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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
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, 2021, follows:
(in millions)
Remainder of 202120222023202420252026Thereafter
Extended service warranties$11.8 $22.6 $21.4 $20.3 $19.4 $18.4 $149.4 
Change in Contract Liabilities A summary of the change in contract liabilities for the six months ended June 30, follows:
(in millions)
20212020
Balance as of January 1$268.3 $247.4 
Revenue recognized(32.0)(28.8)
Revenue deferred38.7 40.2 
Balance as of June 30$275.0 $258.8 
Schedule of Change in Contract Assets A summary of the change in contract assets for the six months ended June 30, follows:
(in millions)
20212020
Balance as of January 1$84.5 $100.5 
Balance as of June 3071.5 101.9 
Change in contract assets$(13.0)$1.4 
Reconciliation of Disaggregated Revenue
A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows:
Three Months Ended June 30, 2021
(in millions)CCMCITCFTTotal
General construction$881.9 $— $— $881.9 
Aerospace— 74.0 — 74.0 
Heavy equipment22.9 — — 22.9 
Medical— 59.1 — 59.1 
Transportation— — 35.9 35.9 
General industrial and other32.5 35.8 35.7 104.0 
Total revenues$937.3 $168.9 $71.6 $1,177.8 
Three Months Ended June 30, 2020
(in millions)CCMCITCFTTotal
General construction
$699.2 $— $— $699.2 
Aerospace
— 80.8 — 80.8 
Heavy equipment
14.0 — — 14.0 
Medical— 62.8 — 62.8 
Transportation
— — 23.2 23.2 
General industrial and other
21.7 40.4 23.3 85.4 
Total revenues
$734.9 $184.0 $46.5 $965.4 
Six Months Ended June 30, 2021
(in millions)CCMCITCFTTotal
General construction$1,556.0 $— $— $1,556.0 
Aerospace— 139.9 — 139.9 
Heavy equipment43.2 — — 43.2 
Medical— 114.3 — 114.3 
Transportation— — 69.7 69.7 
General industrial and other57.4 70.5 67.7 195.6 
Total revenues$1,656.6 $324.7 $137.4 $2,118.7 
Six Months Ended June 30, 2020
(in millions)CCMCITCFTTotal
General construction
$1,335.0 $— $— $1,335.0 
Aerospace
— 217.5 — 217.5 
Heavy equipment
35.5 — — 35.5 
Medical — 111.0 — 111.0 
Transportation
— — 58.5 58.5 
General industrial and other
40.8 80.0 46.3 167.1 
Total revenues
$1,411.3 $408.5 $104.8 $1,924.6 
Revenues by Geographic Area
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, 2021
(in millions)CCMCITCFTTotal
United States$831.5 $126.8 $31.4 $989.7 
International:
Europe64.1 16.3 13.6 94.0 
Asia6.2 18.9 22.1 47.2 
North America (excluding U.S.)31.2 2.5 2.8 36.5 
Middle East and Africa4.2 2.4 0.4 7.0 
Other0.1 2.0 1.3 3.4 
Total international105.8 42.1 40.2 188.1 
Total revenues$937.3 $168.9 $71.6 $1,177.8 
Three Months Ended June 30, 2020
(in millions)CCMCITCFTTotal
United States$657.2 $129.3 $20.7 $807.2 
International:
Europe51.3 20.7 6.4 78.4 
Asia4.8 18.6 17.4 40.8 
North America (excluding U.S.)18.2 6.1 1.6 25.9 
Middle East and Africa2.4 2.4 0.2 5.0 
Other1.0 6.9 0.2 8.1 
Total international77.7 54.7 25.8 158.2 
Total revenues$734.9 $184.0 $46.5 $965.4 
Six Months Ended June 30, 2021
(in millions)CCMCITCFTTotal
United States$1,457.8 $238.3 $62.0 $1,758.1 
International:
Europe124.7 30.7 26.1 181.5 
Asia10.1 39.5 41.3 90.9 
North America (excluding U.S.)54.8 7.0 5.3 67.1 
Middle East and Africa7.6 5.0 0.8 13.4 
Other1.6 4.2 1.9 7.7 
Total international198.8 86.4 75.4 360.6 
Total revenues$1,656.6 $324.7 $137.4 $2,118.7 
Six Months Ended June 30, 2020
(in millions)CCMCITCFTTotal
United States$1,254.1 $290.7 $49.0 $1,593.8 
International:
Europe102.4 40.0 16.8 159.2 
Asia8.1 37.0 34.3 79.4 
North America (excluding U.S.)37.8 18.5 3.6 59.9 
Middle East and Africa6.3 7.3 0.7 14.3 
Other2.6 15.0 0.4 18.0 
Total international157.2 117.8 55.8 330.8 
Total revenues$1,411.3 $408.5 $104.8 $1,924.6