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Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2020
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue
A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:
2020
(in millions)CCMCITCFTCBFTotal
United States$2,677.5 $540.9 $109.4 $102.5 $3,430.3 
International:
Europe201.4 65.3 46.3 82.0 395.0 
Asia17.8 69.9 74.9 66.2 228.8 
Canada77.7 3.4 5.2 3.3 89.6 
Mexico4.3 33.7 4.6 8.7 51.3 
Middle East and Africa11.7 15.0 1.6 1.0 29.3 
Other5.2 3.4 0.7 11.6 20.9 
Total international318.1 190.7 133.3 172.8 814.9 
Total revenues$2,995.6 $731.6 $242.7 $275.3 $4,245.2 

2019
(in millions)CCMCITCFTCBFTotal
United States$2,895.5 $699.5 $124.1 $128.0 $3,847.1 
International:
Europe204.2 71.7 54.8 97.6 428.3 
Asia19.7 107.9 87.9 72.8 288.3 
Canada89.7 5.5 6.2 3.3 104.7 
Mexico3.0 53.0 2.7 11.3 70.0 
Middle East and Africa13.1 23.0 1.9 1.4 39.4 
Other8.1 12.3 0.8 12.6 33.8 
Total international337.8 273.4 154.3 199.0 964.5 
Total revenues$3,233.3 $972.9 $278.4 $327.0 $4,811.6 

2018
(in millions)CCMCITCFTCBFTotal
United States$2,552.6 $634.0 $116.9 $157.8 $3,461.3 
International:
Europe186.2 89.7 58.6 109.0 443.5 
Asia16.4 114.0 100.1 76.0 306.5 
Canada97.9 4.8 6.5 2.9 112.1 
Mexico4.1 48.2 5.4 14.3 72.0 
Middle East and Africa15.2 27.7 2.5 1.4 46.8 
Other7.9 15.4 1.6 12.4 37.3 
Total international327.7 299.8 174.7 216.0 1,018.2 
Total revenues$2,880.3 $933.8 $291.6 $373.8 $4,479.5 
Remaining Performance Obligations
Remaining performance obligations for extended service warranties represent the transaction price for the remaining stand-ready obligation to perform warranty services. A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of December 31, 2020 follows:
(in millions)20212022202320242025Thereafter
Extended service warranties$22.9 $21.7 $20.5 $19.4 $18.5 $155.3 
Contract Balances
Contract liabilities relate to payments received in advance of performance under a contract, primarily related to extended service warranties in the CCM segment, systems contracts in the CFT segment and highly customized product contracts in the CIT segment. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. A summary of the change in contract liabilities follows:
(in millions)202020192018
Balance as of January 1$247.4 $227.4 $215.8 
Revenue recognized(68.4)(69.1)(79.5)
Revenue deferred89.3 87.6 90.5 
Acquired liabilities— 1.5 0.6 
Balance as of December 31$268.3 $247.4 $227.4 
Contract assets relate to the Company's right to payment for performance completed to date under a contract, primarily related to highly customized product contracts within the CIT and CFT segments. Accounts receivable are recorded when the right to payment becomes unconditional, which generally occurs over twelve months or less. A summary of the change in contract assets follows:
(in millions)202020192018
Balance as of January 1$100.5 $44.7 $— 
Balance as of December 3184.5 100.5 44.7 
Change in contract assets$(16.0)$55.8 $44.7 
Revenues by End Market  
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue
A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows:
2020
(in millions)CCMCITCFTCBFTotal
General construction$2,839.0 $— $— $— $2,839.0 
Aerospace— 348.1 — 14.9 363.0 
Heavy equipment69.8 — — 220.3 290.1 
Medical— 222.7 — — 222.7 
Transportation— — 132.4 30.0 162.4 
General industrial and other86.8 160.8 110.3 10.1 368.0 
Total revenues$2,995.6 $731.6 $242.7 $275.3 $4,245.2 

2019
(in millions)CCMCITCFTCBFTotal
General construction$3,035.6 $— $— $— $3,035.6 
Aerospace— 641.4 — 23.3 664.7 
Heavy equipment100.2 — — 259.5 359.7 
Medical— 162.3 — — 162.3 
Transportation— — 152.2 33.5 185.7 
General industrial and other97.5 169.2 126.2 10.7 403.6 
Total revenues$3,233.3 $972.9 $278.4 $327.0 $4,811.6 

2018
(in millions)CCMCITCFTCBFTotal
General construction$2,661.4 $— $— $— $2,661.4 
Aerospace— 620.3 — 21.5 641.8 
Heavy equipment112.1 — — 300.7 412.8 
Medical— 146.4 — — 146.4 
Transportation— — 154.9 41.1 196.0 
General industrial and other106.8 167.1 136.7 10.5 421.1 
Total revenues$2,880.3 $933.8 $291.6 $373.8 $4,479.5 
Products Transferred at a Point in Time or Over Time  
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue A summary of the timing of revenue recognition and reconciliation of disaggregated revenue by reportable segment follows:
2020
(in millions)CCMCITCFTCBFTotal
Products transferred at a point in time$2,972.2 $422.9 $240.4 $275.3 $3,910.8 
Products and services transferred over time
23.4 308.7 2.3 — 334.4 
Total revenues$2,995.6 $731.6 $242.7 $275.3 $4,245.2 

2019
(in millions)CCMCITCFTCBFTotal
Products transferred at a point in time$3,211.1 $531.7 $278.4 $327.0 $4,348.2 
Products and services transferred over time
22.2 441.2 — — 463.4 
Total revenues$3,233.3 $972.9 $278.4 $327.0 $4,811.6 

2018
(in millions)CCMCITCFTCBFTotal
Products transferred at a point in time$2,859.0 $540.7 $291.6 $373.8 $4,065.1 
Products and services transferred over time
21.3 393.1 — — 414.4 
Total revenues$2,880.3 $933.8 $291.6 $373.8 $4,479.5