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Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Segment
The following tables provide disaggregated revenue by reportable segment for the three month periods ended September 30, 2020 and 2019.
For the Three Month Period Ended September 30, 2020
Industrial Technologies and ServicesPrecision and Science TechnologiesHigh Pressure SolutionsSpecialty Vehicle TechnologiesTotal
Primary Geographic Markets
United States$323.0 $82.2 $19.1 $167.3 $591.6 
Other Americas80.1 12.5 7.7 9.5 109.8 
Total Americas403.1 94.7 26.8 176.8 701.4 
EMEAI277.7 76.7 4.1 8.5 367.0 
Asia Pacific221.8 38.5 0.8 5.7 266.8 
Total$902.6 $209.9 $31.7 $191.0 $1,335.2 
Product Categories
Original equipment$528.3 $179.4 $4.5 $133.5 $845.7 
Aftermarket374.3 30.5 27.2 57.5 489.5 
Total$902.6 $209.9 $31.7 $191.0 $1,335.2 
Pattern of Revenue Recognition
Revenue recognized at point in time(1)
$816.7 $209.9 $31.7 $184.0 $1,242.3 
Revenue recognized over time(2)
85.9 — — 7.0 92.9 
Total$902.6 $209.9 $31.7 $191.0 $1,335.2 
For the Three Month Period Ended September 30, 2019
Industrial Technologies and ServicesPrecision and Science TechnologiesHigh Pressure SolutionsSpecialty Vehicle TechnologiesTotal
Primary Geographic Markets
United States$125.3 $31.0 $82.9 $— $239.2 
Other Americas29.2 10.4 11.0 — 50.6 
Total Americas154.5 41.4 93.9 — 289.8 
EMEAI183.5 28.1 4.8 — 216.4 
Asia Pacific77.3 11.9 1.3 — 90.5 
Total$415.3 $81.4 $100.0 $— $596.7 
Product Categories
Original equipment$280.1 $78.4 $8.0 $— $366.5 
Aftermarket135.2 3.0 92.0 — 230.2 
Total$415.3 $81.4 $100.0 $— $596.7 
Pattern of Revenue Recognition
Revenue recognized at point in time(1)
$381.7 $81.4 $100.0 $— $563.1 
Revenue recognized over time(2)
33.6 — — — 33.6 
Total$415.3 $81.4 $100.0 $— $596.7 
(1)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.
(2)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.
The following tables provide disaggregated revenue by reportable segment for the nine month periods ended September 30, 2020 and 2019.
For the Nine Month Period Ended September 30, 2020
Industrial Technologies and ServicesPrecision and Science TechnologiesHigh Pressure SolutionsSpecialty Vehicle TechnologiesTotal
Primary Geographic Markets
United States$789.9 $215.2 $117.1 $432.1 $1,554.3 
Other Americas195.9 27.3 18.5 26.3 268.0 
Total Americas985.8 242.5 135.6 458.4 1,822.3 
EMEAI725.4 181.3 10.5 20.7 937.9 
Asia Pacific525.0 94.7 3.4 16.2 639.3 
Total$2,236.2 $518.5 $149.5 $495.3 $3,399.5 
Product Categories
Original equipment$1,333.5 $447.5 $20.5 $366.2 $2,167.7 
Aftermarket902.7 71.0 129.0 129.1 1,231.8 
Total$2,236.2 $518.5 $149.5 $495.3 $3,399.5 
Pattern of Revenue Recognition
Revenue recognized at point in time(1)
2,026.3 $518.5 $149.5 $481.3 $3,175.6 
Revenue recognized over time(2)
$209.9 — — 14.0 223.9 
Total$2,236.2 $518.5 $149.5 $495.3 $3,399.5 
For the Nine Month Period Ended September 30, 2019
Industrial Technologies and ServicesPrecision and Science TechnologiesHigh Pressure SolutionsSpecialty Vehicle TechnologiesTotal
Primary Geographic Markets
United States$370.9 $107.9 $303.6 $— $782.4 
Other Americas94.2 12.5 33.9 — 140.6 
Total Americas465.1 120.4 337.5 — 923.0 
EMEAI553.4 84.2 12.5 — 650.1 
Asia Pacific229.5 38.1 5.4 — 273.0 
Total$1,248.0 $242.7 $355.4 $— $1,846.1 
Product Categories
Original equipment$843.6 $234.9 $57.3 $— $1,135.8 
Aftermarket404.4 7.8 298.1 — 710.3 
Total$1,248.0 $242.7 $355.4 $— $1,846.1 
Pattern of Revenue Recognition
Revenue recognized at point in time(1)
1,155.5 $242.7 $355.4 $— $1,753.6 
Revenue recognized over time(2)
$92.5 — — — 92.5 
Total$1,248.0 $242.7 $355.4 $— $1,846.1 
(1)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.
(2)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.
Schedule of Contract Balances
The following table provides the contract balances as of September 30, 2020 and December 31, 2019 presented in the Condensed Consolidated Balance Sheets.
September 30, 2020December 31, 2019
Accounts receivable$934.6 $459.1 
Contract assets53.0 29.0 
Contract liabilities168.8 51.7