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Revenue (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]    
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 Contract Assets, Liabilities and 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.