Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Reconciliation of Disaggregated Revenue

A summary of the timing of revenue recognition and reconciliation of disaggregated revenue by reportable segment follows:

	Three Months Ended March 31, 2018
(in millions)	CCM		CIT		CFT		CBF		Total
Products transferred at a point in time	$	593.4	$	195.4	$	63.5	$	98.3	$	950.6
Products and services transferred over time	5.2		28.9		—		—		34.1
Total revenues	$	598.6	$	224.3	$	63.5	$	98.3	$	984.7

	Three Months Ended March 31, 2017
(in millions)	CCM		CIT		CFT		CBF		Total
Products transferred at a point in time	$	441.2	$	192.6	$	60.5	$	73.2	$	767.5
Products and services transferred over time	4.9		1.6		—		—		6.5
Total revenues	$	446.1	$	194.2	$	60.5	$	73.2	$	774.0

A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows:

	Three Months Ended March 31, 2018
(in millions)	CCM		CIT		CFT		CBF		Total
General construction	$	546.3	$	—	$	—	$	—	$	546.3
Aerospace	—		154.8		—		6.3		161.1
Heavy equipment	26.2		—		—		79.2		105.4
Transportation	—		—		33.2		9.8		43.0
Medical	—		34.7		—		—		34.7
General industrial and other	26.1		34.8		30.3		3.0		94.2
Total revenues	$	598.6	$	224.3	$	63.5	$	98.3	$	984.7

	Three Months Ended March 31, 2017
(in millions)	CCM		CIT		CFT		CBF		Total
General construction	$	446.1	$	—	$	—	$	—	$	446.1
Aerospace	—		131.5		—		4.9		136.4
Heavy equipment	—		—		—		55.0		55.0
Transportation	—		—		31.9		9.3		41.2
Medical	—		28.3		—		—		28.3
General industrial and other	—		34.4		28.6		4.0		67.0
Total revenues	$	446.1	$	194.2	$	60.5	$	73.2	$	774.0

A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:

	Three Months Ended March 31, 2018
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	529.0	$	155.6	$	25.6	$	41.5	$	751.7
International:
Europe	39.4		22.3		13.3		30.3		105.3
Asia	5.2		22.9		19.8		18.9		66.8
Canada	18.4		1.1		1.6		0.7		21.8
Mexico and Latin America	0.9		12.0		2.1		3.6		18.6
Middle East and Africa	3.1		7.6		0.6		0.2		11.5
Other	2.6		2.8		0.5		3.1		9.0
Total international	$	69.6	$	68.7	$	37.9	$	56.8	$	233.0
Total revenues	$	598.6	$	224.3	$	63.5	$	98.3	$	984.7

	Three Months Ended March 31, 2017
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	394.6	$	125.7	$	25.1	$	29.5	$	574.9
International:
Europe	36.3		26.5		13.0		22.5		98.3
Asia	1.9		20.0		17.8		13.3		53.0
Canada	10.0		1.4		1.6		1.2		14.2
Mexico and Latin America	0.4		11.6		1.7		2.9		16.6
Middle East and Africa	2.3		7.4		0.4		1.6		11.7
Other	0.6		1.6		0.9		2.2		5.3
Total international	$	51.5	$	68.5	$	35.4	$	43.7	$	199.1
Total revenues	$	446.1	$	194.2	$	60.5	$	73.2	$	774.0

Summary of the Timing of Revenue Recognition

A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of March 31, 2018, follows:

(in millions)	Remainder of 2018		2019		2020		2021		2022		2023		Thereafter
Extended service warranties	$	15.1	$	19.1	$	18.1	$	17.1	$	15.9	$	14.7	$	110.0

Change in Contract Liabilities

A summary of the change in contract liabilities for the three months ended March 31, follows:

(in millions)	2018			2017
Balance as of January 1	$	215.8		$	195.2
Revenue recognized	(14.9		)	(13.0		)
Revenue deferred	18.2			20.9
Acquired liabilities	0.1			—
Balance as of March 31	$	219.2		$	203.1

Schedule of Change in Contract Assets

A summary of the change in contract assets for the three months ended March 31, follows:

(in millions)	2018
Balance as of January 1	$	—
Adoption of ASC 606	22.8
Revenue recognized and unbilled	33.8
Revenue billed	(22.8		)
Balance as of March 31	$	33.8