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Net Sales
3 Months Ended
Mar. 31, 2022
Revenue From Contract With Customer [Abstract]  
Net Sales . Net Sales

The Company defers revenue when cash payments are received in advance of satisfying the performance obligation. The amounts are recorded as customer advances in the Condensed Consolidated Balance Sheets. The table below shows the change in the customer advances balance for the three months ended March 31, 2022 and 2021.

 

 

 

Three Months Ended
March 31,

 

 

 

2022

 

 

2021

 

Balance at beginning of period

 

$

28.7

 

 

$

25.5

 

Cash received in advance of satisfying
   performance obligations

 

 

15.5

 

 

 

30.5

 

Revenue recognized

 

 

(17.9

)

 

 

(34.1

)

Currency translation

 

 

(0.8

)

 

 

(0.3

)

Balance at end of period

 

$

25.5

 

 

$

21.6

 

Disaggregation of the Company’s revenue sources are disclosed in Note 17, “Segments.”