Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023, follows:

(in millions)	Remainder of 2023		2024		2025		2026		2027		2028		Thereafter
Extended service warranties	$	13.0	$	25.3	$	24.4	$	23.4	$	22.3	$	21.2	$	177.7

Summary of Change in Contract Liabilities

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

(in millions)	2023		2022
Balance as of January 1	$	296.5	$	274.4
Revenue recognized	(14.8)		(14.5)
Revenue deferred	27.3		20.7
Balance as of June 30	$	309.0	$	280.6

Summary of Change in Contract Assets

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

(in millions)	2023		2022
Balance as of January 1	$	89.7	$	70.9
Balance as of June 30	80.9		76.9
Change in contract assets	$	(8.8)	$	6.0

Summary of 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, 2023
(in millions)	CCM		CWT		CIT		Total
General construction:
Non-residential	$	872.5	$	147.0	$	—	$	1,019.5
Residential	75.0		165.5		—		240.5
Total construction	947.5		312.5		—		1,260.0
Aerospace	—		—		113.6		113.6
Medical	—		—		64.9		64.9
Heavy equipment	—		28.5		—		28.5
General industrial and other	—		18.5		40.4		58.9
Total revenues	$	947.5	$	359.5	$	218.9	$	1,525.9
	Three Months Ended June 30, 2022
(in millions)	CCM		CWT		CIT		Total
General construction:
Non-residential	$	1,028.4	$	150.8	$	—	$	1,179.2
Residential	85.0		218.1		—		303.1
Total construction	1,113.4		368.9		—		1,482.3
Aerospace	—		—		94.6		94.6
Medical	—		—		78.1		78.1
Heavy equipment	—		27.3		—		27.3
General industrial and other	—		52.7		39.9		92.6
Total revenues	$	1,113.4	$	448.9	$	212.6	$	1,774.9

	Six Months Ended June 30, 2023
(in millions)	CCM		CWT		CIT		Total
General construction:
Non-residential	$	1,395.9	$	266.9	$	—	$	1,662.8
Residential	127.6		318.0		—		445.6
Total construction	1,523.5		584.9		—		2,108.4
Aerospace	—		—		224.7		224.7
Medical	—		—		130.7		130.7
Heavy equipment	—		54.6		—		54.6
General industrial and other	—		36.6		77.0		113.6
Total revenues	$	1,523.5	$	676.1	$	432.4	$	2,632.0
	Six Months Ended June 30, 2022
(in millions)	CCM		CWT		CIT		Total
General construction:
Non-residential	$	1,840.8	$	275.0	$	—	$	2,115.8
Residential	153.7		392.2		—		545.9
Total construction	1,994.5		667.2		—		2,661.7
Aerospace	—		—		177.9		177.9
Medical	—		—		142.7		142.7
Heavy equipment	—		58.1		—		58.1
General industrial and other	—		82.7		77.0		159.7
Total revenues	$	1,994.5	$	808.0	$	397.6	$	3,200.1

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, 2023
(in millions)	CCM		CWT		CIT		Total
United States	$	868.6	$	315.8	$	164.9	$	1,349.3
International:
Europe	49.6		4.8		19.7		74.1
North America (excluding U.S.)	25.3		33.1		12.2		70.6
Asia and Middle East	3.3		2.2		17.3		22.8
Africa	0.1		1.7		2.8		4.6
Other	0.6		1.9		2.0		4.5
Total international	78.9		43.7		54.0		176.6
Total revenues	$	947.5	$	359.5	$	218.9	$	1,525.9
	Three Months Ended June 30, 2022
(in millions)	CCM		CWT		CIT		Total
United States	$	1,009.4	$	403.8	$	150.2	$	1,563.4
International:
Europe	62.8		5.1		17.5		85.4
North America (excluding U.S.)	32.6		35.9		8.8		77.3
Asia and Middle East	5.0		1.9		27.2		34.1
Africa	0.5		0.5		3.2		4.2
Other	3.1		1.7		5.7		10.5
Total international	104.0		45.1		62.4		211.5
Total revenues	$	1,113.4	$	448.9	$	212.6	$	1,774.9

	Six Months Ended June 30, 2023
(in millions)	CCM		CWT		CIT		Total
United States	$	1,364.4	$	598.1	$	322.6	$	2,285.1
International:
Europe	104.8		10.0		39.9		154.7
North America (excluding U.S.)	43.2		57.4		24.3		124.9
Asia and Middle East	7.1		4.6		34.9		46.6
Africa	0.6		2.5		6.2		9.3
Other	3.4		3.5		4.5		11.4
Total international	159.1		78.0		109.8		346.9
Total revenues	$	1,523.5	$	676.1	$	432.4	$	2,632.0
	Six Months Ended June 30, 2022
(in millions)	CCM		CWT		CIT		Total
United States	$	1,796.9	$	722.3	$	280.1	$	2,799.3
International:
Europe	122.7		10.5		35.7		168.9
North America (excluding U.S.)	60.2		64.1		19.6		143.9
Asia and Middle East	7.7		4.8		46.5		59.0
Africa	1.2		2.7		5.9		9.8
Other	5.8		3.6		9.8		19.2
Total international	197.6		85.7		117.5		400.8
Total revenues	$	1,994.5	$	808.0	$	397.6	$	3,200.1