XML 72 R32.htm IDEA: XBRL DOCUMENT v3.19.3
Sales (Tables)
9 Months Ended
Sep. 27, 2019
Revenue from Contract with Customer [Abstract]  
Contract liabilities
Our contract liabilities consisted of the following ($ in millions):
 
September 27, 2019
 
December 31, 2018
Deferred revenue - current
$
384.7

 
$
288.1

Deferred revenue - noncurrent
97.0

 
92.6

Total contract liabilities
$
481.7

 
$
380.7


Remaining performance obligations
The aggregate performance obligations attributable to each of our segments is as follows ($ in millions):
 
September 27, 2019
Professional Instrumentation
$
144.4

Industrial Technologies
395.9

Total remaining performance obligations
$
540.3


Disaggregation of revenue Disaggregation of revenue for the three months ended September 27, 2019 is presented as follows ($ in millions):
 
Total
 
Professional Instrumentation
 
Industrial Technologies
Sales:
 
 
 
 
 
Sales of products
$
1,624.6

 
$
955.4

 
$
669.2

Sales of services
235.4

 
160.8

 
74.6

Total
$
1,860.0

 
$
1,116.2

 
$
743.8

 
 
 
 
 
 
Geographic:
 
 
 
 
 
United States
$
1,088.6

 
$
601.7

 
$
486.9

China
142.0

 
115.9

 
26.1

All other (each country individually less than 5% of total sales)
629.4

 
398.6

 
230.8

Total
$
1,860.0

 
$
1,116.2

 
$
743.8

 
 
 
 
 
 
Major Products Group:
 
 
 
 
 
Professional tools and equipment
$
1,240.1

 
$
688.5

 
$
551.6

Industrial automation, controls and sensors
116.3

 
87.9

 
28.4

Franchise distribution
162.8

 

 
162.8

Medical technologies
274.1

 
273.1

 
1.0

All other
66.7

 
66.7

 

Total
$
1,860.0

 
$
1,116.2

 
$
743.8

 
 
 
 
 
 
End markets:
 
 
 
 
 
Direct sales:
 
 
 
 
 
  Retail fueling (a)
$
495.7

 
$

 
$
495.7

  Industrial & Manufacturing
108.2

 
93.5

 
14.7

  Vehicle repair (a)
147.5

 

 
147.5

  Utilities & Power
48.3

 
48.3

 

Medical (a)
274.1

 
273.1

 
1.0

  Other
406.7

 
341.0

 
65.7

     Total direct sales
1,480.5

 
755.9

 
724.6

Distributors(a)
379.5

 
360.3

 
19.2

Total
$
1,860.0

 
$
1,116.2

 
$
743.8

 
 
 
 
 
 
(a) Retail fueling, vehicle repair and medical include sales to these end markets made through third-party distributors. Total distributor sales for the three months ended September 27, 2019 was $778.6 million.

Disaggregation of revenue for the three months ended September 28, 2018 is presented as follows ($ in millions):
 
Total
 
Professional Instrumentation
 
Industrial Technologies
Sales:
 
 
 
 
 
Sales of products
$
1,430.1

 
$
785.2

 
$
644.9

Sales of services
171.1

 
108.9

 
62.2

Total
$
1,601.2

 
$
894.1

 
$
707.1

 
 
 
 
 
 
Geographic:
 
 
 
 
 
United States
$
909.4

 
$
473.1

 
$
436.3

China
133.1

 
105.1

 
28.0

All other (each country individually less than 5% of total sales)
558.7

 
315.9

 
242.8

Total
$
1,601.2

 
$
894.1

 
$
707.1

 
 
 
 
 
 
Major Products Group:
 
 
 
 
 
Professional tools and equipment
$
1,162.6

 
$
648.5

 
$
514.1

Industrial automation, controls and sensors
122.4

 
92.2

 
30.2

Franchise distribution
161.0

 

 
161.0

Medical technologies (c)
96.1

 
94.3

 
1.8

All other
59.1

 
59.1

 

Total
$
1,601.2

 
$
894.1

 
$
707.1

 
 
 
 
 
 
End markets:
 
 
 
 
 
Direct sales:
 
 
 
 
 
  Retail fueling (a)
$
447.0

 
$

 
$
447.0

  Industrial & Manufacturing
111.5

 
91.6

 
19.9

  Vehicle repair (a)
146.4

 

 
146.4

  Utilities & Power
31.2

 
31.2

 

Medical (a) (b)
96.1

 
94.3

 
1.8

  Other
349.6

 
273.5

 
76.1

     Total direct sales
1,181.8

 
490.6

 
691.2

Distributors(a)
419.4

 
403.5

 
15.9

Total
$
1,601.2

 
$
894.1

 
$
707.1

 
 
 
 
 
 
(a) Retail fueling, vehicle repair and medical include sales to these end markets made through third-party distributors. Total distributor sales for the three months ended September 28, 2018 was $779.3 million.
(b) Sales were previously disclosed in Other.
(c) Sales were previously disclosed in Professional tools and equipment, Industrial automation, controls and sensors and All other.

