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Revenues
6 Months Ended
Jun. 30, 2020
Revenue From Contract With Customer [Abstract]  
Revenues

3. Revenues

 

The Company records deferred revenue when cash payments are received or due in advance of satisfying the performance obligation. The table below shows the change in the customer advances balance for the three and six months ended June 30, 2020 and 2019 which are included in current liabilities in the Condensed Consolidated Balance Sheets.

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Balance at beginning of period

 

$

21.0

 

 

$

13.3

 

 

$

25.8

 

 

$

9.6

 

Cash received or due in advance of satisfying

   performance obligation

 

 

15.9

 

 

 

18.3

 

 

 

44.8

 

 

 

50.2

 

Revenue recognized

 

 

(21.6

)

 

 

(21.1

)

 

 

(54.1

)

 

 

(49.4

)

Currency translation

 

 

0.5

 

 

 

0.1

 

 

 

(0.7

)

 

 

0.2

 

Balance at end of period

 

$

15.8

 

 

$

10.6

 

 

$

15.8

 

 

$

10.6

 

 

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