REVENUES (Tables)

6 Months Ended

Jun. 30, 2019

REVENUES

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

Net sales at public exchange rates by reportable segment for the second quarter and six months ended June 30 are as follows:

	Second Quarter Ended				Six Months Ended
	June 30				June 30
(millions)	2019		2018		2019		2018
Global Industrial
Product and sold equipment		$1,211.1		$1,162.7		$2,336.7		$2,232.5
Service and lease equipment		169.7		164.6		325.4		320.7
Global Institutional
Product and sold equipment		1,125.4		1,128.4		2,156.0		2,167.0
Service and lease equipment		186.4		168.2		364.3		335.9
Global Energy
Product and sold equipment		733.9		748.6		1,443.3		1,481.2
Service and lease equipment		103.5		96.6		203.5		206.9
Other
Product and sold equipment		21.7		20.8		42.4		39.4
Service and lease equipment		207.7		199.7		393.2		376.9
Total
Total product and sold equipment		$3,092.1		$3,060.5		$5,978.4		$5,920.1
Total service and lease equipment		667.3		629.1		1,286.4		1,240.4

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

	Global				Global				Global
	Industrial				Institutional				Energy				Other
(millions)	2019		2018		2019		2018		2019		2018		2019		2018
North America		$631.0		$596.0		$907.6		$877.3		$479.9		$487.6		$157.6		$149.4
Europe		345.6		336.3		256.0		270.1		106.7		104.0		34.0		33.5
Asia Pacific		176.8		171.4		62.8		64.2		60.9		67.0		9.5		10.0
Latin America		124.0		119.9		41.3		42.4		51.8		53.6		11.5		12.0
Greater China		66.2		69.8		28.2		27.3		21.4		18.1		14.0		12.8
Middle East and Africa		37.2		33.9		15.9		15.3		116.7		114.9		2.8		2.8
Total		$1,380.8		$1,327.3		$1,311.8		$1,296.6		$837.4		$845.2		$229.4		$220.5

Net sales at public exchange rates by geographic region for the first six months ended June 30 are as follows:

	Global				Global				Global
	Industrial				Institutional				Energy				Other
(millions)	2019		2018		2019		2018		2019		2018		2019		2018
North America		$1,228.7		$1,152.7		$1,740.4		$1,694.3		$949.6		$972.7		$295.9		$279.4
Europe		654.6		633.5		487.9		514.7		207.0		205.8		64.4		63.8
Asia Pacific		341.2		332.3		122.5		124.5		118.5		134.4		19.3		18.9
Latin America		241.0		229.2		81.9		83.6		101.4		108.2		23.3		23.7
Greater China		129.1		140.9		59.7		56.6		41.9		36.4		27.2		24.8
Middle East and Africa		67.5		64.6		27.9		29.2		228.4		230.6		5.5		5.7
Total		$2,662.1		$2,553.2		$2,520.3		$2,502.9		$1,646.8		$1,688.1		$435.6		$416.3

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 June 30, 2019 and 2018, respectively.

Schedule of contract liability

	June 30		June 30
(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		80.2		87.1
Business combination		3.0		0.2
Contract liability as of end of period		$83.2		$87.3