Disaggregation of revenue for the nine months ended September 27, 2019 is presented as follows ($ in millions):
 
Total
 
Professional Instrumentation
 
Industrial Technologies
Sales:
 
 
 
 
 
Sales of products
$
4,652.7

 
$
2,747.7

 
$
1,905.0

Sales of services
664.9

 
449.1

 
215.8

Total
$
5,317.6

 
$
3,196.8

 
$
2,120.8

 
 
 
 
 
 
Geographic:
 
 
 
 
 
United States
$
3,053.9

 
$
1,703.3

 
$
1,350.6

China
446.3

 
370.7

 
75.6

All other (each country individually less than 5% of total sales)
1,817.4

 
1,122.8

 
694.6

Total
$
5,317.6

 
$
3,196.8

 
$
2,120.8

 
 
 
 
 
 
Major Products Group:
 
 
 
 
 
Professional tools and equipment
$
3,648.0

 
$
2,105.3

 
$
1,542.7

Industrial automation, controls and sensors
363.6

 
276.8

 
86.8

Franchise distribution
486.0

 

 
486.0

Medical technologies (c)
638.4

 
633.1

 
5.3

All other
181.6

 
181.6

 

Total
$
5,317.6

 
$
3,196.8

 
$
2,120.8

 
 
 
 
 
 
End markets:
 
 
 
 
 
Direct sales:
 
 
 
 
 
  Retail fueling (a)
$
1,370.2

 
$

 
$
1,370.2

  Industrial & Manufacturing
331.9

 
287.7

 
44.2

  Vehicle repair (a)
440.8

 

 
440.8

  Utilities & Power
147.0

 
147.0

 

Medical (a) (b)
638.4

 
633.1

 
5.3

  Other
1,175.9

 
971.8

 
204.1

     Total direct sales
4,104.2

 
2,039.6

 
2,064.6

Distributors(a)
1,213.4

 
1,157.2

 
56.2

Total
$
5,317.6

 
$
3,196.8

 
$
2,120.8

 
 
 
 
 
 
(a) Retail fueling, vehicle repair and medical include sales to these end markets made through third-party distributors. Total distributor sales for the nine months ended September 27, 2019 was $2,296.9 million.
(b) Certain sales were previously disclosed in Other.
(c) Certain sales were previously disclosed in Professional tools and equipment, Industrial automation, controls and sensors and All other.

Disaggregation of revenue for the nine months ended September 28, 2018 is presented as follows ($ in millions):
 
Total
 
Professional Instrumentation
 
Industrial Technologies
Sales:
 
 
 
 
 
Sales of products
$
4,202.0

 
$
2,352.8

 
$
1,849.2

Sales of services
493.2

 
302.0

 
191.2

Total
$
4,695.2

 
$
2,654.8

 
$
2,040.4

 
 
 
 
 
 
Geographic:
 
 
 
 
 
United States
$
2,559.1

 
$
1,313.5

 
$
1,245.6

China
423.3

 
346.8

 
76.5

All other (each country individually less than 5% of total sales)
1,712.8

 
994.5

 
718.3

Total
$
4,695.2

 
$
2,654.8

 
$
2,040.4

 
 
 
 
 
 
Major Products Group:
 
 
 
 
 
Professional tools and equipment
$
3,377.5

 
$
1,922.8

 
$
1,454.7

Industrial automation, controls and sensors
383.7

 
289.3

 
94.4

Franchise distribution
486.2

 

 
486.2

Medical technologies (c)
290.9

 
285.8

 
5.1

All other
156.9

 
156.9

 

Total
$
4,695.2

 
$
2,654.8

 
$
2,040.4

 
 
 
 
 
 
End markets:
 
 
 
 
 
Direct sales:
 
 
 
 
 
  Retail fueling (a)
$
1,256.2

 
$

 
$
1,256.2

  Industrial & Manufacturing
332.7

 
279.2

 
53.5

  Vehicle repair (a)
442.9

 

 
442.9

  Utilities & Power
132.6

 
132.6

 

Medical (b)
290.9

 
285.8


5.1

  Other
973.0

 
740.6

 
232.4

     Total direct sales
3,428.3

 
1,438.2

 
1,990.1

Distributors(a)
1,266.9

 
1,216.6

 
50.3

Total
$
4,695.2

 
$
2,654.8

 
$
2,040.4

 
 
 
 
 
 
(a) Retail fueling, vehicle repair and medical include sales to these end markets made through third-party distributors. Total distributor sales for the nine months ended September 28, 2018 was $2,304.1 million.
(b) Sales were previously disclosed in Other.
(c) Sales were previously disclosed in Professional tools and equipment, Industrial automation, controls and sensors and All other.