Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2018

Revenue from Contracts with Customers [Abstract]

Disaggregation of Revenue

The following table provides disaggregated revenue by reportable segment for the three month period ended September 30, 2018.

	Industrials		Energy		Medical		Total
Primary Geographic Markets
United States	$	96.7	$	200.1	$	31.1	$	327.9
Other Americas		19.9		29.4		0.7		50.0
Total Americas	$	116.6	$	229.5	$	31.8	$	377.9
EMEA		156.2		44.9		27.7		228.8
Asia Pacific		47.2		24.4		11.0		82.6
Total	$	320.0	$	298.8	$	70.5	$	689.3
Product Categories
Original equipment(1)	$	221.2	$	127.8	$	68.3	$	417.3
Aftermarket(2)		98.8		171.0		2.2		272.0
Total	$	320.0	$	298.8	$	70.5	$	689.3
Pattern of Revenue Recognition
Revenue recognized at point in time(3)	$	309.4	$	278.5	$	70.5	$	658.4
Revenue recognized over time(4)		10.6		20.3		-		30.9
Total	$	320.0	$	298.8	$	70.5	$	689.3

⁽¹⁾ Revenues from sales of capital equipment within the Industrials and Energy Segments and sales of components to original equipment manufacturers in the Medical Segment.

⁽²⁾ Revenues from sales of spare parts, accessories, other components and services in support of maintaining customer owned, installed base of the Company’s original equipment.

⁽³⁾ Revenues from short and long duration product and service contracts recognized at a point in time when control is transferred to the customer generally when products delivery has occurred and services have been rendered.

⁽⁴⁾ Revenues primarily from long duration ETO product contracts and certain contracts for the delivery of a significant volume of substantially similar products recognized over time as contractual performance obligations are completed.

The following table provides disaggregated revenue by reportable segment for the nine month period ended September 30, 2018.

	Industrials		Energy		Medical		Total
Primary Geographic Markets
United States	$	278.2	$	538.6	$	77.2	$	894.0
Other Americas		58.1		85.0		2.1		145.2
Total Americas	$	336.3	$	623.6	$	79.3	$	1,039.2
EMEA		481.8		115.3		82.4		679.5
Asia Pacific		147.6		75.2		35.6		258.4
Total	$	965.7	$	814.1	$	197.3	$	1,977.1
Product Categories
Original equipment(1)	$	662.5	$	337.7	$	190.5	$	1,190.7
Aftermarket(2)		303.2		476.4		6.8		786.4
Total	$	965.7	$	814.1	$	197.3	$	1,977.1
Pattern of Revenue Recognition
Revenue recognized at point in time(3)	$	931.2	$	776.3	$	197.3	$	1,904.8
Revenue recognized over time(4)		34.5		37.8		-		72.3
Total	$	965.7	$	814.1	$	197.3	$	1,977.1

⁽¹⁾ Revenues from sales of capital equipment within the Industrials and Energy Segments and sales of components to original equipment manufacturers in the Medical Segment.

⁽²⁾ Revenues from sales of spare parts, accessories, other components and services in support of maintaining customer owned, installed base of the Company’s original equipment.

⁽³⁾ Revenues from short and long duration product and service contracts recognized at a point in time when control is transferred to the customer generally when products delivery has occurred and services have been rendered.

⁽⁴⁾ Revenues primarily from long duration ETO product contracts and certain contracts for the delivery of a significant volume of substantially similar products recognized over time as contractual performance obligations are completed.

Contract Balances

The following table provides the contract balances as of September 30, 2018 and December 31, 2017 presented in the Condensed Consolidated Balance Sheets.

	September 30, 2018		December 31, 2017
Accounts receivable, net of allowance for doubtful accounts of $19.1 and $18.7, respectively	$	525.0	$	536.3
Contract assets		13.9		-
Contract liabilities		90.5		42.7