Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2018
(in millions)	CCM		CIT		CFT		CBF		Total
Products transferred at a point in time	$	823.3	$	219.9	$	73.3	$	96.5	$	1,213.0
Products and services transferred over time	5.3		17.8		—		—		23.1
Total revenues	$	828.6	$	237.7	$	73.3	$	96.5	$	1,236.1
	Three Months Ended June 30, 2017
(in millions)	CCM		CIT		CFT		CBF		Total
Products transferred at a point in time	$	626.1	$	200.4	$	71.0	$	79.9	$	977.4
Products and services transferred over time	5.1		1.4		—		—		6.5
Total revenues	$	631.2	$	201.8	$	71.0	$	79.9	$	983.9

	Six Months Ended June 30, 2018
(in millions)	CCM		CIT		CFT		CBF		Total
Products transferred at a point in time	$	1,416.7	$	433.5	$	136.8	$	194.8	$	2,181.8
Products and services transferred over time	10.5		28.5		—		—		39.0
Total revenues	$	1,427.2	$	462.0	$	136.8	$	194.8	$	2,220.8
	Six Months Ended June 30, 2017
(in millions)	CCM		CIT		CFT		CBF		Total
Products transferred at a point in time	$	1,067.3	$	393.0	$	131.5	$	153.1	$	1,744.9
Products and services transferred over time	10.0		3.0		—		—		13.0
Total revenues	$	1,077.3	$	396.0	$	131.5	$	153.1	$	1,757.9

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

	Three Months Ended June 30, 2018
(in millions)	CCM		CIT		CFT		CBF		Total
General construction	$	768.1	$	—	$	—	$	—	$	768.1
Aerospace	—		150.8		—		3.5		154.3
Heavy equipment	31.6		—		—		79.3		110.9
Transportation	—		—		39.9		11.5		51.4
Medical	—		34.6		—		—		34.6
General industrial and other	28.9		52.3		33.4		2.2		116.8
Total revenues	$	828.6	$	237.7	$	73.3	$	96.5	$	1,236.1
	Three Months Ended June 30, 2017
(in millions)	CCM		CIT		CFT		CBF		Total
General construction	$	631.2	$	—	$	—	$	—	$	631.2
Aerospace	—		126.4		—		4.2		130.6
Heavy equipment	—		—		—		61.8		61.8
Transportation	—		—		39.8		10.8		50.6
Medical	—		32.1		—		—		32.1
General industrial and other	—		43.3		31.2		3.1		77.6
Total revenues	$	631.2	$	201.8	$	71.0	$	79.9	$	983.9

	Six Months Ended June 30, 2018
(in millions)	CCM		CIT		CFT		CBF		Total
General construction	$	1,314.4	$	—	$	—	$	—	$	1,314.4
Aerospace	—		305.6		—		9.8		315.4
Heavy equipment	57.8		—		—		158.5		216.3
Transportation	—		—		73.1		21.3		94.4
Medical	—		69.3		—		—		69.3
General industrial and other	55.0		87.1		63.7		5.2		211.0
Total revenues	$	1,427.2	$	462.0	$	136.8	$	194.8	$	2,220.8
	Six Months Ended June 30, 2017
(in millions)	CCM		CIT		CFT		CBF		Total
General construction	$	1,077.3	$	—	$	—	$	—	$	1,077.3
Aerospace	—		257.9		—		9.1		267.0
Heavy equipment	—		—		—		116.8		116.8
Transportation	—		—		71.7		20.1		91.8
Medical	—		60.4		—		—		60.4
General industrial and other	—		77.7		59.8		7.1		144.6
Total revenues	$	1,077.3	$	396.0	$	131.5	$	153.1	$	1,757.9

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 June 30, 2018
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	733.6	$	164.7	$	30.7	$	38.7	$	967.7
International:
Europe	52.4		23.0		15.0		28.9		119.3
Asia	3.6		25.6		24.6		20.6		74.4
Canada	29.5		1.4		1.7		0.7		33.3
Mexico and Latin America	1.4		12.4		0.5		3.9		18.2
Middle East and Africa	5.8		6.7		0.8		0.3		13.6
Other	2.3		3.9		—		3.4		9.6
Total international	95.0		73.0		42.6		57.8		268.4
Total revenues	$	828.6	$	237.7	$	73.3	$	96.5	$	1,236.1
	Three Months Ended June 30, 2017
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	564.7	$	129.0	$	29.1	$	33.9	$	756.7
International:
Europe	43.2		21.9		13.7		23.2		102.0
Asia	2.5		30.5		22.5		16.0		71.5
Canada	14.8		0.9		2.0		1.1		18.8
Mexico and Latin America	0.5		12.0		1.9		3.0		17.4
Middle East and Africa	4.6		5.9		0.6		0.2		11.3
Other	0.9		1.6		1.2		2.5		6.2
Total international	66.5		72.8		41.9		46.0		227.2
Total revenues	$	631.2	$	201.8	$	71.0	$	79.9	$	983.9

	Six Months Ended June 30, 2018
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	1,262.6	$	320.3	$	56.3	$	80.2	$	1,719.4
International:
Europe	91.8		45.3		28.3		59.2		224.6
Asia	8.8		48.5		44.4		39.5		141.2
Canada	47.9		2.5		3.3		1.4		55.1
Mexico and Latin America	2.3		24.4		2.6		7.5		36.8
Middle East and Africa	8.9		14.3		1.4		0.5		25.1
Other	4.9		6.7		0.5		6.5		18.6
Total international	164.6		141.7		80.5		114.6		501.4
Total revenues	$	1,427.2	$	462.0	$	136.8	$	194.8	$	2,220.8
	Six Months Ended June 30, 2017
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	959.3	$	254.7	$	54.2	$	63.4	$	1,331.6
International:
Europe	79.5		48.4		26.7		45.7		200.3
Asia	4.4		50.5		40.3		29.3		124.5
Canada	24.8		2.3		3.6		2.3		33.0
Mexico and Latin America	0.9		23.6		3.6		5.9		34.0
Middle East and Africa	6.9		13.3		1.0		1.8		23.0
Other	1.5		3.2		2.1		4.7		11.5
Total international	118.0		141.3		77.3		89.7		426.3
Total revenues	$	1,077.3	$	396.0	$	131.5	$	153.1	$	1,757.9

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 June 30, 2018, follows:

(in millions)	Remainder of 2018		2019		2020		2021		2022		2023		Thereafter
Extended service warranties	$	10.2	$	19.6	$	18.6	$	17.6	$	16.4	$	15.2	$	115.7

Change in Contract Liabilities

A summary of the change in contract liabilities for the six months ended June 30, follows:

(in millions)	2018			2017
Balance as of January 1	$	215.8		$	195.2
Revenue recognized	(31.2		)	(32.2		)
Revenue deferred	39.6			45.5
Acquired liabilities	0.2			—
Balance as of June 30	$	224.4		$	208.5

Schedule of Change in Contract Assets

A summary of the change in contract assets for the six months ended June 30, follows:

(in millions)	2018
Balance as of January 1	$	—
Adoption of ASC 606	22.8
Revenue recognized and unbilled	69.5
Revenue billed	(49.5		)
Balance as of June 30	$	42.8