Revenue Recognition (Notes)

3 Months Ended

Apr. 02, 2022

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue Recognition

The following table presents the Company's revenue in categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors:

	Three Months Ended
	April 2, 2022
(in millions)	Propulsion		Parts & Accessories		Boat		Total
Geographic Markets
United States	$	452.7	$	407.5	$	368.4	$	1,228.6
Europe	113.4		108.0		45.6		267.0
Asia-Pacific	63.3		52.9		9.1		125.3
Canada	33.2		30.5		62.2		125.9
Rest-of-World	43.3		18.9		7.5		69.7
Segment Eliminations	(109.2)		(11.6)		—		(120.8)
Total	$	596.7	$	606.2	$	492.8	$	1,695.7
	Three Months Ended
	April 3, 2021
	Propulsion		Parts & Accessories		Boat		Total
Geographic Markets
United States	$	421.3	$	312.3	$	312.6	$	1,046.2
Europe	109.0		63.5		41.6		214.1
Asia-Pacific	65.7		42.5		6.7		114.9
Canada	25.2		25.4		48.4		99.0
Rest-of-World	36.6		15.9		10.2		62.7
Segment Eliminations	(94.9)		(8.8)		—		(103.7)
Total	$	562.9	$	450.8	$	419.5	$	1,433.2

	Three Months Ended
	April 2, 2022
(in millions)	Propulsion		Parts & Accessories		Boat		Total
Major Product Lines
Outboard Engines	$	546.1	$	—	$	—	$	546.1
Controls, Rigging, and Propellers	98.5		—		—		98.5
Sterndrive Engines	61.3		—		—		61.3
Distribution Parts & Accessories	—		203.5		—		203.5
Engine Parts & Accessories	—		125.6		—		125.6
Advanced Systems Group	—		151.9		—		151.9
Navico	—		136.8		—		136.8
Aluminum Freshwater Boats	—		—		220.6		220.6
Recreational Fiberglass Boats	—		—		164.4		164.4
Saltwater Fishing Boats	—		—		89.2		89.2
Business Acceleration	—		—		19.6		19.6
Boat Eliminations/Other	—		—		(1.0)		(1.0)
Segment Eliminations	(109.2)		(11.6)		—		(120.8)
Total	$	596.7	$	606.2	$	492.8	$	1,695.7
	Three Months Ended
	April 3, 2021
	Propulsion		Parts & Accessories		Boat		Total
Major Product Lines
Outboard Engines	$	504.5	$	—	$	—	$	504.5
Controls, Rigging, and Propellers	94.9		—		—		94.9
Sterndrive Engines	58.4		—		—		58.4
Distribution Parts & Accessories	—		200.6		—		200.6
Engine Parts & Accessories	—		124.2		—		124.2
Advanced Systems Group	—		134.8		—		134.8
Aluminum Freshwater Boats	—		—		177.8		177.8
Recreational Fiberglass Boats	—		—		135.4		135.4
Saltwater Fishing Boats	—		—		96.8		96.8
Business Acceleration	—		—		12.7		12.7
Boat Eliminations/Other	—		—		(3.2)		(3.2)
Segment Eliminations	(94.9)		(8.8)		—		(103.7)
Total	$	562.9	$	450.8	$	419.5	$	1,433.2

As of December 31, 2021, $142.1 million of contract liabilities associated with extended warranties and customer deposits were reported in Accrued expenses and Other Long-term liabilities, of which $14.3 million was recognized as revenue during the three months ended April 2, 2022. As of April 2, 2022, total contract liabilities were $152.0 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of April 2, 2022 was $138.4 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $34.2 million of this amount in 2022, $30.4 million in 2023, and $73.8 million thereafter.