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Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table provides disaggregated revenue by reportable segment for the year ended December 31, 2020.
Industrial Technologies and ServicesPrecision and Science TechnologiesSpecialty Vehicle TechnologiesHigh Pressure SolutionsTotal
Primary Geographic Markets
United States$1,142.8 $297.1 $647.3 $148.4 $2,235.6 
Other Americas280.7 38.7 37.5 26.1 383.0 
Total Americas1,423.5 335.8 684.8 174.5 2,618.6 
EMEIA1,054.4 256.5 30.9 16.2 1,358.0 
Asia Pacific770.3 132.7 25.7 4.9 933.6 
Total$3,248.2 $725.0 $741.4 $195.6 $4,910.2 
Product Categories
Original equipment(1)
1,942.8 618.8 548.3 26.0 3,135.9 
Aftermarket(2)
1,305.4 106.2 193.1 169.6 1,774.3 
Total$3,248.2 $725.0 $741.4 $195.6 $4,910.2 
Pattern of Revenue Recognition
Revenue recognized at point in time(3)
$2,937.1 $725.0 $722.0 $195.6 $4,579.7 
Revenue recognized over time(4)
311.1 — 19.4 — 330.5 
Total$3,248.2 $725.0 $741.4 $195.6 $4,910.2 
The following table provides disaggregated revenue by reportable segment for the year ended December 31, 2019.
Industrial Technologies and ServicesPrecision and Science TechnologiesSpecialty Vehicle TechnologiesHigh Pressure SolutionsTotal
Primary Geographic Markets
United States$484.0 $140.7 $— $373.3 $998.0 
Other Americas132.5 14.4 — 40.8 187.7 
Total Americas616.5 155.1 — 414.1 1,185.7 
EMEIA765.7 112.1 — 13.4 891.2 
Asia Pacific318.7 49.4 — 6.9 375.0 
Total$1,700.9 $316.6 $— $434.4 $2,451.9 
Product Categories
Original equipment(1)
$1,152.0 $303.4 $— $69.8 $1,525.2 
Aftermarket(2)
548.9 13.2 — 364.6 926.7 
Total$1,700.9 $316.6 $— $434.4 $2,451.9 
Pattern of Revenue Recognition
Revenue recognized at point in time(3)
$1,561.5 $316.6 $— $434.4 $2,312.5 
Revenue recognized over time(4)
139.4 — — — 139.4 
Total$1,700.9 $316.6 $— $434.4 $2,451.9 
(1)Revenues from sales of capital equipment within the Industrial Technologies and services and High Pressure Solutions segments and sales of components to original equipment manufacturers in the Precision and Science Technologies 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, certain multi-year service contracts, and certain contracts for the 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 December 31, 2020 and December 31, 2019 presented in the Consolidated Balance Sheets.
December 31, 2020December 31, 2019
Accounts receivable, net$966.6 $459.1 
Contract assets60.5 29.0 
Contract liabilities176.5 51.7