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REVENUE (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table disaggregates revenue by business segment, product and service offering and timing of transfer of control:
Year Ended December 31, 2022
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Critical infrastructure & solutions$1,608.4 $949.3 $917.6 $3,475.3 
Services & spares754.6 441.7 284.3 1,480.6 
Integrated rack solutions365.6 210.3 159.7 735.6 
Total$2,728.6 $1,601.3 $1,361.6 $5,691.5 
Timing of revenue recognition:
Products and services transferred at a point in time$1,925.0 $1,242.6 $985.7 $4,153.3 
Products and services transferred over time803.6 358.7 375.9 1,538.2 
Total$2,728.6 $1,601.3 $1,361.6 $5,691.5 
Year Ended December 31, 2021
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering: (1)
Critical infrastructure & solutions$1,189.6 $971.7 $739.1 $2,900.4 
Services & spares705.1 421.5 312.1 1,438.7 
Integrated rack solutions292.7 215.8 150.5 659.0 
Total$2,187.4 $1,609.0 $1,201.7 $4,998.1 
Timing of revenue recognition:
Products and services transferred at a point in time$1,514.6 $1,304.3 $1,019.5 $3,838.4 
Products and services transferred over time672.8 304.7 182.2 1,159.7 
Total$2,187.4 $1,609.0 $1,201.7 $4,998.1 
(1)For the year ended December 31, 2021, E&I sales from November 1, 2021 to December 31, 2021 of $21.7 and $45.7 are included in Americas; and Europe, Middle East & Africa reportable segments, respectively.
Year Ended December 31, 2020
AmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Critical infrastructure & solutions$1,074.2 $830.7 $529.7 $2,434.6 
Services & spares662.6 366.3 288.2 1,317.1 
Integrated rack solutions303.8 171.4 143.7 618.9 
Total$2,040.6 $1,368.4 $961.6 $4,370.6 
Timing of revenue recognition:
Products and services transferred at a point in time$1,418.9 $1,078.5 $751.9 $3,249.3 
Products and services transferred over time621.7 289.9 209.7 1,121.3 
Total$2,040.6 $1,368.4 $961.6 $4,370.6 
Schedule of Contract Assets, Liabilities and Deferred Revenue
The opening and closing balances of current and long-term contract liabilities and current and long-term deferred revenue are as follows:
Balances at
December 31, 2022
Balances at
December 31, 2021
Deferred revenue - current (1)
$309.4 $238.9 
Deferred revenue - noncurrent (2)
49.5 59.9 
Other contract liabilities - current (1)
49.3 52.1 
(1) Current deferred revenue and contract liabilities are included within “Accrued expenses and other liabilities” on the Consolidated Balance Sheets.
(2) Noncurrent deferred revenue is recorded within “Other long-term liabilities” on the Consolidated Balance Sheets.