Revenue Recognition (Notes)

3 Months Ended

Apr. 01, 2023

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 1, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	495.8	$	202.9	$	182.3	$	440.0	$	1,321.0
Europe	115.5		27.0		65.4		51.1		259.0
Asia-Pacific	58.5		27.9		18.6		7.3		112.3
Canada	28.4		18.8		5.2		65.9		118.3
Rest-of-World	53.4		12.0		5.8		10.9		82.1
Segment Eliminations	(113.7)		(2.0)		(33.1)		(0.3)		(149.1)
Total	$	637.9	$	286.6	$	244.2	$	574.9	$	1,743.6
	Three Months Ended
	April 2, 2022
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	452.7	$	224.6	$	203.1	$	368.4	$	1,248.8
Europe	113.4		35.5		73.2		45.6		267.7
Asia-Pacific	63.3		32.1		22.2		9.1		126.7
Canada	33.2		24.0		8.3		62.2		127.7
Rest-of-World	43.3		14.1		4.8		7.5		69.7
Segment Eliminations	(109.2)		(2.1)		(33.6)		—		(144.9)
Total	$	596.7	$	328.2	$	278.0	$	492.8	$	1,695.7

	Three Months Ended
	April 1, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	593.2	$	—	$	—	$	—	$	593.2
Controls, Rigging, and Propellers	106.0		—		—		—		106.0
Sterndrive Engines	52.4		—		—		—		52.4
Distribution Parts & Accessories	—		175.3		—		—		175.3
Products	—		113.3		—		—		113.3
Navico Group	—		—		277.3		—		277.3
Aluminum Freshwater Boats	—		—		—		230.4		230.4
Recreational Fiberglass Boats	—		—		—		198.4		198.4
Saltwater Fishing Boats	—		—		—		113.1		113.1
Business Acceleration	—		—		—		39.8		39.8
Boat Eliminations/Other	—		—		—		(6.5)		(6.5)
Segment Eliminations	(113.7)		(2.0)		(33.1)		(0.3)		(149.1)
Total	$	637.9	$	286.6	$	244.2	$	574.9	$	1,743.6
	Three Months Ended
	April 2, 2022
(in millions)	Propulsion		Engine P&A		Navico Group		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
Products	—		126.8		—		—		126.8
Navico Group	—		—		311.6		—		311.6
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)		(2.1)		(33.6)		—		(144.9)
Total	$	596.7	$	328.2	$	278.0	$	492.8	$	1,695.7

As of December 31, 2022, $178.5 million of contract liabilities associated with extended warranties and customer deposits were reported in Accrued expenses and Other long-term liabilities, of which $19.0 million were recognized as revenue during the three months ended April 1, 2023. As of April 1, 2023, total contract liabilities were $189.4 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of April 1, 2023 was $179.9 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $48.8 million of this amount in 2023, $40.4 million in 2024, and $90.7 million thereafter.