Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2020

Revenue From Contract With Customer [Abstract]

Disaggregates Revenue for Each Reportable Segment and Geographic Region

The following table disaggregates our revenue for each reportable segment. The Company believes that disaggregating revenue into these categories achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.

	Quarter Ended
	March 31, 2020			March 31, 2019
Net Sales:
Power Transmission Technologies	$	216.7		$	234.9
Automation & Specialty		218.6			249.1
Inter-segment eliminations		(1.1	)		(1.2	)
Net sales	$	434.2		$	482.8

Net sales by geographic region based on point of shipment origin are as follows:

	Net Sales
	Quarter Ended
	March 31, 2020		March 31, 2019
North America (primarily U.S.)	$	245.3	$	273.0
Europe excluding Germany		74.8		81.7
Germany		52.5		62.2
Asia and other		61.6		65.9
Total	$	434.2	$	482.8

Summary of Opening and Closing Balances of Contract Liability and Accounts Receivable

The opening and closing balances of the Company’s contract liability and accounts receivable as of the year to date period ended March 31, 2020 are as follows:

	Deferred Revenue (Current)		Accounts Receivable
Beginning - January 1, 2020	$	8.4	$	243.2
Closing - March 31, 2020		11.1		242.9
Increase/(Decrease)	$	2.7	$	(0.3	)

	Deferred Revenue (Current)		Accounts Receivable
Beginning - January 1, 2019	$	7.4	$	259.8
Closing - March 31, 2019		7.8		281.8
Increase/(Decrease)	$	0.4	$	22.0