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Sales
 12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract]  
Sales
NOTE 14. SALES
Refer to a discussion of our significant accounting policies regarding sales in Note 2. Basis of Presentation and Summary of Significant Accounting Policies.
Contract Assets
In certain circumstances, we record contract assets which include unbilled amounts typically resulting from sales under contracts when revenue recognized exceeds the amount billed to the customer, and right to payment is not only subject to the passage of time. Contract assets were $9.0 million and $12.8 million as of December 31, 2020 and 2019, respectively, and are included in Prepaid expenses and other current assets.
Contract Costs
We incur direct incremental costs to obtain certain contracts, typically sales-related commissions and costs associated with assets used by our customers in certain service arrangements. As of December 31, 2020 and 2019, we had $81.2 million and $95.2 million, respectively, in net revenue-related capitalized contract costs primarily related to assets used by our customers in certain software contracts, which are recorded in Prepaid expenses and other current assets, for the current portion, and Other assets, for the noncurrent portion, in the accompanying Consolidated and Combined Balance Sheets. These assets have estimated useful lives between 3 and 5 years and are amortized on a straight-line basis.
Impairment losses recognized on our revenue-related capitalized contract costs were immaterial during both the years ended December 31, 2020 and 2019.
Contract Liabilities
The Company’s contract liabilities consist of deferred revenue generally related to post contract support (“PCS”) and extended warranty sales. In these arrangements, the Company generally receives up-front payment and recognizes revenue over the support term of the contracts. Deferred revenue is classified as current or noncurrent based on the timing of when revenue is expected to be recognized.
The Company’s contract liabilities consisted of the following as of December 31:
($ in millions)20202019
Deferred revenue - current$87.6 $87.0 
Deferred revenue - noncurrent58.3 63.2 
Total contract liabilities$145.9 $150.2 
In the year ended December 31, 2020, the Company recognized $63.3 million of revenue related to the Company’s contract liabilities at January 1, 2020. The change in contract liabilities from December 31, 2019 to December 31, 2020 was primarily due to the timing of cash receipts and sales of PCS and extended warranty services.
Remaining Performance Obligations
Remaining performance obligations represent the transaction price of firm, noncancelable orders and the average contract value for software-as-a-service contracts, with expected customer delivery dates beyond one year from December 31, 2020 for which work has not been performed. The Company has excluded performance obligations with an original expected duration of one year or less. Performance obligations as of December 31, 2020 are $407.5 million, the majority of which are related to the annual contract value of software-as-a-service contracts. The Company expects approximately 35 percent of the remaining performance obligations will be fulfilled within the next two years, 65 percent with the next three years, and substantially all within four years.
Disaggregation of Revenue
We disaggregate revenue from contracts with customers by sales of product and services, geographic location, solution and major product group, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors.
Disaggregation of revenue is as follows for the years ended December 31:
($ in millions)202020192018
Sales:
Sales of products$2,459.9 $2,484.0 $2,408.1 
Sales of services244.7 288.1 257.8 
Total$2,704.6 $2,772.1 $2,665.9 
Geographic:
North America (a)
$1,898.3 $1,875.5 $1,751.8 
Western Europe255.7 275.5 288.4 
High-growth markets432.9 499.4 500.0 
Rest of world117.7 121.7 125.7 
Total$2,704.6 $2,772.1 $2,665.9 
Solution:
Retail fueling hardware$822.9 $851.2 $757.4 
Auto repair526.9 555.4 562.3 
Service and other recurring revenue445.3 466.7 433.6 
Environmental235.7 281.6 281.7 
Retail solutions375.9 294.9 281.4 
Software-as-a-service181.6 195.5 215.8 
Smart cities32.4 38.0 38.1 
E-mobility24.2 2.1 — 
Other59.7 86.7 95.6 
Total$2,704.6 $2,772.1 $2,665.9 
Major Product Group:
Mobility technologies$2,087.5 $2,134.2 $2,026.3 
Diagnostics and repair technologies617.1 637.9 639.6 
Total$2,704.6 $2,772.1 $2,665.9 
(a) Includes sales in the United States of $1,843.2 million, $1,811.8 million, and $1,668.6 million for the years ended December 31, 2020, 2019, and 2018, respectively.