Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2023

Disaggregation of Revenue [Line Items]

Summary of Disaggregation of Revenue

A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:

	2023
(in millions)	CCM		CWT		Total
United States	$	2,949.3	$	1,180.8	$	4,130.1
International:
Europe	192.7		19.1		211.8
North America (excluding U.S.)	85.4		112.6		198.0
Asia and Middle East	17.4		8.8		26.2
Africa	1.6		5.5		7.1
Other	7.0		6.7		13.7
Total international	304.1		152.7		456.8
Total revenues	$	3,253.4	$	1,333.5	$	4,586.9

	2022
(in millions)	CCM		CWT		Total
United States	$	3,526.2	$	1,397.8	$	4,924.0
International:
Europe	233.8		18.8		252.6
North America (excluding U.S.)	98.0		127.8		225.8
Asia and Middle East	15.1		9.0		24.1
Africa	1.6		4.3		5.9
Other	10.5		6.5		17.0
Total international	359.0		166.4		525.4
Total revenues	$	3,885.2	$	1,564.2	$	5,449.4

	2021
(in millions)	CCM		CWT		Total
United States	$	2,525.2	$	888.1	$	3,413.3
International:
Europe	225.5		18.4		243.9
North America (excluding U.S.)	72.3		64.2		136.5
Asia and Middle East	15.9		9.6		25.5
Africa	1.7		5.4		7.1
Other	5.6		4.8		10.4
Total international	321.0		102.4		423.4
Total revenues	$	2,846.2	$	990.5	$	3,836.7

Summary of Remaining Performance Obligations

Remaining performance obligations for extended service warranties represent the transaction price for the remaining stand-ready obligation to perform warranty services. A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of December 31, 2023 follows:

(in millions)	2024		2025		2026		2027		2028		Thereafter
Extended service warranties	$	26.8	$	25.9	$	24.9	$	23.9	$	22.8	$	199.7

Summary of Contract Balances

Contract liabilities relate to payments received in advance of performance under a contract, primarily related to extended service warranties in the CCM and CWT segments. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. A summary of the change in contract liabilities follows:

(in millions)	2023		2022		2021
Balance as of January 1	$	294.8	$	273.3	$	258.4
Revenue recognized	(26.9)		(25.6)		(24.6)
Revenue deferred	56.1		47.1		36.9
Acquired liabilities	—		—		2.6
Balance as of December 31	$	324.0	$	294.8	$	273.3

Revenues by End Market

Disaggregation of Revenue [Line Items]

Summary of Disaggregation of Revenue

A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows:

	2023
(in millions)	CCM		CWT		Total
General construction:
Non-residential	$	2,986.0	$	543.9	$	3,529.9
Residential	267.4		667.8		935.2
Total construction	3,253.4		1,211.7		4,465.1
Heavy equipment	—		104.3		104.3
General industrial and other	—		17.5		17.5
Total revenues	$	3,253.4	$	1,333.5	$	4,586.9

	2022
(in millions)	CCM		CWT		Total
General construction:
Non-residential	$	3,583.8	$	613.7	$	4,197.5
Residential	301.4		762.2		1,063.6
Total construction	3,885.2		1,375.9		5,261.1
Heavy equipment	—		105.9		105.9
General industrial and other	—		82.4		82.4
Total revenues	$	3,885.2	$	1,564.2	$	5,449.4

	2021
(in millions)	CCM		CWT		Total
General construction:
Non-residential	$	2,608.6	$	383.0	$	2,991.6
Residential	237.6		425.9		663.5
Total construction	2,846.2		808.9		3,655.1
Heavy equipment	—		100.1		100.1
General industrial and other	—		81.5		81.5
Total revenues	$	2,846.2	$	990.5	$	3,836.7

Products Transferred at a Point in Time or Over Time

Disaggregation of Revenue [Line Items]

Summary of Disaggregation of Revenue

A summary of the timing of revenue recognition and reconciliation of disaggregated revenue by reportable segment follows:

	2023
(in millions)	CCM		CWT		Total
Products transferred at a point in time	$	3,226.9	$	1,333.1	$	4,560.0
Services transferred over time	26.5		0.4		26.9
Total revenues	$	3,253.4	$	1,333.5	$	4,586.9

	2022
(in millions)	CCM		CWT		Total
Products transferred at a point in time	$	3,859.9	$	1,563.9	$	5,423.8
Services transferred over time	25.3		0.3		25.6
Total revenues	$	3,885.2	$	1,564.2	$	5,449.4

	2021
(in millions)	CCM		CWT		Total
Products transferred at a point in time	$	2,821.7	$	990.4	$	3,812.1
Services transferred over time	24.5		0.1		24.6
Total revenues	$	2,846.2	$	990.5	$	3,836.7