Sales (Tables)

6 Months Ended

Jun. 26, 2020

Revenue from Contract with Customer [Abstract]

Schedule of Contract liabilities

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

	June 26, 2020		December 31, 2019
Deferred revenue - current	$	439.2	$	410.1
Deferred revenue - noncurrent	91.9		99.2
Total contract liabilities	$	531.1	$	509.3

Schedule of Remaining performance obligations

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

	June 26, 2020
Professional Instrumentation	$	144.6
Industrial Technologies	382.3
Total remaining performance obligations	$	526.9

Schedule of Disaggregation of revenue

Disaggregation of revenue for the three month period ended June 26, 2020 is presented as follows ($ in millions):

	Total		Professional Instrumentation		Industrial Technologies
Sales:
Sales of products and software	$	1,367.7	$	887.3	$	480.4
Sales of services	203.5		150.2		53.3
Total	$	1,571.2	$	1,037.5	$	533.7
Geographic:
United States	$	908.0	$	549.3	$	358.7
China	145.4		131.6		13.8
All other (each country individually less than 5% of total sales)	517.8		356.6		161.2
Total	$	1,571.2	$	1,037.5	$	533.7
Major Products Group:
Professional tools and equipment	$	1,003.9	$	589.9	$	414.0
Industrial automation, controls and sensors	107.4		107.4		—
Franchise distribution	119.7		—		119.7
Medical technologies	284.4		284.4		—
All other	55.8		55.8		—
Total	$	1,571.2	$	1,037.5	$	533.7
End markets:
Direct sales:
Retail fueling (a)	$	365.7	$	—	$	365.7
Industrial & Manufacturing	102.8		102.8		—
Vehicle repair (a)	103.2		—		103.2
Utilities & Power	38.8		38.8		—
Medical (a)	284.4		284.4		—
Other	373.4		312.1		61.3
Total direct sales	1,268.3		738.1		530.2
Distributors(a)	302.9		299.4		3.5
Total	$	1,571.2	$	1,037.5	$	533.7
(a) Retail fueling, vehicle repair, and medical include sales to these end markets made through third-party distributors. Total distributor sales for the three month period ended June 26, 2020 was $597.0 million.

Disaggregation of revenue for the three month period ended June 28, 2019 is presented as follows ($ in millions):

	Total		Professional Instrumentation (a)		Industrial Technologies (a)
Sales:
Sales of products and software	$	1,623.0	$	998.8	$	624.2
Sales of services	241.7		166.8		74.9
Total	$	1,864.7	$	1,165.6	$	699.1
Geographic:
United States	$	1,077.7	$	625.5	$	452.2
China	154.3		130.4		23.9
All other (each country individually less than 5% of total sales)	632.7		409.7		223.0
Total	$	1,864.7	$	1,165.6	$	699.1
Major Products Group:
Professional tools and equipment	$	1,256.1	$	711.2	$	544.9
Industrial automation, controls and sensors	127.2		127.2		—
Franchise distribution	154.2		—		154.2
Medical technologies	265.3		265.3		—
All other	61.9		61.9		—
Total	$	1,864.7	$	1,165.6	$	699.1
End markets:
Direct sales:
Retail fueling (b)	$	486.3	$	—	$	486.3
Industrial & Manufacturing	114.1		114.1		—
Vehicle repair (b)	139.5		—		139.5
Utilities & Power	49.1		49.1		—
Medical (b)	265.3		265.3		—
Other	391.5		324.5		67.0
Total direct sales	1,445.8		753.0		692.8
Distributors(b)	418.9		412.6		6.3
Total	$	1,864.7	$	1,165.6	$	699.1
(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) Retail fueling, vehicle repair, and medical include sales to these end markets made through third-party distributors. Total distributor sales for the three month period ended June 28, 2019 was $773.1 million.

Disaggregation of revenue for the six month period ended June 26, 2020 is presented as follows ($ in millions):

	Total		Professional Instrumentation		Industrial Technologies
Sales:
Sales of products and software	$	2,855.5	$	1,827.8	$	1,027.7
Sales of services	429.2		314.1		115.1
Total	$	3,284.7	$	2,141.9	$	1,142.8
Geographic:
United States	$	1,927.8	$	1,144.2	$	783.6
China	272.9		250.6		22.3
All other (each country individually less than 5% of total sales)	1,084.0		747.1		336.9
Total	$	3,284.7	$	2,141.9	$	1,142.8
Major Products Group:
Professional tools and equipment	$	2,111.2	$	1,248.5	$	862.7
Industrial automation, controls and sensors	217.0		217.0		—
Franchise distribution	280.1		—		280.1
Medical technologies	564.4		564.4		—
All other	112.0		112.0		—
Total	$	3,284.7	$	2,141.9	$	1,142.8
End markets:
Direct sales:
Retail fueling (a)	$	762.2	$	—	$	762.2
Industrial & Manufacturing	211.8		211.8		—
Vehicle repair (a)	246.4		—		246.4
Utilities & Power	82.7		82.7		—
Medical (a)	564.4		564.4		—
Other	729.2		602.9		126.3
Total direct sales	2,596.7		1,461.8		1,134.9
Distributors(a)	688.0		680.1		7.9
Total	$	3,284.7	$	2,141.9	$	1,142.8
(a) Retail fueling, vehicle repair, and medical include sales to these end markets made through third-party distributors. Total distributor sales for the six month period ended June 26, 2020 was $1,336.2 million.

Disaggregation of revenue for the six month period ended June 28, 2019 is presented as follows ($ in millions):

	Total		Professional Instrumentation (a)		Industrial Technologies (a)
Sales:
Sales of products and software	$	3,028.1	$	1,855.0	$	1,173.1
Sales of services	429.5		288.3		141.2
Total	$	3,457.6	$	2,143.3	$	1,314.3
Geographic:
United States	$	1,965.3	$	1,121.6	$	843.7
China	304.3		261.6		42.7
All other (each country individually less than 5% of total sales)	1,188.0		760.1		427.9
Total	$	3,457.6	$	2,143.3	$	1,314.3
Major Products Group:
Professional tools and equipment	$	2,407.9	$	1,416.8	$	991.1
Industrial automation, controls and sensors	247.3		247.3		—
Franchise distribution	323.2		—		323.2
Medical technologies	364.3		364.3		—
All other	114.9		114.9		—
Total	$	3,457.6	$	2,143.3	$	1,314.3
End markets:
Direct sales:
Retail fueling (b)	$	874.5	$	—	$	874.5
Industrial & Manufacturing	223.7		223.7		—
Vehicle repair (b)	293.3		—		293.3
Utilities & Power	98.7		98.7		—
Medical (b)	364.3		364.3		—
Other	769.2		634.4		134.8
Total direct sales	2,623.7		1,321.1		1,302.6
Distributors(b)	833.9		822.2		11.7
Total	$	3,457.6	$	2,143.3	$	1,314.3
(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) Retail fueling, vehicle repair, and medical include sales to these end markets made through third-party distributors. Total distributor sales for the six month period ended June 28, 2019 was $1,518.3 million.