.7		64.0		315.2
Total net revenues	$	1,405.9	$	689.6	$	234.5	$	2,330.0

	Year Ended December 31, 2019
	Vacuum & Analysis		Light & Motion		Equipment & Solutions		Total
Net revenues:
Products	$	819.1	$	663.7	$	128.5	$	1,611.3
Services		171.4		61.9		55.2		288.5
Total net revenues	$	990.5	$	725.6	$	183.7	$	1,899.8

Refer to Note 21 for revenue by reportable segment, geography and groupings of similar products.