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Revenue Recognition (Tables)
9 Months Ended
Sep. 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 September 30, 2022, follows:
(in millions)
Remainder of 202220232024202520262027Thereafter
Extended service warranties$6.2 $24.3 $23.2 $22.3 $21.3 $20.2 $169.3 
Change in Contract Liabilities A summary of the change in contract liabilities for the nine months ended September 30, follows:
(in millions)
20222021
Balance as of January 1$283.9 $268.3 
Revenue recognized(55.2)(48.7)
Revenue deferred76.5 59.9 
Acquired liabilities— 2.6 
Balance as of September 30
$305.2 $282.1 
Schedule of Change in Contract Assets A summary of the change in contract assets for the nine months ended September 30, follows:
(in millions)
20222021
Balance as of January 1$72.1 $84.5 
Balance as of September 30
84.0 73.5 
Change in contract assets$11.9 $(11.0)
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 September 30, 2022
(in millions)CCMCWTCITCFTTotal
General construction$1,090.3 $353.0 $— $— $1,443.3 
Aerospace— — 104.5 — 104.5 
Medical— — 81.3 — 81.3 
Transportation— — — 40.5 40.5 
Heavy equipment— 26.3 — — 26.3 
General industrial and other— 27.4 37.9 32.9 98.2 
Total revenues$1,090.3 $406.7 $223.7 $73.4 $1,794.1 
Three Months Ended September 30, 2021
(in millions)CCMCWTCITCFTTotal
General construction
$783.9 $217.2 $— $— $1,001.1 
Aerospace
— — 78.0 — 78.0 
Medical
— — 66.6 — 66.6 
Transportation— — — 37.9 37.9 
Heavy equipment
— 29.8 — — 29.8 
General industrial and other
— 34.9 34.1 33.2 102.2 
Total revenues
$783.9 $281.9 $178.7 $71.1 $1,315.6 

Nine Months Ended September 30, 2022
(in millions)CCMCWTCITCFTTotal
General construction$3,084.8 $1,020.2 $— $— $4,105.0 
Aerospace— — 282.4 — 282.4 
Medical— — 224.0 — 224.0 
Transportation— — — 118.5 118.5 
Heavy equipment— 84.4 — — 84.4 
General industrial and other— 110.1 114.9 98.0 323.0 
Total revenues$3,084.8 $1,214.7 $621.3 $216.5 $5,137.3 
Nine Months Ended September 30, 2021
(in millions)CCMCWTCITCFTTotal
General construction
$2,063.1 $494.0 $— $— $2,557.1 
Aerospace
— — 217.9 — 217.9 
Medical — — 180.9 — 180.9 
Transportation
— — — 107.6 107.6 
Heavy equipment
— 73.0 — — 73.0 
General industrial and other
— 92.3 104.6 100.9 297.8 
Total revenues
$2,063.1 $659.3 $503.4 $208.5 $3,434.3 
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 September 30, 2022
(in millions)CCMCWTCITCFTTotal
United States$1,005.4 $362.2 $157.9 $34.3 $1,559.8 
International:
Europe64.2 4.4 17.5 10.9 97.0 
North America (excluding U.S.)14.9 34.6 11.4 3.5 64.4 
Asia and Middle East3.3 3.2 24.9 23.2 54.6 
Africa0.2 0.9 2.7 0.2 4.0 
Other2.3 1.4 9.3 1.3 14.3 
Total international84.9 44.5 65.8 39.1 234.3 
Total revenues$1,090.3 $406.7 $223.7 $73.4 $1,794.1 
Three Months Ended September 30, 2021
(in millions)CCMCWTCITCFTTotal
United States$701.3 $254.0 $134.7 $31.2 $1,121.2 
International:
Europe57.5 6.7 15.8 14.3 94.3 
North America (excluding U.S.)19.7 18.5 3.5 2.8 44.5 
Asia and Middle East4.0 1.0 19.0 22.5 46.5 
Africa0.1 1.4 1.0 0.1 2.6 
Other1.3 0.3 4.7 0.2 6.5 
Total international82.6 27.9 44.0 39.9 194.4 
Total revenues$783.9 $281.9 $178.7 $71.1 $1,315.6 
Nine Months Ended September 30, 2022
(in millions)CCMCWTCITCFTTotal
United States$2,802.3 $1,084.5 $438.0 $103.8 $4,428.6 
International:
Europe186.9 14.9 53.2 35.5 290.5 
North America (excluding U.S.)75.1 98.7 31.0 11.3 216.1 
Asia and Middle East11.0 8.0 71.4 62.0 152.4 
Africa1.4 3.6 8.6 0.6 14.2 
Other8.1 5.0 19.1 3.3 35.5 
Total international282.5 130.2 183.3 112.7 708.7 
Total revenues$3,084.8 $1,214.7 $621.3 $216.5 $5,137.3 
Nine Months Ended September 30, 2021
(in millions)CCMCWTCITCFTTotal
United States$1,814.4 $598.7 $373.0 $93.2 $2,879.3 
International:
Europe173.7 15.2 46.5 40.4 275.8 
North America (excluding U.S.)57.6 35.4 10.5 8.1 111.6 
Asia and Middle East13.1 7.4 61.3 64.2 146.0 
Africa1.4 2.3 3.2 0.5 7.4 
Other2.9 0.3 8.9 2.1 14.2 
Total international248.7 60.6 130.4 115.3 555.0 
Total revenues$2,063.1 $659.3 $503.4 $208.5 $3,434.3