REVENUE

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

REVENUE

(4) 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 revenue by business segment, product and service offering and timing of transfer of control:

	Three months ended September 30, 2022
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Critical infrastructure & solutions	$	417.3	$	265.7	$	224.3	$	907.3
Services & spares	203.6		113.3		71.1		388.0
Integrated rack solutions	91.7		57.1		37.0		185.8
Total	$	712.6	$	436.1	$	332.4	$	1,481.1
Timing of revenue recognition:
Products and services transferred at a point in time	$	492.7	$	343.4	$	231.8	$	1,067.9
Products and services transferred over time	219.9		92.7		100.6		413.2
Total	$	712.6	$	436.1	$	332.4	$	1,481.1

	Three months ended September 30, 2021
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Critical infrastructure & solutions	$	291.9	$	234.0	$	180.4	$	706.3
Services & spares	180.2		104.4		80.8		365.4
Integrated rack solutions	65.1		56.2		35.9		157.2
Total	$	537.2	$	394.6	$	297.1	$	1,228.9
Timing of revenue recognition:
Products and services transferred at a point in time	$	363.5	$	316.0	$	253.3	$	932.8
Products and services transferred over time	173.7		78.6		43.8		296.1
Total	$	537.2	$	394.6	$	297.1	$	1,228.9

	Nine months ended September 30, 2022
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Critical infrastructure & solutions	$	1,080.5	$	692.5	$	642.6	$	2,415.6
Services & spares	555.9		330.8		208.0		1,094.7
Integrated rack solutions	258.5		152.8		115.3		526.6
Total	$	1,894.9	$	1,176.1	$	965.9	$	4,036.9
Timing of revenue recognition:
Products and services transferred at a point in time	$	1,323.3	$	909.5	$	681.9	$	2,914.7
Products and services transferred over time	571.6		266.6		284.0		1,122.2
Total	$	1,894.9	$	1,176.1	$	965.9	$	4,036.9

	Nine months ended September 30, 2021
	Americas		Asia Pacific		Europe, Middle East, & Africa		Total
Sales by Product and Service Offering:
Critical infrastructure & solutions	$	877.2	$	690.0	$	494.1	$	2,061.3
Services & spares	513.4		305.8		229.9		1,049.1
Integrated rack solutions	213.0		154.1		110.1		477.2
Total	$	1,603.6	$	1,149.9	$	834.1	$	3,587.6
Timing of revenue recognition:
Products and services transferred at a point in time	$	1,111.1	$	913.3	$	696.6	$	2,721.0
Products and services transferred over time	492.5		236.6		137.5		866.6
Total	$	1,603.6	$	1,149.9	$	834.1	$	3,587.6

The opening and closing balances of current and long-term contract assets and current and long-term deferred revenue as of September 30, 2022 and December 31, 2021 were as follows:

	Balances at September 30, 2022		Balances at December 31, 2021
Deferred revenue - current (1)	$	278.7	$	238.9
Deferred revenue - noncurrent (2)	45.8		59.9
Other contract liabilities - current (1)	48.2		52.1

(1)    Current deferred revenue and contract liabilities are included within “Accrued expenses and other liabilities” on the Unaudited Condensed Consolidated Balance Sheets.

(2)    Noncurrent deferred revenue is recorded within “Other long-term liabilities” on the Unaudited Condensed Consolidated Balance Sheets.

Deferred revenue - noncurrent consists primarily of maintenance, extended warranty and other service contracts. The Company expects to recognize revenue of $13.4, $19.0 and $13.4 in the next 13 to 24 months, the next 25 to 36 months, and thereafter, respectively.