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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022, follows:
(in millions)
Remainder of 202220232024202520262027Thereafter
Extended service warranties$12.3 $23.5 $22.5 $21.5 $20.6 $19.5 $159.4 
Change in Contract Liabilities A summary of the change in contract liabilities for the six months ended June 30, follows:
(in millions)
20222021
Balance as of January 1$283.9 $268.3 
Revenue recognized(38.1)(32.0)
Revenue deferred47.9 38.7 
Balance as of June 30
$293.7 $275.0 
Schedule of Change in Contract Assets A summary of the change in contract assets for the six months ended June 30, follows:
(in millions)
20222021
Balance as of January 1$72.1 $84.5 
Balance as of June 30
78.5 71.5 
Change in contract assets$6.4 $(13.0)
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, 2022
(in millions)CCMCWTCITCFTTotal
General construction$1,113.4 $368.9 $— $— $1,482.3 
Aerospace— — 94.6 — 94.6 
Medical— — 78.1 — 78.1 
Transportation— — — 39.6 39.6 
Heavy equipment— 27.3 — — 27.3 
General industrial and other— 52.7 39.9 32.4 125.0 
Total revenues$1,113.4 $448.9 $212.6 $72.0 $1,846.9 
Three Months Ended June 30, 2021
(in millions)CCMCWTCITCFTTotal
General construction
$722.8 $159.1 $— $— $881.9 
Aerospace
— — 74.0 — 74.0 
Medical
— — 59.1 — 59.1 
Transportation— — — 35.9 35.9 
Heavy equipment
— 22.9 — — 22.9 
General industrial and other
— 32.5 35.8 35.7 104.0 
Total revenues
$722.8 $214.5 $168.9 $71.6 $1,177.8 

Six Months Ended June 30, 2022
(in millions)CCMCWTCITCFTTotal
General construction$1,994.5 $667.2 $— $— $2,661.7 
Aerospace— — 177.9 — 177.9 
Medical— — 142.7 — 142.7 
Transportation— — — 78.0 78.0 
Heavy equipment— 58.1 — — 58.1 
General industrial and other— 82.7 77.0 65.1 224.8 
Total revenues$1,994.5 $808.0 $397.6 $143.1 $3,343.2 
Six Months Ended June 30, 2021
(in millions)CCMCWTCITCFTTotal
General construction
$1,279.2 $276.8 $— $— $1,556.0 
Aerospace
— — 139.9 — 139.9 
Medical — — 114.3 — 114.3 
Transportation
— — — 69.7 69.7 
Heavy equipment
— 43.2 — — 43.2 
General industrial and other
— 57.4 70.5 67.7 195.6 
Total revenues
$1,279.2 $377.4 $324.7 $137.4 $2,118.7 
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, 2022
(in millions)CCMCWTCITCFTTotal
United States$1,009.4 $403.8 $150.2 $36.1 $1,599.5 
International:
Europe62.8 5.1 17.5 11.7 97.1 
North America (excluding U.S.)32.6 35.9 8.8 3.3 80.6 
Asia and Middle East5.0 1.9 27.2 19.5 53.6 
Africa0.5 0.5 3.2 0.2 4.4 
Other3.1 1.7 5.7 1.2 11.7 
Total international104.0 45.1 62.4 35.9 247.4 
Total revenues$1,113.4 $448.9 $212.6 $72.0 $1,846.9 
Three Months Ended June 30, 2021
(in millions)CCMCWTCITCFTTotal
United States$633.8 $197.7 $126.8 $31.4 $989.7 
International:
Europe61.9 2.2 16.3 13.6 94.0 
North America (excluding U.S.)22.5 8.7 2.5 2.8 36.5 
Asia and Middle East4.4 5.0 20.4 22.3 52.1 
Africa0.1 0.9 0.9 0.2 2.1 
Other0.1 — 2.0 1.3 3.4 
Total international89.0 16.8 42.1 40.2 188.1 
Total revenues$722.8 $214.5 $168.9 $71.6 $1,177.8 
Six Months Ended June 30, 2022
(in millions)CCMCWTCITCFTTotal
United States$1,796.9 $722.3 $280.1 $69.5 $2,868.8 
International:
Europe122.7 10.5 35.7 24.6 193.5 
North America (excluding U.S.)60.2 64.1 19.6 7.8 151.7 
Asia and Middle East7.7 4.8 46.5 38.8 97.8 
Africa1.2 2.7 5.9 0.4 10.2 
Other5.8 3.6 9.8 2.0 21.2 
Total international197.6 85.7 117.5 73.6 474.4 
Total revenues$1,994.5 $808.0 $397.6 $143.1 $3,343.2 
Six Months Ended June 30, 2021
(in millions)CCMCWTCITCFTTotal
United States$1,113.1 $344.7 $238.3 $62.0 $1,758.1 
International:
Europe116.2 8.5 30.7 26.1 181.5 
North America (excluding U.S.)37.9 16.9 7.0 5.3 67.1 
Asia and Middle East9.1 6.4 42.3 41.7 99.5 
Africa1.3 0.9 2.2 0.4 4.8 
Other1.6 — 4.2 1.9 7.7 
Total international166.1 32.7 86.4 75.4 360.6 
Total revenues$1,279.2 $377.4 $324.7 $137.4 $2,118.7