Sales (Tables)

9 Months Ended

Sep. 28, 2018

Revenue from Contract with Customer [Abstract]

Contract liabilities

Our contract liabilities consisted of the following ($ in millions):

	September 28, 2018		December 31, 2017
Deferred revenue - current	$	241.6	$	213.4
Deferred revenue - noncurrent	91.7		86.9
Total contract liabilities	$	333.3	$	300.3

Remaining performance obligations

The aggregate performance obligations attributable to each of our segments is as follows ($ in millions):

	September 28, 2018
Professional Instrumentation	$	123.6
Industrial Technologies	440.6
Total remaining performance obligations	$	564.2

Disaggregation of revenue

Disaggregation of revenue for the nine months ended September 28, 2018 is presented as follows ($ in millions):

	Total		Professional Instrumentation		Industrial Technologies
Geographic:
United States	$	2,954.9	$	1,324.1	$	1,630.8
China	460.2		299.4		160.8
Germany	255.8		102.4		153.4
All other (each country individually less than 5% of total sales)	1,765.9		928.9		837.0
Total	$	5,436.8	$	2,654.8	$	2,782.0
Major Products Group:
Professional tools and equipment	$	3,609.0	$	2,155.6	$	1,453.4
Industrial automation, controls and sensors	979.4		309.1		670.3
Franchise distribution	486.0		—		486.0
All other	362.4		190.1		172.3
Total	$	5,436.8	$	2,654.8	$	2,782.0
End markets:
Direct sales:
Retail fueling (a)	$	1,256.1	$	—	$	1,256.1
Industrial & Manufacturing	503.2		279.2		224.0
Vehicle repair (a)	442.9		—		442.9
Utilities & Power	134.6		132.6		2.0
Other	1,613.7		989.4		624.3
Total direct sales	3,950.5		1,401.2		2,549.3
Distributors(a)	1,486.3		1,253.6		232.7
Total	$	5,436.8	$	2,654.8	$	2,782.0
(a) Retail fueling and vehicle repair include sales to these end markets made through third-party distributors. Total distributor sales for the nine months ended September 28, 2018 was $2,484.2 million.

Disaggregation of revenue for the nine months ended September 29, 2017 is presented as follows ($ in millions):

	Total		Professional Instrumentation		Industrial Technologies
Geographic:
United States	$	2,670.7	$	1,068.9	$	1,601.8
China	395.0		267.1		127.9
Germany	221.8		90.2		131.6
All other (each country individually less than 5% of total sales)	1,561.8		835.7		726.1
Total	$	4,849.3	$	2,261.9	$	2,587.4
Major Products Group:
Professional tools and equipment	$	3,122.0	$	1,769.2	$	1,352.8
Industrial automation, controls and sensors	899.8		294.2		605.6
Franchise distribution	476.5		—		476.5
All other	351.0		198.5		152.5
Total	$	4,849.3	$	2,261.9	$	2,587.4
End markets:
Direct sales:
Retail fueling (a)	$	1,179.9	$	—	$	1,179.9
Industrial & Manufacturing	357.6		190.6		167.0
Vehicle repair (a)	433.8		—		433.8
Utilities & Power	152.3		149.3		3.0
Other	1,447.4		854.7		592.7
Total direct sales	3,571.0		1,194.6		2,376.4
Distributors(a)	1,278.3		1,067.3		211.0
Total	$	4,849.3	$	2,261.9	$	2,587.4
(a) Retail fueling and vehicle repair include sales to these end markets made through third-party distributors. Total distributor sales for the nine months ended September 29, 2017 was $2,319.2 million.

Disaggregation of revenue for the three months ended September 29, 2017 is presented as follows ($ in millions):

	Total		Professional Instrumentation		Industrial Technologies
Geographic:
United States	$	935.0	$	384.8	$	550.2
China	130.9		84.7		46.2
Germany	80.5		34.0		46.5
All other (each country individually less than 5% of total sales)	538.9		283.3		255.6
Total	$	1,685.3	$	786.8	$	898.5
Major Products Group:
Professional tools and equipment	$	1,105.4	$	617.3	$	488.1
Industrial automation, controls and sensors	303.5		99.6		203.9
Franchise distribution	155.3		—		155.3
All other	121.1		69.9		51.2
Total	$	1,685.3	$	786.8	$	898.5
End markets:
Direct sales:
Retail fueling (a)	$	431.9	$	—	$	431.9
Industrial & Manufacturing	144.1		68.0		76.1
Vehicle repair (a)	140.3		—		140.3
Utilities & Power	55.1		54.4		0.7
Other	488.2		304.8		183.4
Total direct sales	1,259.6		427.2		832.4
Distributors(a)	425.7		359.6		66.1
Total	$	1,685.3	$	786.8	$	898.5
(a) Retail fueling and vehicle repair include sales to these end markets made through third-party distributors. Total distributor sales for the three months ended September 29, 2017 was $783.4 million.

Disaggregation of revenue for the three months ended September 28, 2018 is presented as follows ($ in millions):

	Total		Professional Instrumentation		Industrial Technologies
Geographic:
United States	$	1,044.5	$	479.8	$	564.7
China	142.1		90.1		52.0
Germany	85.0		34.5		50.5
All other (each country individually less than 5% of total sales)	568.5		289.7		278.8
Total	$	1,840.1	$	894.1	$	946.0
Major Products Group:
Professional tools and equipment	$	1,243.0	$	729.3	$	513.7
Industrial automation, controls and sensors	318.1		99.7		218.4
Franchise distribution	160.9		—		160.9
All other	118.1		65.1		53.0
Total	$	1,840.1	$	894.1	$	946.0
End markets:
Direct sales:
Retail fueling (a)	$	446.9	$	—	$	446.9
Industrial & Manufacturing	171.7		91.6		80.1
Vehicle repair (a)	146.4		—		146.4
Utilities & Power	32.0		31.2		0.8
Other	553.8		356.4		197.4
Total direct sales	1,350.8		479.2		871.6
Distributors(a)	489.3		414.9		74.4
Total	$	1,840.1	$	894.1	$	946.0
(a) Retail fueling and vehicle repair include sales to these end markets made through third-party distributors. Total distributor sales for the three months ended September 28, 2018 was $837 million.