Revenue

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue

REVENUE

The Company recognizes revenue from the sale of manufactured products and services when control of promised goods or services are transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.

Disaggregation of Revenues

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

	Three Months Ended March 31, 2022
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Critical infrastructure & solutions	$	294.3	$	183.8	$	186.8	$	664.9
Services & spares	164.7		104.6		64.9		334.2
Integrated rack solutions	76.1		44.4		36.8		157.3
Total	$	535.1	$	332.8	$	288.5	$	1,156.4
Timing of revenue recognition:
Products and services transferred at a point in time	$	378.1	$	256.4	$	221.7	$	856.2
Products and services transferred over time	157.0		76.4		66.8		300.2
Total	$	535.1	$	332.8	$	288.5	$	1,156.4

	Three Months Ended March 31, 2021
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Critical infrastructure & solutions	$	279.2	$	216.3	$	132.4	$	627.9
Services & spares	154.2		95.5		72.1		321.8
Integrated rack solutions	68.1		45.6		35.0		148.7
Total	$	501.5	$	357.4	$	239.5	$	1,098.4
Timing of revenue recognition:
Products and services transferred at a point in time	$	360.5	$	281.6	$	195.0	$	837.1
Products and services transferred over time	141.0		75.8		44.5		261.3
Total	$	501.5	$	357.4	$	239.5	$	1,098.4

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

	Balances at March 31, 2022		Balances at December 31, 2021
Deferred revenue - current (1)	$	293.9	$	238.9
Deferred revenue - noncurrent (2)	50.0		59.9
Other contract liabilities - current (1)	60.3		52.1

(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.

Deferred revenue - noncurrent consists primarily of maintenance, extended warranty and other service contracts. We expect to recognize revenue of $29.2, $12.3 and $8.5 in the next 13 to 24 months, the next 25 to 36 months, and thereafter, respectively.