Revenue Recognition (Notes)

9 Months Ended

Oct. 01, 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
	October 1, 2022								October 2, 2021
(in millions)	Propulsion		Parts & Accessories		Boat		Total		Propulsion		Parts & Accessories		Boat		Total
Geographic Markets
United States	$	514.1	$	405.9	$	397.7	$	1,317.7	$	433.9	$	351.8	$	306.9	$	1,092.6
Europe	75.1		76.4		39.3		190.8		78.1		57.9		33.7		169.7
Asia-Pacific	49.7		51.7		7.8		109.2		51.8		35.5		6.6		93.9
Canada	28.4		37.3		57.1		122.8		26.2		35.3		49.0		110.5
Rest-of-World	47.1		16.5		8.8		72.4		36.9		13.5		5.3		55.7
Segment Eliminations	(99.2)		(15.5)		—		(114.7)		(86.8)		(8.4)		—		(95.2)
Total	$	615.2	$	572.3	$	510.7	$	1,698.2	$	540.1	$	485.6	$	401.5	$	1,427.2
	Nine Months Ended
	October 1, 2022								October 2, 2021
(in millions)	Propulsion		Parts & Accessories		Boat		Total		Propulsion		Parts & Accessories		Boat		Total
Geographic Markets
United States	$	1,450.4	$	1,257.7	$	1,189.2	$	3,897.3	$	1,259.6	$	1,055.8	$	933.6	$	3,249.0
Europe	306.9		284.0		140.9		731.8		306.8		191.3		127.8		625.9
Asia-Pacific	172.5		156.8		24.4		353.7		184.1		117.9		20.6		322.6
Canada	86.1		106.9		189.7		382.7		75.5		94.9		164.2		334.6
Rest-of-World	138.6		51.7		27.7		218.0		108.2		42.6		23.9		174.7
Segment Eliminations	(310.7)		(43.1)		(0.2)		(354.0)		(267.3)		(24.3)		—		(291.6)
Total	$	1,843.8	$	1,814.0	$	1,571.7	$	5,229.5	$	1,666.9	$	1,478.2	$	1,270.1	$	4,415.2

	Three Months Ended
	October 1, 2022								October 2, 2021
(in millions)	Propulsion		Parts & Accessories		Boat		Total		Propulsion		Parts & Accessories		Boat		Total
Major Product Lines
Outboard Engines	$	565.2	$	—	$	—	$	565.2	$	486.3	$	—	$	—	$	486.3
Controls, Rigging, and Propellers	96.9		—		—		96.9		87.8		—		—		87.8
Sterndrive Engines	52.3		—		—		52.3		52.8		—		—		52.8
Distribution Parts and Accessories	—		207.8		—		207.8		—		215.7		—		215.7
Engine Parts and Accessories	—		152.2		—		152.2		—		149.5		—		149.5
Navico Group	—		227.8		—		227.8		—		128.8		—		128.8
Aluminum Freshwater Boats	—				208.2		208.2		—		—		167.5		167.5
Recreational Fiberglass Boats	—		—		180.8		180.8		—		—		135.9		135.9
Saltwater Fishing Boats	—		—		86.6		86.6		—		—		86.4		86.4
Business Acceleration	—		—		38.7		38.7		—		—		15.6		15.6
Boat Eliminations/Other	—		—		(3.6)		(3.6)		—		—		(3.9)		(3.9)
Segment Eliminations	(99.2)		(15.5)		—		(114.7)		(86.8)		(8.4)		—		(95.2)
Total	$	615.2	$	572.3	$	510.7	$	1,698.2	$	540.1	$	485.6	$	401.5	$	1,427.2
	Nine Months Ended
	October 1, 2022								October 2, 2021
(in millions)	Propulsion		Parts & Accessories		Boat		Total		Propulsion		Parts & Accessories		Boat		Total
Major Product Lines
Outboard Engines	$	1,677.1	$	—	$	—	$	1,677.1	$	1,485.0	$	—	$	—	$	1,485.0
Controls, Rigging, and Propellers	301.8		—		—		301.8		278.8		—		—		278.8
Sterndrive Engines	175.6		—		—		175.6		170.4		—		—		170.4
Distribution Parts and Accessories	—		642.7		—		642.7		—		671.5		—		671.5
Engine Parts and Accessories	—		424.5		—		424.5		—		429.1		—		429.1
Navico Group	—		789.9		—		789.9		—		401.9		—		401.9
Aluminum Freshwater Boats	—		—		666.2		666.2		—		—		535.4		535.4
Recreational Fiberglass Boats	—		—		532.6		532.6		—		—		425.5		425.5
Saltwater Fishing Boats	—		—		286.1		286.1		—		—		276.2		276.2
Business Acceleration	—		—		94.1		94.1		—		—		43.6		43.6
Boat Eliminations/Other	—		—		(7.1)		(7.1)		—		—		(10.6)		(10.6)
Segment Eliminations	(310.7)		(43.1)		(0.2)		(354.0)		(267.3)		(24.3)		—		(291.6)
Total	$	1,843.8	$	1,814.0	$	1,571.7	$	5,229.5	$	1,666.9	$	1,478.2	$	1,270.1	$	4,415.2

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 $9.2 million and $34.0 million were recognized as revenue during the three and nine months ended October 1, 2022, respectively. As of October 1, 2022, total contract liabilities were $186.7 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of October 1, 2022 was $177.3 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $16.1 million of this amount in the fourth quarter of 2022, $53.9 million in 2023, and $107.3 million thereafter.