REVENUES (Tables)

9 Months Ended

Sep. 30, 2018

REVENUES

Schedule of principal activities, separated by reportable segments

Net sales at public exchange rates by reportable segment for the third quarter and nine months ended September 30 are as follows:

	Third Quarter Ended				Nine Months Ended
	September 30				September 30
(millions)	2018		2017		2018		2017
Global Industrial
Product and sold equipment		$1,176.8		$1,101.8		$3,380.9		$3,110.6
Service and lease equipment		175.4		171.0		524.5		485.2
Global Institutional
Product and sold equipment		1,130.8		1,075.6		3,297.8		3,060.2
Service and lease equipment		174.3		165.9		510.2		473.5
Global Energy
Product and sold equipment		761.7		712.6		2,246.6		2,079.7
Service and lease equipment		100.5		93.9		303.7		282.1
Other
Product and sold equipment		21.0		41.9		60.4		126.4
Service and lease equipment		206.7		201.8		583.6		569.2
Total
Total product and sold equipment		$3,090.3		$2,931.9		$8,985.7		$8,376.9
Total service and lease equipment		656.9		632.6		1,922.0		1,810.0

Net sales at public exchange rates by geographic region for the third quarter ended September 30 are as follows:

	Global				Global				Global
	Industrial				Institutional				Energy				Other
(millions)	2018		2017		2018		2017		2018		2017		2018		2017
North America		$628.0		$573.7		$898.1		$845.9		$502.1		$445.4		$156.9		$178.1
Europe		326.0		314.2		260.2		250.0		96.7		102.5		33.2		31.0
Asia Pacific		171.4		168.9		62.3		60.2		65.7		68.8		10.5		8.8
Latin America		121.6		113.7		40.9		41.7		55.5		62.1		11.5		11.4
Middle East and Africa		34.4		32.7		15.3		17.5		123.5		109.9		2.8		2.8
Greater China		70.9		69.7		28.3		26.3		18.7		17.9		12.7		11.3
Total		$1,352.3		$1,272.9		$1,305.1		$1,241.6		$862.2		$806.6		$227.6		$243.4

Net sales at public exchange rates by geographic region for the nine months ended September 30 are as follows:

	Global				Global				Global
	Industrial				Institutional				Energy				Other
(millions)	2018		2017		2018		2017		2018		2017		2018		2017
North America		$1,780.7		$1,643.7		$2,592.4		$2,450.2		$1,474.8		$1,323.6		$436.3		$512.3
Europe		959.5		852.3		774.9		666.5		302.5		287.0		97.0		84.2
Asia Pacific		503.7		483.1		186.8		174.7		200.1		190.6		29.4		24.7
Latin America		350.8		326.5		124.5		122.8		163.7		183.2		35.2		33.4
Middle East and Africa		99.0		93.3		44.5		44.7		354.1		326.8		8.5		8.4
Greater China		211.8		196.8		84.9		74.9		55.1		50.7		37.5		32.5
Total		$3,905.5		$3,595.7		$3,808.0		$3,533.8		$2,550.3		$2,361.9		$643.9		$695.5

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

Schedule of contract liability

	September 30		September 30
(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		81.7		82.5
Business combination		0.2		2.2
Contract liability as of end of period		$81.9		$84.7