Sales (Tables)

3 Months Ended

Mar. 27, 2020

Revenue from Contract with Customer [Abstract]

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


	March 27, 2020		December 31, 2019
Deferred revenue - current	$	423.5	$	410.1
Deferred revenue - noncurrent	95.1		99.2
Total contract liabilities	$	518.6	$	509.3

Remaining performance obligations

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


	March 27, 2020
Professional Instrumentation	$	145.2
Industrial Technologies	379.4
Total remaining performance obligations	$	524.6

Disaggregation of revenue

Disaggregation of revenue for the three months ended March 27, 2020 is presented as follows ($ in millions):


	Total		Professional Instrumentation		Industrial Technologies
Sales:
Sales of products and software	$	1,487.8	$	940.5	$	547.3
Sales of services	225.7		163.9		61.8
Total	$	1,713.5	$	1,104.4	$	609.1

Geographic:
United States	$	1,019.8	$	594.9	$	424.9
China	127.5		119.0		8.5

All other (each country individually less than 5% of total sales)	566.2		390.5		175.7
Total	$	1,713.5	$	1,104.4	$	609.1

Major Products Group:
Professional tools and equipment	$	1,107.3	$	658.6	$	448.7
Industrial automation, controls and sensors	109.6		109.6		—
Franchise distribution	160.4		—		160.4
Medical technologies	280.0		280.0		—
All other	56.2		56.2		—
Total	$	1,713.5	$	1,104.4	$	609.1

End markets:
Direct sales:
Retail fueling^(a)	$	396.5	$	—	$	396.5
Industrial & Manufacturing	109.0		109.0		—
Vehicle repair^(a)	143.2		—		143.2
Utilities & Power	43.9		43.9		—
Medical ^(a)	280.0		280.0		—
Other	355.8		290.8		65.0
Total direct sales	1,328.4		723.7		604.7
Distributors^(a)	385.1		380.7		4.4
Total	$	1,713.5	$	1,104.4	$	609.1

(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 March 27, 2020 was $739.0 million.

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


	Total		Professional Instrumentation ^(a)		Industrial Technologies ^(a)
Sales:
Sales of products and software	$	1,405.1	$	856.2	$	548.9
Sales of services	187.8		121.5		66.3
Total	$	1,592.9	$	977.7	$	615.2

Geographic:
United States	$	887.6	$	496.1	$	391.5
China	150.0		131.2		18.8

All other (each country individually less than 5% of total sales)	555.3		350.4		204.9
Total	$	1,592.9	$	977.7	$	615.2

Major Products Group:
Professional tools and equipment	$	1,151.8	$	705.6	$	446.2
Industrial automation, controls and sensors	120.1		120.1		—
Franchise distribution	169.0		—		169.0
Medical technologies ^(d)	99.0		99.0		—
All other	53.0		53.0		—
Total	$	1,592.9	$	977.7	$	615.2

End markets:
Direct sales:
Retail fueling^(c)	$	388.2	$	—	$	388.2
Industrial & Manufacturing	109.6		109.6		—
Vehicle repair^(c)	153.8		—		153.8
Utilities & Power	49.6		49.6		—
Medical ^{(c) (b)}	99.0		99.0		—
Other	377.7		309.9		67.8
Total direct sales	1,177.9		568.1		609.8
Distributors^(c)	415.0		409.6		5.4
Total	$	1,592.9	$	977.7	$	615.2

(a) Beginning January 1, 2020, our Hengstler and Dynapar businesses are reported within our Professional Instrumentation segment. Previously, these businesses were reported within our Industrial Technologies segment. Prior year balances have been reclassified to reflect current year presentation.
(b) Sales were previously disclosed in Other.
(c) 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 March 29, 2019 was $745.2 million.
(d) Sales were previously disclosed in Professional tools and equipment, Industrial automation, controls and sensors, and All other.