REVENUES (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of principal activities, separated by reportable segments and geographic region

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)	2019		2018
Global Industrial
Product and sold equipment		$1,125.6		$1,069.8
Service and lease equipment		155.7		156.1
Global Institutional
Product and sold equipment		1,030.6		1,038.6
Service and lease equipment		177.9		167.7
Global Energy
Product and sold equipment		709.4		732.6
Service and lease equipment		100.0		110.3
Other
Product and sold equipment		20.7		18.6
Service and lease equipment		185.5		177.2
Total
Total product and sold equipment		$2,886.3		$2,859.6
Total service and lease equipment		619.1		611.3

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)	2019		2018		2019		2018		2019		2018		2019		2018

North America		$597.7		$556.7		$832.8		$817.0		$469.7		$485.1		$138.3		$130.0
Europe		309.0		297.2		231.9		244.6		100.3		101.8		30.4		30.3
Asia Pacific		164.4		160.9		59.7		60.3		57.6		67.4		9.8		8.9
Latin America		117.0		109.3		40.6		41.2		49.6		54.6		11.8		11.7
Greater China		62.9		71.1		31.5		29.3		20.5		18.3		13.2		12.0
Middle East and Africa		30.3		30.7		12.0		13.9		111.7		115.7		2.7		2.9
Total		$1,281.3		$1,225.9		$1,208.5		$1,206.3		$809.4		$842.9		$206.2		$195.8

Net sales by geographic region were determined based on origin of sale. Revenues in the United States made up 54% and 53% of total revenues as of March 31, 2019 and 2018, respectively.

Schedule of contract liability



	March 31		March 31
(millions)	2019		2018

Contract liability as of beginning of period		$75.8		$79.0

Revenue recognized in the period from:
Amounts included in the contract liability at the beginning of the period		(75.8)		(79.0)

Increases due to billings excluding amounts recognized as revenue during the period		82.4		88.0
Business combination		3.0		0.2

Contract liability as of end of period		$85.4		$88.2