Revenue Recognition (Notes)

9 Months Ended

Sep. 28, 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
	September 28, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	308.1	$	235.9	$	106.3	$	290.2	$	940.5
Europe	70.9		31.2		48.6		19.3		170.0
Asia-Pacific	38.3		27.6		18.9		4.3		89.1
Canada	20.0		28.6		3.0		25.2		76.8
Rest-of-World	48.6		12.8		7.3		6.3		75.0
Segment Eliminations	(58.8)		(1.4)		(17.9)		—		(78.1)
Total	$	427.1	$	334.7	$	166.2	$	345.3	$	1,273.3
	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

	Nine Months Ended
	September 28, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	1,037.4	$	660.9	$	355.3	$	961.4	$	3,015.0
Europe	255.0		90.7		169.7		93.8		609.2
Asia-Pacific	125.6		75.8		51.9		15.0		268.3
Canada	50.2		65.8		10.8		106.3		233.1
Rest-of-World	153.9		41.4		17.4		28.7		241.4
Segment Eliminations	(212.7)		(5.1)		(67.0)		—		(284.8)
Total	$	1,409.4	$	929.5	$	538.1	$	1,205.2	$	4,082.2
	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

	Three Months Ended
	September 28, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	373.5	$	—	$	—	$	—	$	373.5
Controls, Rigging, and Propellers	83.7		—		—		—		83.7
Sterndrive Engines	28.7		—		—		—		28.7
Distribution	—		182.3		—		—		182.3
Products	—		153.8		—		—		153.8
Navico Group	—		—		184.1		—		184.1
Aluminum Freshwater Boats	—		—		—		119.7		119.7
Recreational Fiberglass Boats	—		—		—		88.3		88.3
Saltwater Fishing Boats	—		—		—		90.3		90.3
Business Acceleration	—		—		—		50.0		50.0
Boat Eliminations/Other	—		—		—		(3.0)		(3.0)
Segment Eliminations	(58.8)		(1.4)		(17.9)		—		(78.1)
Total	$	427.1	$	334.7	$	166.2	$	345.3	$	1,273.3
	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	—		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

	Nine Months Ended
	September 28, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	1,247.1	$	—	$	—	$	—	$	1,247.1
Controls, Rigging, and Propellers	274.7		—		—		—		274.7
Sterndrive Engines	100.3		—		—		—		100.3
Distribution	—		530.5		—		—		530.5
Products	—		404.1		—		—		404.1
Navico Group	—		—		605.1		—		605.1
Aluminum Freshwater Boats	—		—		—		418.1		418.1
Recreational Fiberglass Boats	—		—		—		356.0		356.0
Saltwater Fishing Boats	—		—		—		307.5		307.5
Business Acceleration	—		—		—		153.8		153.8
Boat Eliminations/Other	—		—		—		(30.2)		(30.2)
Segment Eliminations	(212.7)		(5.1)		(67.0)		—		(284.8)
Total	$	1,409.4	$	929.5	$	538.1	$	1,205.2	$	4,082.2
	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	—		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

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 $53.0 million were recognized as revenue during the nine months ended September 28, 2024. As of September 28, 2024, total contract liabilities were $201.4 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of September 28, 2024 was $196.4 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $20.7 million of this amount in 2024, $64.8 million in 2025, and $110.9 million thereafter.