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REVENUE (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
REVENUE    
Schedule of disaggregation of revenue

The following table disaggregates our revenue by product and service offering and timing of transfer of control:

 

 

 

Nine months ended September 30, 2020

 

 

 

 

Americas

 

 

Asia Pacific

 

 

Europe, Middle East, &

Africa

 

 

Total

 

Sales by Product and Service Offering:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Critical infrastructure & solutions

 

 

 

$
769.9

 

 

 

 

$
565.2

 

 

 

 

$
343.0

 

 

 

 

$
1,678.1

 

 

Services & spares

 

 

 

 
491.0

 

 

 

 

 
263.5

 

 

 

 

 
210.4

 

 

 

 

 
964.9

 

 

Integrated rack solutions

 

 

 

 
222.4

 

 

 

 

 
97.6

 

 

 

 

 
101.9

 

 

 

 

 
421.9

 

 

Total

 

 

 

$
1,483.3

 

 

 

 

$
926.3

 

 

 

 

$
655.3

 

 

 

 

$
3,064.9

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products and services transferred at a point in time

 

 

 

$
1,022.3

 

 

 

 

$
720.3

 

 

 

 

$
505.1

 

 

 

 

$
2,247.7

 

 

Products and services transferred over time

 

 

 

 
461.0

 

 

 

 

 
206.0

 

 

 

 

 
150.2

 

 

 

 

 
817.2

 

 

Total

 

 

 

$
1,483.3

 

 

 

 

$
926.3

 

 

 

 

$
655.3

 

 

 

 

$
3,064.9

 

 

 

 

 

 

 

Nine months ended September 30, 2019

 

 

 

 

Americas

 

 

Asia Pacific

 

 

Europe, Middle East, &

Africa

 

 

Total

 

Sales by Product and Service Offering:(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Critical infrastructure & solutions

 

 

 

$
937.1

 

 

 

 

$
527.9

 

 

 

 

$
355.4

 

 

 

 

$
1,820.4

 

 

Services & spares

 

 

 

 
505.5

 

 

 

 

 
268.2

 

 

 

 

 
211.7

 

 

 

 

 
985.4

 

 

Integrated rack solutions

 

 

 

 
232.8

 

 

 

 

 
110.0

 

 

 

 

 
111.1

 

 

 

 

 
453.9

 

 

Total

 

 

 

$
1,675.4

 

 

 

 

$
906.1

 

 

 

 

$
678.2

 

 

 

 

$
3,259.7

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products and services transferred at a point in time

 

 

 

$
1,217.1

 

 

 

 

$
706.5

 

 

 

 

$
548.7

 

 

 

 

$
2,472.3

 

 

Products and services transferred over time

 

 

 

 
458.3

 

 

 

 

 
199.6

 

 

 

 

 
129.5

 

 

 

 

 
787.4

 

 

Total

 

 

 

$
1,675.4

 

 

 

 

$
906.1

 

 

 

 

$
678.2

 

 

 

 

$
3,259.7

 

 

(1)

Comparative results for Critical infrastructure & solutions, Services & spares and Integrated rack solutions for the nine months ended September 30,2019 have been adjusted by $(118.4), $28.1, and $90.3, respectively, to reflect the strategic realignment described above.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2019

 

    

 

 

    

 

 

    

Europe, Middle East, 

    

 

 

 

 

Americas

Asia Pacific

& Africa

 

Total

Sales by Product and Service Offering:

 

 

  

 

 

  

 

 

  

 

 

  

Critical infrastructure & solutions

 

$

1,355.4

 

$

763.2

 

$

514.0

 

$

2,632.6

Services & software solutions

 

 

679.4

 

 

336.0

 

 

283.5

 

 

1,298.9

I.T. & Edge infrastructure

 

 

194.3

 

 

178.8

 

 

126.6

 

 

499.7

Total

 

$

2,229.1

 

$

1,278.0

 

$

924.1

 

$

4,431.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

  

 

 

  

 

 

  

 

 

  

Products and services transferred at a point in time

 

$

1,592.4

 

$

1,007.1

 

$

748.9

 

$

3,348.4

Products and services transferred over time

 

 

636.7

 

 

270.9

 

 

175.2

 

 

1,082.8

Total

 

$

2,229.1

 

$

1,278.0

 

$

924.1

 

$

4,431.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2018

 

    

 

    

 

    

Europe, Middle East, 

    

 

 

 

Americas

Asia Pacific

& Africa

 

Total

Sales by Product and Service Offering:

 

 

  

 

 

  

 

 

  

 

 

  

Critical infrastructure & solutions

 

$

1,246.4

 

$

723.9

 

$

481.5

 

$

2,451.8

Services & software solutions

 

 

669.8

 

 

339.1

 

 

267.2

 

 

1,276.1

I.T. & Edge infrastructure

 

 

229.5

 

 

181.2

 

 

147.0

 

 

557.7

Total

 

$

2,145.7

 

$

1,244.2

 

$

895.7

 

$

4,285.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

  

 

 

  

 

 

  

 

 

  

Products and services transferred at a point in time

 

$

1,530.6

 

$

973.5

 

$

701.8

 

$

3,205.9

Products and services transferred over time

 

 

615.1

 

 

270.7

 

 

193.9

 

 

1,079.7

Total

 

$

2,145.7

 

$

1,244.2

 

$

895.7

 

$

4,285.6

 

Schedule of opening and closing balances of our current and long-term contract assets and current and long-term deferred revenue

The opening and closing balances of our current and long-term contract assets and current and long-term deferred revenue are as follows:

 

 

 

Balances at
September 30, 2020

 

 

Balances at
December 31, 2019

 

Deferred revenue – current(3)

 

 

 

$
189.8

 

 

 

 

$
160.9

 

 

Deferred revenue – noncurrent(4)

 

 

 

 
38.9

 

 

 

 

 
41.3

 

 

Other contract liabilities – current(3)

 

 

 

 
48.3

 

 

 

 

 
39.8

 

 

 

(1)

Current deferred revenue and contract liabilities are included within accrued expenses and other liabilities.

 

(2)

Noncurrent deferred revenue is recorded within other long-term liabilities.

 

 

 

 

 

 

 

 

    

Balances at 

    

Balances at 

 

 

December 31, 2019

 

December 31, 2018

Deferred revenue - current (1)

 

$

160.9

 

$

170.5

Deferred revenue - noncurrent (2)

 

 

41.3

 

 

36.5

Other contract liabilities - current (1)

 

 

39.8

 

 

29.8

(1)

Current deferred revenue and contract liabilities are included within accrued expenses.

(2)

Noncurrent deferred revenue is recorded within other long-term liabilities.