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Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2019
Revenue from Contracts with Customers [Abstract]  
Disaggregation of Revenue The following tables provide disaggregated revenue by reportable segment for the three month periods ended June 30, 2019 and 2018.


 
For the Three Month Period Ended
June 30, 2019
  
   
Industrials
    
Energy
    
Medical
    
Total
  
Primary Geographic Markets
                        
United States
  
$
103.4
    
$
140.1
    
$
30.5
    
$
274.0
  
Other Americas
    
25.8
      
20.0
      
0.3
      
46.1
  
Total Americas
  
$
129.2
    
$
160.1
    
$
30.8
    
$
320.1
  
EMEA
    
155.8
      
25.9
      
27.6
      
209.3
  
Asia Pacific
    
49.3
      
36.8
      
13.6
      
99.7
  
Total
  
$
334.3
    
$
222.8
    
$
72.0
    
$
629.1
  
                                 
Product Categories
                                
Original equipment(1)
  
$
231.0
    
$
92.7
    
$
70.3
    
$
394.0
  
Aftermarket(2)
    
103.3
      
130.1
      
1.7
      
235.1
  
Total
  
$
334.3
    
$
222.8
    
$
72.0
    
$
629.1
  
                                 
Pattern of Revenue Recognition
                                
Revenue recognized at point in time(3)
  
$
322.9
    
$
202.8
    
$
72.0
    
$
597.7
  
Revenue recognized over time(4)
    
11.4
      
20.0
      
—
      
31.4
  
Total
  
$
334.3
    
$
222.8
    
$
72.0
    
$
629.1
  


 
For the Three Month Period Ended
June 30, 2018
  
   
Industrials
    
Energy
    
Medical
    
Total
  
Primary Geographic Markets
                        
United States
  
$
91.0
    
$
173.1
    
$
24.8
    
$
288.9
  
Other Americas
    
17.0
      
28.1
      
0.5
      
45.6
  
Total Americas
  
$
108.0
    
$
201.2
    
$
25.3
    
$
334.5
  
EMEA
    
164.6
      
45.2
      
27.8
      
237.6
  
Asia Pacific
    
56.1
      
26.7
      
13.3
      
96.1
  
Total
  
$
328.7
    
$
273.1
    
$
66.4
    
$
668.2
  
                                 
Product Categories
                                
Original equipment(1)
  
$
225.6
    
$
118.6
    
$
64.2
    
$
408.4
  
Aftermarket(2)
    
103.1
      
154.5
      
2.2
      
259.8
  
Total
  
$
328.7
    
$
273.1
    
$
66.4
    
$
668.2
  
                                 
Pattern of Revenue Recognition
                                
Revenue recognized at point in time(3)
  
$
314.1
    
$
258.9
    
$
66.4
    
$
639.4
  
Revenue recognized over time(4)
    
14.6
      
14.2
      
—
      
28.8
  
Total
  
$
328.7
    
$
273.1
    
$
66.4
    
$
668.2
  
(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 tables provide disaggregated revenue by reportable segment for the six month periods ended June 30, 2019 and 2018.


  
For the Six Month Period Ended
June 30, 2019
  
   
Industrials
    
Energy
    
Medical
    
Total
  
Primary Geographic Markets
                        
United States
  
$
202.1
    
$
282.9
    
$
58.2
    
$
543.2
  
Other Americas
    
46.9
      
42.3
      
0.9
      
90.1
  
Total Americas
  
$
249.0
    
$
325.2
    
$
59.1
    
$
633.3
  
EMEA
    
308.0
      
69.8
      
55.8
      
433.6
  
Asia Pacific
    
95.4
      
60.9
      
26.2
      
182.5
  
Total
  
$
652.4
    
$
455.9
    
$
141.1
    
$
1,249.4
  
                                 
Product Categories
                                
Original equipment(1)
  
$
450.7
    
$
181.5
    
$
137.1
    
$
769.3
  
Aftermarket(2)
    
201.7
      
274.4
      
4.0
      
480.1
  
Total
  
$
652.4
    
$
455.9
    
$
141.1
    
$
1,249.4
  
                                 
Pattern of Revenue Recognition
                                
Revenue recognized at point in time(3)
  
$
630.4
    
$
419.0
    
$
141.1
    
$
1,190.5
  
Revenue recognized over time(4)
    
22.0
      
36.9
      
—
      
58.9
  
Total
  
$
652.4
    
$
455.9
    
$
141.1
    
$
1,249.4
  


 
For the Six Month Period Ended
June 30, 2018
  
   
Industrials
    
Energy
    
Medical
    
Total
  
Primary Geographic Markets
                        
United States
  
$
181.4
    
$
338.5
    
$
46.1
    
$
566.0
  
Other Americas
    
38.2
      
55.6
      
1.4
      
95.2
  
Total Americas
  
$
219.6
    
$
394.1
    
$
47.5
    
$
661.2
  
EMEA
    
325.6
      
70.4
      
54.7
      
450.7
  
Asia Pacific
    
100.4
      
50.8
      
24.6
      
175.8
  
Total
  
$
645.6
    
$
515.3
    
$
126.8
    
$
1,287.7
  
                                 
Product Categories
                                
Original equipment(1)
  
$
441.2
    
$
210.0
    
$
122.2
    
$
773.4
  
Aftermarket(2)
    
204.4
      
305.3
      
4.6
      
514.3
  
Total
  
$
645.6
    
$
515.3
    
$
126.8
    
$
1,287.7
  
                                 
Pattern of Revenue Recognition
                                
Revenue recognized at point in time(3)
    
621.6
    
$
497.9
    
$
126.8
    
$
1,246.3
  
Revenue recognized over time(4)
    
24.0
      
17.4
      
—
      
41.4
  
Total
  
$
645.6
    
$
515.3
    
$
126.8
    
$
1,287.7
  


(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 June 30, 2019 and December 31, 2018 presented in the Condensed Consolidated Balance Sheets.


 
June 30,
2019
    
December 31,
2018
  
Accounts receivable
  
$
498.6
    
$
525.4
  
Contract assets
    
26.0
      
19.6
  
Contract liabilities
    
60.6
      
69.6