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Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2018
Revenue from Contracts with Customers [Abstract]  
Disaggregation of Revenue
The following table provides disaggregated revenue by reportable segment for the year ended December 31, 2018.

  
Industrials
  
Energy
  
Medical
  
Total
 
Primary Geographic Markets
            
United States
 
$
371.8
  
$
706.2
  
$
107.9
  
$
1,185.9
 
Other Americas
  
82.8
   
119.1
   
2.3
   
204.2
 
Total Americas
 
$
454.6
  
$
825.3
  
$
110.2
  
$
1,390.1
 
EMEA
  
646.3
   
179.3
   
108.1
   
933.7
 
Asia Pacific
  
202.4
   
116.5
   
47.1
   
366.0
 
Total
 
$
1,303.3
  
$
1,121.1
  
$
265.4
  
$
2,689.8
 
                 
Product Categories
                
Original equipment(1)
 
$
893.0
  
$
486.4
  
$
256.6
  
$
1,636.0
 
Aftermarket(2)
  
410.3
   
634.7
   
8.8
   
1,053.8
 
Total
 
$
1,303.3
  
$
1,121.1
  
$
265.4
  
$
2,689.8
 
                 
Pattern of Revenue Recognition
                
Revenue recognized at point in time(3)
 
$
1,256.2
  
$
1,058.9
  
$
265.4
  
$
2,580.5
 
Revenue recognized over time(4)
  
47.1
   
62.2
   
-
   
109.3
 
Total
 
$
1,303.3
  
$
1,121.1
  
$
265.4
  
$
2,689.8
 


(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.  Service revenue represents less than 10% of consolidated revenue.


(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 product 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 December 31, 2018 and December 31, 2017 presented in the Consolidated Balance Sheets.

  
December 31,
2018
  
December 31,
2017
 
Accounts receivable
 
$
525.4
  
$
536.3
 
Contract assets
  
19.6
   
-
 
Contract liabilities
  
69.6
   
42.7