REVENUES (Tables)

3 Months Ended

Mar. 31, 2018

REVENUES

Schedule of principal activities, separated by reportable segments

Net sales at public exchange rates by reportable segment for the first quarter ended March 31 are as follows:

	First Quarter Ended
	March 31
(millions)	2018		2017
Global Industrial
Product and sold equipment		$1,055.6		$963.7
Service and lease equipment		170.4		150.5
Global Institutional
Product and sold equipment		1,038.6		927.6
Service and lease equipment		167.6		146.9
Global Energy
Product and sold equipment		734.4		671.0
Service and lease equipment		108.5		86.9
Other
Product and sold equipment		18.6		42.1
Service and lease equipment		177.2		173.7
Total
Total product and sold equipment		$2,847.2		$2,604.4
Total service and lease equipment		623.7		558.0

Net sales at public exchange rates by geographic region for the first quarter ended March 31 are as follows:

	Global				Global				Global
	Industrial				Institutional				Energy				Other
(millions)	2018		2017		2018		2017		2018		2017		2018		2017
North America		$556.8		$521.2		$816.9		$768.4		$485.0		$430.1		$130.0		$160.3
Europe		297.2		249.9		244.6		176.1		101.8		86.2		30.3		24.0
Asia Pacific		160.9		149.5		60.3		55.0		67.4		57.9		8.9		8.0
Latin America		109.3		101.7		41.2		38.5		54.6		58.5		11.7		10.7
Middle East and Africa		30.7		28.5		13.9		11.5		115.8		109.3		2.9		2.7
Greater China		71.1		63.4		29.3		25.0		18.3		15.9		12.0		10.1
Total		$1,226.0		$1,114.2		$1,206.2		$1,074.5		$842.9		$757.9		$195.8		$215.8

Net sales by geographic region were determined based on origin of sale.

Schedule of contract liability

	March 31		March 31
(millions)	2018		2017
Contract liability as of beginning of period		$79.0		$68.6
Revenue recognized in the period from:
Amounts included in the contract liability at the beginning of the period		(79.0)		(68.6)
Increases due to billings excluding amounts recognized as revenue during the period		88.0		71.6
Business combination		0.2		2.2
Contract liability as of end of period		$88.2		$73.8