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Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table presents our customer revenues disaggregated by revenue source:
 
Three Months Ended March 31, 2019
(Amounts in thousands)
FPD
 
FCD
 
Total
Original Equipment
$
205,803

 
$
214,047

 
$
419,850

Aftermarket
402,956

 
67,245

 
470,201

 
$
608,759

 
$
281,292

 
$
890,051

 
 
 
 
 
 
 
Three Months Ended March 31, 2018
(Amounts in thousands)
FPD
 
FCD
 
Total
Original Equipment
$
254,083

 
$
210,534

 
$
464,617

Aftermarket
389,957

 
65,380

 
455,337

 
$
644,040

 
$
275,914

 
$
919,954

 

Our customer sales are diversified geographically. The following table presents our revenues disaggregated by geography, based on the shipping addresses of our customers:
 
Three Months Ended March 31, 2019
(Amounts in thousands)
FPD
 
FCD
 
Total
North America(1)
$
247,769

 
$
135,177

 
$
382,946

Latin America(1)
37,601

 
5,796

 
43,397

Middle East and Africa
74,366

 
22,891

 
97,257

Asia Pacific
113,948

 
57,192

 
171,140

Europe
135,075

 
60,236

 
195,311

 
$
608,759

 
$
281,292

 
$
890,051

 
 
 
 
 
 
 
Three Months Ended March 31, 2018
(Amounts in thousands)
FPD
 
FCD
 
Total
North America(1)
$
258,875

 
$
124,408

 
$
383,283

Latin America(1)
41,467

 
5,669

 
47,136

Middle East and Africa
86,044

 
33,049

 
119,093

Asia Pacific
128,120

 
56,222

 
184,342

Europe
129,534

 
56,566

 
186,100

 
$
644,040

 
$
275,914

 
$
919,954

 

_____________________________________
(1) North America represents United States and Canada; Latin America includes Mexico.
Contract liabilities
The following table presents opening and closing balances of contract assets and contract liabilities, current and long-term, for the three months ended March 31, 2019:
( Amounts in thousands)
Contract Assets, net (Current)
 
Long-term Contract Assets, net(1)
 
Contract Liabilities (Current)
 
Long-term Contract Liabilities(2)
Beginning balance, January 1, 2019
$
228,579

 
10,967

 
$
202,458

 
$
1,370

Revenue recognized that was included in contract liabilities at the beginning of the period
—

 
—

 
(73,417
)
 
—

Increase due to revenue recognized in the period in excess of billings
155,444

 
—

 
—

 
—

Increase due to billings arising during the period in excess of revenue recognized
—

 
—

 
78,078

 
—

Amounts transferred from contract assets to receivables
(154,817
)
 
(2,202
)
 
—

 
—

Currency effects and other, net
(4,356
)
 
(19
)
 
623

 
(12
)
Ending balance, March 31, 2019
$
224,850

 
$
8,746

 
$
207,742

 
$
1,358

_____________________________________
(1) Included in other assets, net.
(2) Included in retirement obligations and other liabilities.