Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Summary of Remaining Performance Obligation

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, 2023, follows:

(in millions)	Remainder of 2023		2024		2025		2026		2027		2028		Thereafter
Extended service warranties	$	6.6	$	26.0	$	25.1	$	24.1	$	23.1	$	22.0	$	187.9

Summary of Change in Contract Liabilities

A summary of the change in contract liabilities for the nine months ended September 30, follows:

(in millions)	2023		2022
Balance as of January 1	$	294.8	$	273.3
Revenue recognized	(20.1)		(19.0)
Revenue deferred	40.1		32.5
Balance as of September 30	$	314.8	$	286.8

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 September 30, 2023
(in millions)	CCM		CWT		Total
General construction:
Non-residential	$	839.8	$	127.2	$	967.0
Residential	74.2		173.4		247.6
Total construction	914.0		300.6		1,214.6
Heavy equipment	—		26.2		26.2
General industrial and other	—		19.0		19.0
Total revenues	$	914.0	$	345.8	$	1,259.8
	Three Months Ended September 30, 2022
(in millions)	CCM		CWT		Total
General construction:
Non-residential	$	1,007.1	$	154.7	$	1,161.8
Residential	83.2		198.3		281.5
Total construction	1,090.3		353.0		1,443.3
Heavy equipment	—		26.3		26.3
General industrial and other	—		27.4		27.4
Total revenues	$	1,090.3	$	406.7	$	1,497.0

	Nine Months Ended September 30, 2023
(in millions)	CCM		CWT		Total
General construction:
Non-residential	$	2,235.7	$	394.1	$	2,629.8
Residential	201.8		491.4		693.2
Total construction	2,437.5		885.5		3,323.0
Heavy equipment	—		80.8		80.8
General industrial and other	—		55.6		55.6
Total revenues	$	2,437.5	$	1,021.9	$	3,459.4
	Nine Months Ended September 30, 2022
(in millions)	CCM		CWT		Total
General construction:
Non-residential	$	2,847.9	$	429.7	$	3,277.6
Residential	236.9		590.5		827.4
Total construction	3,084.8		1,020.2		4,105.0
Heavy equipment	—		84.4		84.4
General industrial and other	—		110.1		110.1
Total revenues	$	3,084.8	$	1,214.7	$	4,299.5

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, 2023
(in millions)	CCM		CWT		Total
United States	$	830.0	$	305.4	$	1,135.4
International:
Europe	52.1		4.3		56.4
North America (excluding U.S.)	24.1		29.9		54.0
Asia and Middle East	6.0		2.5		8.5
Africa	0.3		2.0		2.3
Other	1.5		1.7		3.2
Total international	84.0		40.4		124.4
Total revenues	$	914.0	$	345.8	$	1,259.8
	Three Months Ended September 30, 2022
(in millions)	CCM		CWT		Total
United States	$	1,005.4	$	362.2	$	1,367.6
International:
Europe	64.2		4.4		68.6
North America (excluding U.S.)	14.9		34.6		49.5
Asia and Middle East	3.3		3.2		6.5
Africa	0.2		0.9		1.1
Other	2.3		1.4		3.7
Total international	84.9		44.5		129.4
Total revenues	$	1,090.3	$	406.7	$	1,497.0

	Nine Months Ended September 30, 2023
(in millions)	CCM		CWT		Total
United States	$	2,194.4	$	903.5	$	3,097.9
International:
Europe	156.9		14.3		171.2
North America (excluding U.S.)	67.3		87.3		154.6
Asia and Middle East	13.1		7.1		20.2
Africa	0.9		4.5		5.4
Other	4.9		5.2		10.1
Total international	243.1		118.4		361.5
Total revenues	$	2,437.5	$	1,021.9	$	3,459.4
	Nine Months Ended September 30, 2022
(in millions)	CCM		CWT		Total
United States	$	2,802.3	$	1,084.5	$	3,886.8
International:
Europe	186.9		14.9		201.8
North America (excluding U.S.)	75.1		98.7		173.8
Asia and Middle East	11.0		8.0		19.0
Africa	1.4		3.6		5.0
Other	8.1		5.0		13.1
Total international	282.5		130.2		412.7
Total revenues	$	3,084.8	$	1,214.7	$	4,299.5