Revenue Recognition (Notes)

6 Months Ended

Jun. 29, 2024

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
	June 29, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	350.6	$	245.5	$	125.5	$	337.5	$	1,059.1
Europe	97.1		32.1		59.4		34.5		223.1
Asia-Pacific	43.5		22.8		17.0		5.2		88.5
Canada	14.2		22.0		3.6		43.6		83.4
Rest-of-World	52.6		13.7		4.6		13.4		84.3
Segment Eliminations	(71.5)		(2.0)		(21.0)		—		(94.5)
Total	$	486.5	$	334.1	$	189.1	$	434.2	$	1,443.9
	Three Months Ended
	July 1, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	496.8	$	242.4	$	139.6	$	418.2	$	1,297.0
Europe	89.9		28.9		60.5		56.3		235.6
Asia-Pacific	49.8		23.8		18.6		8.3		100.5
Canada	20.6		22.0		4.4		70.3		117.3
Rest-of-World	46.2		11.8		4.7		7.7		70.4
Segment Eliminations	(91.4)		(1.8)		(25.2)		(0.1)		(118.5)
Total	$	611.9	$	327.1	$	202.6	$	560.7	$	1,702.3

	Six Months Ended
	June 29, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	729.3	$	425.0	$	249.0	$	671.2	$	2,074.5
Europe	184.1		59.5		121.1		74.5		439.2
Asia-Pacific	87.3		48.2		33.0		10.7		179.2
Canada	30.2		37.2		7.8		81.1		156.3
Rest-of-World	105.3		28.6		10.1		22.4		166.4
Segment Eliminations	(153.9)		(3.7)		(49.1)		—		(206.7)
Total	$	982.3	$	594.8	$	371.9	$	859.9	$	2,808.9
	Six Months Ended
	July 1, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	992.6	$	445.3	$	321.9	$	858.2	$	2,618.0
Europe	205.4		55.9		125.9		107.4		494.6
Asia-Pacific	108.3		51.7		37.2		15.6		212.8
Canada	49.0		40.8		9.6		136.2		235.6
Rest-of-World	99.6		23.8		10.5		18.6		152.5
Segment Eliminations	(205.1)		(3.8)		(58.3)		(0.4)		(267.6)
Total	$	1,249.8	$	613.7	$	446.8	$	1,135.6	$	3,445.9

	Three Months Ended
	June 29, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	423.1	$	—	$	—	$	—	$	423.1
Controls, Rigging, and Propellers	100.6		—		—		—		100.6
Sterndrive Engines	34.3		—		—		—		34.3
Distribution	—		195.8		—		—		195.8
Products	—		140.3		—		—		140.3
Navico Group	—		—		210.1		—		210.1
Aluminum Freshwater Boats	—		—		—		148.2		148.2
Recreational Fiberglass Boats	—		—		—		132.4		132.4
Saltwater Fishing Boats	—		—		—		110.0		110.0
Business Acceleration	—		—		—		54.6		54.6
Boat Eliminations/Other	—		—		—		(11.0)		(11.0)
Segment Eliminations	(71.5)		(2.0)		(21.0)		—		(94.5)
Total	$	486.5	$	334.1	$	189.1	$	434.2	$	1,443.9
	Three Months Ended
	July 1, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	552.6	$	—	$	—	$	—	$	552.6
Controls, Rigging, and Propellers	105.1		—		—		—		105.1
Sterndrive Engines	45.6		—		—		—		45.6
Distribution	—		197.2		—		—		197.2
Products	—		131.7		—		—		131.7
Navico Group	—		—		227.8		—		227.8
Aluminum Freshwater Boats	—		—		—		210.3		210.3
Recreational Fiberglass Boats	—		—		—		187.1		187.1
Saltwater Fishing Boats	—		—		—		124.9		124.9
Business Acceleration	—		—		—		46.5		46.5
Boat Eliminations/Other	—		—		—		(8.0)		(8.0)
Segment Eliminations	(91.4)		(1.8)		(25.2)		(0.1)		(118.5)
Total	$	611.9	$	327.1	$	202.6	$	560.7	$	1,702.3

	Six Months Ended
	June 29, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	873.6	$	—	$	—	$	—	$	873.6
Controls, Rigging, and Propellers	191.0		—		—		—		191.0
Sterndrive Engines	71.6		—		—		—		71.6
Distribution	—		348.2		—		—		348.2
Products	—		250.3		—		—		250.3
Navico Group	—		—		421.0		—		421.0
Aluminum Freshwater Boats	—		—		—		298.4		298.4
Recreational Fiberglass Boats	—		—		—		267.7		267.7
Saltwater Fishing Boats	—		—		—		217.2		217.2
Business Acceleration	—		—		—		103.8		103.8
Boat Eliminations/Other	—		—		—		(27.2)		(27.2)
Segment Eliminations	(153.9)		(3.7)		(49.1)		—		(206.7)
Total	$	982.3	$	594.8	$	371.9	$	859.9	$	2,808.9
	Six Months Ended
	July 1, 2023
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	1,145.8	$	—	$	—	$	—	$	1,145.8
Controls, Rigging, and Propellers	211.1		—		—		—		211.1
Sterndrive Engines	98.0		—		—		—		98.0
Distribution	—		372.5		—		—		372.5
Products	—		245.0		—		—		245.0
Navico Group	—		—		505.1		—		505.1
Aluminum Freshwater Boats	—		—		—		440.7		440.7
Recreational Fiberglass Boats	—		—		—		385.5		385.5
Saltwater Fishing Boats	—		—		—		238.0		238.0
Business Acceleration	—		—		—		86.3		86.3
Boat Eliminations/Other	—		—		—		(14.5)		(14.5)
Segment Eliminations	(205.1)		(3.8)		(58.3)		(0.4)		(267.6)
Total	$	1,249.8	$	613.7	$	446.8	$	1,135.6	$	3,445.9

As of December 31, 2023, $187.1 million of contract liabilities associated with extended warranties, deferred revenue and customer deposits were reported in Accrued expenses and Other long-term liabilities, of which $39.4 million were recognized as revenue during the six months ended June 29, 2024. As of June 29, 2024, total contract liabilities were $198.2 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of June 29, 2024 was $191.6 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $38.7 million of this amount in 2024, $47.2 million in 2025, and $105.7 million thereafter.