Revenue Recognition (Notes)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue Recognition

The following tables present 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
	September 30, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	498.2	$	248.0	$	137.4	$	345.6	$	1,229.2
Europe	88.0		30.3		48.0		28.2		194.5
Asia-Pacific	46.5		25.0		19.1		8.3		98.9
Canada	26.8		28.4		3.8		37.2		96.2
Rest-of-World	58.7		12.9		5.1		9.3		86.0
Segment Eliminations	(86.2)		(2.0)		(23.0)		—		(111.2)
Total	$	632.0	$	342.6	$	190.4	$	428.6	$	1,593.6
	Three Months Ended
	October 1, 2022
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	514.1	$	257.1	$	155.1	$	397.7	$	1,324.0
Europe	75.1		28.4		48.2		39.3		191.0
Asia-Pacific	49.7		29.0		23.3		7.8		109.8
Canada	28.4		33.6		3.7		57.1		122.8
Rest-of-World	47.1		12.2		4.5		8.8		72.6
Segment Eliminations	(99.2)		(1.6)		(21.2)		—		(122.0)
Total	$	615.2	$	358.7	$	213.6	$	510.7	$	1,698.2

	Nine Months Ended
	September 30, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	1,490.8	$	693.3	$	459.3	$	1,203.8	$	3,847.2
Europe	293.4		86.2		173.9		135.6		689.1
Asia-Pacific	154.8		76.7		56.3		23.9		311.7
Canada	75.8		69.2		13.4		173.4		331.8
Rest-of-World	158.3		36.7		15.6		27.9		238.5
Segment Eliminations	(291.3)		(5.8)		(81.3)		(0.4)		(378.8)
Total	$	1,881.8	$	956.3	$	637.2	$	1,564.2	$	5,039.5
	Nine Months Ended
	October 1, 2022
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	1,450.4	$	758.3	$	541.7	$	1,189.2	$	3,939.6
Europe	306.9		97.0		188.6		140.9		733.4
Asia-Pacific	172.5		88.8		69.5		24.4		355.2
Canada	86.1		86.0		20.9		189.7		382.7
Rest-of-World	138.6		40.0		11.8		27.7		218.1
Segment Eliminations	(310.7)		(5.8)		(82.8)		(0.2)		(399.5)
Total	$	1,843.8	$	1,064.3	$	749.7	$	1,571.7	$	5,229.5

	Three Months Ended
	September 30, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	580.3	$	—	$	—	$	—	$	580.3
Controls, Rigging, and Propellers	99.7		—		—		—		99.7
Sterndrive Engines	38.2		—		—		—		38.2
Distribution Parts & Accessories	—		186.0		—		—		186.0
Products	—		158.6		—		—		158.6
Navico Group	—		—		213.4		—		213.4
Aluminum Freshwater Boats	—		—		—		141.3		141.3
Recreational Fiberglass Boats	—		—		—		137.0		137.0
Saltwater Fishing Boats	—		—		—		110.4		110.4
Business Acceleration	—		—		—		43.6		43.6
Boat Eliminations/Other	—		—		—		(3.7)		(3.7)
Segment Eliminations	(86.2)		(2.0)		(23.0)		—		(111.2)
Total	$	632.0	$	342.6	$	190.4	$	428.6	$	1,593.6
	Three Months Ended
	October 1, 2022
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	565.2	$	—	$	—	$	—	$	565.2
Controls, Rigging, and Propellers	96.9		—		—		—		96.9
Sterndrive Engines	52.3		—		—		—		52.3
Distribution Parts & Accessories	—		207.7		—		—		207.7
Products	—		152.6		—		—		152.6
Navico Group	—		—		234.8		—		234.8
Aluminum Freshwater Boats	—		—		—		208.2		208.2
Recreational Fiberglass Boats	—		—		—		180.8		180.8
Saltwater Fishing Boats	—		—		—		86.6		86.6
Business Acceleration	—		—		—		38.7		38.7
Boat Eliminations/Other	—		—		—		(3.6)		(3.6)
Segment Eliminations	(99.2)		(1.6)		(21.2)		—		(122.0)
Total	$	615.2	$	358.7	$	213.6	$	510.7	$	1,698.2

	Nine Months Ended
	September 30, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	1,726.1	$	—	$	—	$	—	$	1,726.1
Controls, Rigging, and Propellers	310.8		—		—		—		310.8
Sterndrive Engines	136.2		—		—		—		136.2
Distribution Parts & Accessories	—		558.5		—		—		558.5
Products	—		403.6		—		—		403.6
Navico Group	—		—		718.5		—		718.5
Aluminum Freshwater Boats	—		—		—		582.0		582.0
Recreational Fiberglass Boats	—		—		—		522.5		522.5
Saltwater Fishing Boats	—		—		—		348.4		348.4
Business Acceleration	—		—		—		129.9		129.9
Boat Eliminations/Other	—		—		—		(18.2)		(18.2)
Segment Eliminations	(291.3)		(5.8)		(81.3)		(0.4)		(378.8)
Total	$	1,881.8	$	956.3	$	637.2	$	1,564.2	$	5,039.5
	Nine Months Ended
	October 1, 2022
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	1,677.1	$	—	$	—	$	—	$	1,677.1
Controls, Rigging, and Propellers	301.8		—		—		—		301.8
Sterndrive Engines	175.6		—		—		—		175.6
Distribution Parts & Accessories	—		642.7		—		—		642.7
Products	—		427.4		—		—		427.4
Navico Group	—		—		832.5		—		832.5
Aluminum Freshwater Boats	—		—		—		666.2		666.2
Recreational Fiberglass Boats	—		—		—		532.6		532.6
Saltwater Fishing Boats	—		—		—		286.1		286.1
Business Acceleration	—		—		—		94.1		94.1
Boat Eliminations/Other	—		—		—		(7.1)		(7.1)
Segment Eliminations	(310.7)		(5.8)		(82.8)		(0.2)		(399.5)
Total	$	1,843.8	$	1,064.3	$	749.7	$	1,571.7	$	5,229.5

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 $12.8 million and $45.9 million were recognized as revenue during the three and nine months ended September 30, 2023, respectively. As of September 30, 2023, total contract liabilities were $193.6 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of September 30, 2023 was $187.2 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $20.3 million of this amount in 2023, $58.0 million in 2024, and $108.9 million thereafter.