Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024, follows:

(in millions)	Remainder of 2024		2025		2026		2027		2028		2029		Thereafter
Extended service warranties	$	20.6	$	26.6	$	25.6	$	24.5	$	23.5	$	22.5	$	186.0

Summary of Change in Contract Liabilities

A summary of the change in contract liabilities for the three months ended March 31, follows:

(in millions)	2024		2023
Balance as of January 1	$	324.0	$	294.8
Revenue recognized	(6.9)		(6.5)
Revenue deferred	12.2		12.3
Balance as of March 31	$	329.3	$	300.6

Summary of Reconciliation of Disaggregated Revenue

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

	Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total
General construction:
Non-residential	$	718.8	$	134.8	$	853.6
Residential	64.8		145.0		209.8
Total construction	783.6		279.8		1,063.4
Heavy equipment	—		28.2		28.2
General industrial and other	—		4.9		4.9
Total revenues	$	783.6	$	312.9	$	1,096.5
	Three Months Ended March 31, 2023
(in millions)	CCM		CWT		Total
General construction:
Non-residential	$	523.4	$	127.1	$	650.5
Residential	52.6		160.5		213.1
Total construction	576.0		287.6		863.6
Heavy equipment	—		26.1		26.1
General industrial and other	—		2.9		2.9
Total revenues	$	576.0	$	316.6	$	892.6

Revenues by Geographic Area

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

	Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total
United States	$	703.8	$	278.7	$	982.5
International:
Europe	56.0		5.3		61.3
North America (excluding U.S.)	17.9		24.8		42.7
Asia and Middle East	4.0		2.0		6.0
Africa	—		0.6		0.6
Other	1.9		1.5		3.4
Total international	79.8		34.2		114.0
Total revenues	$	783.6	$	312.9	$	1,096.5
	Three Months Ended March 31, 2023
(in millions)	CCM		CWT		Total
United States	$	495.8	$	282.3	$	778.1
International:
Europe	55.2		5.2		60.4
North America (excluding U.S.)	17.9		24.3		42.2
Asia and Middle East	3.8		2.4		6.2
Africa	0.5		0.8		1.3
Other	2.8		1.6		4.4
Total international	80.2		34.3		114.5
Total revenues	$	576.0	$	316.6	$	892.6