Revenue Recognition (Tables)

9 Months Ended

Sep. 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 for each reportable segment. The table also includes a reconciliation of the disaggregated revenue to total revenue of each reportable segment.


	Three Months Ended				Nine Months Ended
	September 30, 2020				September 30, 2020
(In millions)	JBT FoodTech		JBT AeroTech		JBT FoodTech		JBT AeroTech
Type of Good or Service
Recurring (1)	$	151.1	$	36.4	$	452.5	$	115.0
Non-recurring (1)	149.9		81.8		461.0		259.9
Total	301.0		118.2		913.5		374.9

Geographical Region (2)
North America	166.2		105.2		487.4		330.4
Europe, Middle East and Africa	85.8		6.9		273.6		25.0
Asia Pacific	30.2		4.9		97.6		16.4
Latin America	18.8		1.2		54.9		3.1
Total	301.0		118.2		913.5		374.9

Timing of Recognition
Point in Time	141.6		66.3		431.7		190.9
Over Time	159.4		51.9		481.8		184.0
Total	301.0		118.2		913.5		374.9


	Three Months Ended				Nine Months Ended
	September 30, 2019				September 30, 2019
(In millions)	JBT FoodTech		JBT AeroTech		JBT FoodTech		JBT AeroTech
Type of Good or Service
Recurring (1)	$	150.0	$	49.5	$	428.7	$	152.3
Non-recurring (1)	184.3		105.5		543.5		275.5
Total	334.3		155.0		972.2		427.8

Geographical Region (2)
North America	167.8		134.0		503.5		353.9
Europe, Middle East and Africa	98.4		15.8		269.4		59.3
Asia Pacific	42.6		4.4		124.3		12.5
Latin America	25.5		0.8		75.0		2.1
Total	334.3		155.0		972.2		427.8

Timing of Recognition
Point in Time	150.4		88.7		456.4		243.8
Over Time	183.9		66.3		515.8		184.0
Total	334.3		155.0		972.2		427.8

(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)	September 30, 2020		December 31, 2019
Contract assets	$	80.8	$	74.4
Contract liabilities	99.3		92.5

	September 30, 2019		December 31, 2018
Contract assets	80.3		70.3
Contract liabilities	86.6		124.5