Revenue

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue

5. Revenue

The Company disaggregates revenues from contracts with customers by both geographic reportable segments and revenue contract types. Geographic reportable segmentation is pertinent to understanding Univar Solutions’ revenues, as it aligns to how the Company reviews the financial performance of its operations. Revenue contract types are differentiated by the type of good or service Univar Solutions offers customers, since the contractual terms necessary for revenue recognition are unique to each of the identified revenue contract types.

The following tables disaggregate external customer net sales by major stream:

	USA		EMEA		Canada		LATAM		Consolidated
(in millions)	Three months ended March 31, 2020
Chemical Distribution	$	1,270.5	$	459.9	$	208.3	$	105.3	$	2,044.0
Crop Sciences	—		—		64.4		—		64.4
Services	87.0		0.4		13.1		2.3		102.8
Total external customer net sales	$	1,357.5	$	460.3	$	285.8	$	107.6	$	2,211.2

	USA		EMEA		Canada		LATAM		Consolidated
(in millions)	Three months ended March 31, 2019
Chemical Distribution	$	1,247.5	$	483.4	$	211.7	$	92.6	$	2,035.2
Crop Sciences	—		—		50.5		—		50.5
Services	59.7		0.3		11.6		2.7		74.3
Total external customer net sales	$	1,307.2	$	483.7	$	273.8	$	95.3	$	2,160.0

Deferred revenue

Deferred revenues are recognized as a contract liability when customers provide Univar Solutions with consideration prior to the Company satisfying a performance obligation. The following table provides information pertaining to the deferred revenue balance and account activity:

(in millions)
Deferred revenue as of January 1, 2020	$	65.5
Deferred revenue as of March 31, 2020	43.0
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	63.9

The deferred revenue balances are all expected to have a duration of one year or less and are recorded within the other accrued expenses line item of the condensed consolidated balance sheets.