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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2020
Revenue from Contracts with Customers [Abstract]  
Disaggregation of Revenue
The following tables provide disaggregated revenue by reportable segment for the three month periods ended March 31, 2020 and 2019.

 
For the Three Month Period Ended
March 31, 2020
 
   
Industrial
Technologies
and Services
   
Precision and
Science
Technologies
   
High Pressure
Solutions
   
Specialty
Vehicle
Technologies
   
Total
 
Primary Geographic Markets
                             
United States
 
$
177.2
   
$
49.3
   
$
80.7
   
$
73.6
   
$
380.8
 
Other Americas
   
45.3
     
4.9
     
10.2
     
4.8
     
65.2
 
Total Americas
 
$
222.5
   
$
54.2
   
$
90.9
   
$
78.4
   
$
446.0
 
EMEA
   
200.6
     
40.9
     
4.1
     
5.4
     
251.0
 
Asia Pacific
   
80.9
     
17.8
     
1.4
     
2.8
     
102.9
 
Total
 
$
504.0
   
$
112.9
   
$
96.4
   
$
86.6
   
$
799.9
 
                                         
Product Categories
                                       
Original equipment(1)
 
$
303.3
   
$
99.0
   
$
12.5
   
$
72.6
   
$
487.4
 
Aftermarket(2)
   
200.7
     
13.9
     
83.9
     
14.0
     
312.5
 
Total
 
$
504.0
   
$
112.9
   
$
96.4
   
$
86.6
   
$
799.9
 
                                         
Pattern of Revenue Recognition
                                       
Revenue recognized at point in time(3)
 
$
459.4
   
$
112.9
   
$
96.4
   
$
84.5
   
$
753.2
 
Revenue recognized over time(4)
   
44.6
     
     
     
2.1
     
46.7
 
Total
 
$
504.0
   
$
112.9
   
$
96.4
   
$
86.6
   
$
799.9
 

 
For the Three Month Period Ended
March 31, 2019
 
   
Industrial
Technologies
and Services
   
Precision and
Science
Technologies
   
High Pressure
Solutions
   
Specialty
Vehicle
Technologies
   
Total
 
Primary Geographic Markets
                             
United States
 
$
116.5
   
$
37.8
   
$
114.9
   
$
   
$
269.2
 
Other Americas
   
29.6
     
0.7
     
13.7
     
     
44.0
 
Total Americas
 
$
146.1
   
$
38.5
   
$
128.6
   
$
   
$
313.2
 
EMEA
   
191.0
     
28.2
     
5.1
     
     
224.3
 
Asia Pacific
   
68.0
     
12.6
     
2.2
     
     
82.8
 
Total
 
$
405.1
   
$
79.3
   
$
135.9
   
$
   
$
620.3
 
                                         
Product Categories
                                       
Original equipment(1)
 
$
273.8
   
$
76.6
   
$
24.9
   
$
   
$
375.3
 
Aftermarket(2)
   
131.3
     
2.7
     
111.0
     
     
245.0
 
Total
 
$
405.1
   
$
79.3
   
$
135.9
   
$
   
$
620.3
 
                                         
Pattern of Revenue Recognition
                                       
Revenue recognized at point in time(3)
 
$
377.6
   
$
79.3
   
$
135.9
   
$
   
$
592.8
 
Revenue recognized over time(4)
   
27.5
     
     
     
     
27.5
 
Total
 
$
405.1
   
$
79.3
   
$
135.9
   
$
   
$
620.3
 

(1)
Revenues from sales of capital equipment within the Industrials Technologies and Services and High Pressure Solutions Segments, sales of components to original equipment manufacturers in the Precision and Science Technologies Segment and sales of vehicles to independent distributors in the Specialty Vehicle Technologies Segments.

(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 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 March 31, 2020 and December 31, 2019 presented in the Condensed Consolidated Balance Sheets.

 
March 31,
2020
   
December 31,
2019
 
Accounts receivable
 
$
1,027.5
   
$
459.1
 
Contract assets
   
54.2
     
29.0
 
Contract liabilities
   
166.2
     
51.7