Sales (Tables)

3 Months Ended

Mar. 29, 2019

Revenue from Contract with Customer [Abstract]

Contract liabilities

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

	March 29, 2019		December 31, 2018
Deferred revenue - current	$	306.2	$	288.1
Deferred revenue - noncurrent	97.3		92.6
Total contract liabilities	$	403.5	$	380.7

Remaining performance obligations

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

	March 29, 2019
Professional Instrumentation	$	147.2
Industrial Technologies	408.9
Total remaining performance obligations	$	556.1

Disaggregation of revenue

Disaggregation of revenue for the three months ended March 30, 2018 is presented as follows ($ in millions):

	Total		Professional Instrumentation		Industrial Technologies
Sales:
Sales of products	$	1,332.4	$	776.6	$	555.8
Sales of services	159.8		95.1		64.7
Total	$	1,492.2	$	871.7	$	620.5
Geographic:
United States	$	788.7	$	406.4	$	382.3
China	143.6		125.1		18.5
Germany	58.3		35.9		22.4
All other (each country individually less than 5% of total sales)	501.6		304.3		197.3
Total	$	1,492.2	$	871.7	$	620.5
Major Products Group:
Professional tools and equipment	$	1,119.2	$	704.7	$	414.5
Industrial automation, controls and sensors	138.0		105.0		33.0
Franchise distribution	173.0		—		173.0
All other	62.0		62.0		—
Total	$	1,492.2	$	871.7	$	620.5
End markets:
Direct sales:
Retail fueling (a)	$	348.3	$	—	$	348.3
Industrial & Manufacturing	105.5		90.4		15.1
Vehicle repair (a)	158.8		—		158.8
Utilities & Power	55.4		55.4		—
Other	381.9		301.2		80.7
Total direct sales	1,049.9		447.0		602.9
Distributors(a)	442.3		424.7		17.6
Total	$	1,492.2	$	871.7	$	620.5
(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 March 30, 2018 was $728.1 million.

Disaggregation of revenue for the three months ended March 29, 2019 is presented as follows ($ in millions):

	Total		Professional Instrumentation		Industrial Technologies
Sales:
Sales of products	$	1,405.1	$	825.8	$	579.3
Sales of services	187.8		121.5		66.3
Total	$	1,592.9	$	947.3	$	645.6
Geographic:
United States	$	887.6	$	486.0	$	401.6
China	150.0		128.4		21.6
Germany	57.6		32.4		25.2
All other (each country individually less than 5% of total sales)	497.7		300.5		197.2
Total	$	1,592.9	$	947.3	$	645.6
Major Products Group:
Professional tools and equipment	$	1,226.9	$	780.3	$	446.6
Industrial automation, controls and sensors	130.0		100.0		30.0
Franchise distribution	169.0		—		169.0
All other	67.0		67.0		—
Total	$	1,592.9	$	947.3	$	645.6
End markets:
Direct sales:
Retail fueling (a)	$	388.2	$	—	$	388.2
Industrial & Manufacturing	109.6		96.8		12.8
Vehicle repair (a)	153.8		—		153.8
Utilities & Power	49.6		49.6		—
Other	463.0		391.1		71.9
Total direct sales	1,164.2		537.5		626.7
Distributors(a)	428.7		409.8		18.9
Total	$	1,592.9	$	947.3	$	645.6
(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 March 29, 2019 was $745.2 million.