Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

In the following table, revenue is disaggregated by type of good or service, primary geographical market, and timing of recognition. The table also includes a reconciliation of the disaggregated revenue with the reportable segments.



	Three Months Ended				Six Months Ended
	June 30, 2020				June 30, 2020
(In millions)	JBT FoodTech		JBT AeroTech		JBT FoodTech		JBT AeroTech
Type of Good or Service
Recurring ⁽¹⁾	$	147.7	$	32.9	$	301.4	$	78.6
Non-recurring ⁽¹⁾	155.1		75.8		311.1		178.1
Total	302.8		108.7		612.5		256.7

Geographical Region ⁽²⁾
North America	167.1		94.8		321.2		225.2
Europe, Middle East and Africa	88.2		7.5		187.8		18.1
Asia Pacific	32.0		5.8		67.4		11.5
Latin America	15.5		0.6		36.1		1.9
Total	302.8		108.7		612.5		256.7

Timing of Recognition
Point in Time	141.7		47.5		290.1		124.6
Over Time	161.1		61.2		322.4		132.1
Total	302.8		108.7		612.5		256.7



	Three Months Ended				Six Months Ended
	June 30, 2019				June 30, 2019
(In millions)	JBT FoodTech		JBT AeroTech		JBT FoodTech		JBT AeroTech
Type of Good or Service
Recurring ⁽¹⁾	$	145.4	$	51.9	$	278.7	$	102.8
Non-recurring ⁽¹⁾	197.9		98.0		359.2		170.0
Total	343.3		149.9		637.9		272.8

Geographical Region⁽²⁾
North America	179.6		125.0		335.7		219.9
Europe, Middle East and Africa	91.6		20.1		171.0		43.5
Asia Pacific	44.0		4.0		81.7		8.1
Latin America	28.1		0.8		49.5		1.3
Total	343.3		149.9		637.9		272.8

Timing of Recognition
Point in Time	160.0		86.5		306.0		155.1
Over Time	183.3		63.4		331.9		117.7
Total	343.3		149.9		637.9		272.8

(1) Aftermarket parts and services and revenue from lease and long-term service contracts are considered recurring revenue. Non-recurring revenue includes new equipment and installation.

(2) Geographical region represents the region in which the end customer resides.

Contract with Customer, Asset and Liability

ontract asset and liability balances for the period were as follows:



	Balances as of
(In millions)	June 30, 2020		December 31, 2019
Contract assets	$	76.4	$	74.4
Contract liabilities	90.9		92.5

	June 30, 2019		December 31, 2018
Contract assets	83.6		70.3
Contract liabilities	101.7		124.5