Revenue Recognition (Tables) - Madison Industries IAQ Solutions Corporation

3 Months Ended

Mar. 31, 2026

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue

Customer sales disaggregated by the timing of transfer are as follows:

	Three months ended March 31,
	2026		2025
Products transferred at a point in time	$	900.4	$	668.4
Products transferred over time	23.3		22.0
Net Sales	$	923.7	$	690.4

Contract with Customer, Contract Asset, Contract Liability, and Receivable

Total contract assets and liabilities consisted of the following:

	March 31, 2026		December 31, 2025
Contract assets, current (included in accounts receivable, net)	$	28.9	$	43.3
Total contract assets	28.9		43.3
Contract liabilities, current (included in customer deposits and deferred revenue)	(123.1)		(128.3)
Contract liabilities, long-term (included in other long-term liabilities)	(13.2)		(13.3)
Total contract liabilities	(136.3)		(141.6)
Net contract assets (liabilities)	$	(107.4)	$	(98.3)