Net Sales

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Net Sales

3. 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 Condensed Consolidated Balance Sheets. The table below shows the change in the customer advances balance for the three months ended March 31, 2024 and 2023.

	Three Months Ended March 31,
	2024			2023
Balance at beginning of period	$	19.2		$	21.9
Cash received in advance of satisfying    performance obligations		39.1			34.4
Revenue recognized		(37.7	)		(32.4	)
Currency translation		(0.3	)		0.1
Balance at end of period	$	20.3		$	24.0

Disaggregation of the Company’s revenue sources are disclosed in Note 16, “Segments.”