Revenue (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Disaggregation of Revenue by Reporting Unit and Timing of Revenue Recognition

The following tables disaggregate revenue by reporting unit and timing of revenue recognition for the three and nine months ended September 30, 2019 and 2018:

	Three Months Ended September 30, 2019
	Point in time		Over time		Total
U.S.
Capital Markets	$	72.0	$	25.1	$	97.1
Investment Markets		65.5		11.1		76.6
Total U.S.		137.5		36.2		173.7
International		14.5		7.7		22.2
Total net sales	$	152.0	$	43.9	$	195.9

	Three Months Ended September 30, 2018
	Point in time		Over time		Total
U.S.
Capital Markets	$	78.1	$	24.4	$	102.5
Investment Markets		70.1		11.7		81.8
Language Solutions		1.2		—		1.2
Total U.S.		149.4		36.1		185.5
International		26.7		4.7		31.4
Total net sales	$	176.1	$	40.8	$	216.9

	Nine Months Ended September 30, 2019
	Point in time		Over time		Total
U.S.
Capital Markets	$	259.6	$	75.5	$	335.1
Investment Markets		226.9		37.7		264.6
Total U.S.		486.5		113.2		599.7
International		64.2		20.5		84.7
Total net sales	$	550.7	$	133.7	$	684.4

	Nine Months Ended September 30, 2018
	Point in time		Over time		Total
U.S.
Capital Markets	$	292.1	$	72.5	$	364.6
Investment Markets		224.2		38.6		262.8
Language Solutions		13.7		—		13.7
Total U.S.		530.0		111.1		641.1
International		107.9		13.7		121.6
Total net sales	$	637.9	$	124.8	$	762.7

Changes in Contract Liabilities

Contract liabilities consist of deferred revenue and progress billings which are included in accrued liabilities on the condensed consolidated balance sheet. Changes in contract liabilities for the nine months ended September 30, 2019 and 2018, respectively, were as follows:

Balance at January 1, 2019	$	12.0
Deferral of revenue		37.5
Revenue recognized		(37.3	)
Balance at September 30, 2019	$	12.2

Balance at January 1, 2018	$	14.2
Deferral of revenue		35.4
Revenue recognized		(35.9	)
Disposition		(1.6	)
Balance at September 30, 2018	$	12.1