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Net Sales
12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Net Sales

4. Net Sales

The Company defers revenue when cash payments are received in advance of satisfying the related performance obligation. The amounts are recorded as customer advances in the Consolidated Balance Sheets. The table below shows the change in the customer advances balance for the year ended December 31, 2021 and 2020.

 

 

 

2021

 

 

2020

 

Balance at beginning of period

 

$

25.5

 

 

$

25.8

 

Cash received in advance of satisfying
   performance obligations

 

 

128.4

 

 

 

108.0

 

Revenue recognized

 

 

(124.5

)

 

 

(108.5

)

Currency translation

 

 

(0.7

)

 

 

0.2

 

Balance at end of period

 

$

28.7

 

 

$

25.5

 

 

Disaggregation of the Company's revenue sources are disclosed in Note 18, "Segments."