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Sales
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
Sales

 


 

3. Sales

The Company records deferred revenue when cash payments are received in advance of satisfying the performance obligation. The table below shows the change in the customer advances balance for the three months ended March 31, 2021 and 2020 which are included in current liabilities in the Condensed Consolidated Balance Sheets.

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

Balance at beginning of period

 

$

25.5

 

 

$

25.8

 

Cash received in advance of satisfying

   performance obligations

 

 

30.5

 

 

 

28.9

 

Revenue recognized

 

 

(34.1

)

 

 

(32.5

)

Currency translation

 

 

(0.3

)

 

 

(1.2

)

Balance at end of period

 

$

21.6

 

 

$

21.0

 

 

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