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Net Sales
 12 Months Ended
Dec. 31, 2022
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. These 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, 2022 and 2021.

 

 

2022

 

 

2021

 

Balance at beginning of period

 

$

28.7

 

 

$

25.5

 

Cash received in advance of satisfying
   performance obligations

 

 

130.6

 

 

 

128.4

 

Revenue recognized

 

 

(139.2

)

 

 

(124.5

)

Currency translation

 

 

1.8

 

 

 

(0.7

)

Balance at end of period

 

$

21.9

 

 

$

28.7

 

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