Revenue Recognition (Notes)

3 Months Ended

Mar. 29, 2025

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
	March 29, 2025
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	300.2	$	181.0	$	125.0	$	298.9	$	905.1
Europe	82.6		24.6		58.5		29.4		195.1
Asia-Pacific	40.0		24.6		15.1		3.9		83.6
Canada	17.0		12.9		4.4		35.1		69.4
Rest-of-World	47.2		12.2		5.2		4.8		69.4
Segment Eliminations	(73.3)		(2.4)		(24.7)		(0.4)		(100.8)
Total	$	413.7	$	252.9	$	183.5	$	371.7	$	1,221.8
	Three Months Ended
	March 30, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Geographic Markets
United States	$	378.7	$	179.5	$	123.5	$	333.7	$	1,015.4
Europe	87.0		27.4		61.7		40.0		216.1
Asia-Pacific	43.8		25.4		16.0		5.5		90.7
Canada	16.0		15.2		4.2		37.5		72.9
Rest-of-World	52.7		14.9		5.5		9.0		82.1
Segment Eliminations	(82.4)		(1.7)		(28.1)		—		(112.2)
Total	$	495.8	$	260.7	$	182.8	$	425.7	$	1,365.0

	Three Months Ended
	March 29, 2025
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	376.5	$	—	$	—	$	—	$	376.5
Controls, Rigging, and Propellers	80.2		—		—		—		80.2
Sterndrive Engines	30.3		—		—		—		30.3
Distribution	—		155.4		—		—		155.4
Products	—		99.9		—		—		99.9
Navico Group	—		—		208.2		—		208.2
Aluminum Freshwater Boats	—		—		—		140.7		140.7
Recreational Fiberglass Boats	—		—		—		117.2		117.2
Saltwater Fishing Boats	—		—		—		80.8		80.8
Business Acceleration	—		—		—		51.6		51.6
Boat Eliminations/Other	—		—		—		(18.2)		(18.2)
Segment Eliminations	(73.3)		(2.4)		(24.7)		(0.4)		(100.8)
Total	$	413.7	$	252.9	$	183.5	$	371.7	$	1,221.8
	Three Months Ended
	March 30, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
Major Product Lines
Outboard Engines	$	450.5	$	—	$	—	$	—	$	450.5
Controls, Rigging, and Propellers	90.4		—		—		—		90.4
Sterndrive Engines	37.3		—		—		—		37.3
Distribution	—		152.4		—		—		152.4
Products	—		110.0		—		—		110.0
Navico Group	—		—		210.9		—		210.9
Aluminum Freshwater Boats	—		—		—		150.2		150.2
Recreational Fiberglass Boats	—		—		—		135.3		135.3
Saltwater Fishing Boats	—		—		—		107.2		107.2
Business Acceleration	—		—		—		49.2		49.2
Boat Eliminations/Other	—		—		—		(16.2)		(16.2)
Segment Eliminations	(82.4)		(1.7)		(28.1)		—		(112.2)
Total	$	495.8	$	260.7	$	182.8	$	425.7	$	1,365.0

As of December 31, 2024, $191.2 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 $19.5 million were recognized as revenue during the three months ended March 29, 2025. As of March 29, 2025, total contract liabilities were $201.2 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of March 29, 2025 was $195.0 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $50.9 million of this amount in 2025, $51.8 million in 2026, and $92.3 million thereafter.