Sales (Tables)

9 Months Ended

Sep. 25, 2020

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


	September 25, 2020		December 31, 2019
Deferred revenue - current	$	456.7	$	410.1
Deferred revenue - noncurrent	90.5		99.2
Total contract liabilities	$	547.2	$	509.3

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


	September 25, 2020
Professional Instrumentation	$	137.1
Industrial Technologies	386.0
Total remaining performance obligations	$	523.1

Disaggregation of revenue for the three month period ended September 25, 2020 is presented as follows ($ in millions):


	Total		Professional Instrumentation		Industrial Technologies
Sales:
Sales of products and software	$	1,671.3	$	985.3	$	686.0
Sales of services	231.0		170.4		60.6
Total	$	1,902.3	$	1,155.7	$	746.6

Geographic:
United States	$	1,130.9	$	605.5	$	525.4
China	159.2		143.0		16.2

All other (each country individually less than 5% of total sales)	612.2		407.2		205.0
Total	$	1,902.3	$	1,155.7	$	746.6

Major Products Group:
Professional tools and equipment	$	1,255.5	$	677.0	$	578.5
Industrial automation, controls and sensors	110.7		110.7		—
Franchise distribution	168.1		—		168.1
Medical technologies	308.1		308.1		—
All other	59.9		59.9		—
Total	$	1,902.3	$	1,155.7	$	746.6

End markets:
Direct sales:
Retail fueling^(a)	$	526.1	$	—	$	526.1
Industrial & Manufacturing	113.1		113.1		—
Vehicle repair^(a)	150.9		—		150.9
Utilities & Power	44.3		44.3		—
Medical ^(a)	308.3		308.3		—
Other	371.0		307.2		63.8
Total direct sales	1,513.7		772.9		740.8
Distributors^(a)	388.6		382.8		5.8
Total	$	1,902.3	$	1,155.7	$	746.6

^(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 September 25, 2020 was $815.3 million.

Disaggregation of revenue for the three month period ended September 27, 2019 is presented as follows ($ in millions):


	Total		Professional Instrumentation ^(a)		Industrial Technologies ^(a)
Sales:
Sales of products and software	$	1,624.6	$	984.8	$	639.8
Sales of services	235.4		160.8		74.6
Total	$	1,860.0	$	1,145.6	$	714.4

Geographic:
United States	$	1,088.6	$	611.2	$	477.4
China	142.0		119.5		22.5

All other (each country individually less than 5% of total sales)	629.4		414.9		214.5
Total	$	1,860.0	$	1,145.6	$	714.4

Major Products Group:
Professional tools and equipment	$	1,240.1	$	688.5	$	551.6
Industrial automation, controls and sensors	116.3		116.3		—
Franchise distribution	162.8		—		162.8
Medical technologies	274.1		274.1		—
All other	66.7		66.7		—
Total	$	1,860.0	$	1,145.6	$	714.4

End markets:
Direct sales:
Retail fueling^(b)	$	495.7	$	—	$	495.7
Industrial & Manufacturing	108.2		108.2		—
Vehicle repair^(b)	147.5		—		147.5
Utilities & Power	48.3		48.3		—
Medical ^(b)	274.1		274.1		—
Other	406.7		341.7		65.0
Total direct sales	1,480.5		772.3		708.2
Distributors^(b)	379.5		373.3		6.2
Total	$	1,860.0	$	1,145.6	$	714.4

^(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 September 27, 2019 was $778.6 million.

Disaggregation of revenue for the nine month period ended September 25, 2020 is presented as follows ($ in millions):


	Total		Professional Instrumentation		Industrial Technologies
Sales:
Sales of products and software	$	4,526.8	$	2,813.1	$	1,713.7
Sales of services	660.2		484.5		175.7
Total	$	5,187.0	$	3,297.6	$	1,889.4

Geographic:
United States	$	3,058.7	$	1,749.7	$	1,309.0
China	432.1		393.6		38.5

All other (each country individually less than 5% of total sales)	1,696.2		1,154.3		541.9
Total	$	5,187.0	$	3,297.6	$	1,889.4

Major Products Group:
Professional tools and equipment	$	3,366.7	$	1,925.5	$	1,441.2
Industrial automation, controls and sensors	327.7		327.7		—
Franchise distribution	448.2		—		448.2
Medical technologies	872.5		872.5		—
All other	171.9		171.9		—
Total	$	5,187.0	$	3,297.6	$	1,889.4

End markets:
Direct sales:
Retail fueling^(a)	$	1,288.3	$	—	$	1,288.3
Industrial & Manufacturing	324.9		324.9		—
Vehicle repair^(a)	397.3		—		397.3
Utilities & Power	127.0		127.0		—
Medical ^(a)	872.7		872.7		—
Other	1,100.2		910.1		190.1
Total direct sales	4,110.4		2,234.7		1,875.7
Distributors^(a)	1,076.6		1,062.9		13.7
Total	$	5,187.0	$	3,297.6	$	1,889.4

^(a)Retail fueling, vehicle repair, and medical include sales to these end markets made through third-party distributors. Total distributor sales for the nine month period ended September 25, 2020 was $2,151.5 million.

Disaggregation of revenue for the nine month period ended September 27, 2019 is presented as follows ($ in millions):


	Total		Professional Instrumentation^(a)		Industrial Technologies^(a)
Sales:
Sales of products and software	$	4,652.7	$	2,839.8	$	1,812.9
Sales of services	664.9		449.1		215.8
Total	$	5,317.6	$	3,288.9	$	2,028.7

Geographic:
United States	$	3,053.9	$	1,732.8	$	1,321.1
China	446.3		381.1		65.2
All other (each country individually less than 5% of total sales)	1,817.4		1,175.0		642.4
Total	$	5,317.6	$	3,288.9	$	2,028.7

Major Products Group:
Professional tools and equipment	$	3,648.0	$	2,105.3	$	1,542.7
Industrial automation, controls and sensors	363.6		363.6		—
Franchise distribution	486.0		—		486.0
Medical technologies	638.4		638.4		—
All other	181.6		181.6		—
Total	$	5,317.6	$	3,288.9	$	2,028.7

End markets:
Direct sales:
Retail fueling^(b)	$	1,370.2	$	—	$	1,370.2
Industrial & Manufacturing	331.9		331.9		—
Vehicle repair^(b)	440.8		—		440.8
Utilities & Power	147.0		147.0		—
Medical ^(b)	638.4		638.4		—
Other	1,175.9		976.1		199.8
Total direct sales	4,104.2		2,093.4		2,010.8
Distributors^(b)	1,213.4		1,195.5		17.9
Total	$	5,317.6	$	3,288.9	$	2,028.7

^(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 nine month period ended September 27, 2019 was $2,296.9 million.