Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2018

Revenue Recognition

Schedule of disaggregation of revenue

	For the three months ended September 30, 2018								For the nine months ended September 30, 2018
			(in millions)								(in millions)
	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Distribution Channel
Wholesale	$	146.7	$	73.5	$	14.8	$	235.0	$	433.9	$	234.7	$	44.4	$	713.0
OEM		19.4		37.5		0.3		57.2		58.6		114.9		1.1		174.6
Specialty		82.7		—		1.5		84.2		236.4		—		4.3		240.7
DIY		13.9		0.6		—		14.5		46.9		2.1		—		49.0
Total	$	262.7	$	111.6	$	16.6	$	390.9	$	775.8	$	351.7	$	49.8	$	1,177.3
	For the three months ended September 30, 2018								For the nine months ended September 30, 2018
			(in millions)								(in millions)
Principal Product Line	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Residential & Commercial Flow Control	$	144.4	$	40.2	$	11.2	$	195.8	$	435.3	$	132.2	$	33.8	$	601.3
HVAC and Gas Products		77.1		49.4		4.3		130.8		220.2		152.7		13.6		386.5
Drainage and Water Re-use Products		19.8		21.7		0.7		42.2		55.2		65.9		1.4		122.5
Water Quality Products		21.4		0.3		0.4		22.1		65.1		0.9		1.0		67.0
Total	$	262.7	$	111.6	$	16.6	$	390.9	$	775.8	$	351.7	$	49.8	$	1,177.3

Schedule of contract assets and contract liabilities

	Contract		Contract		Contract
	Assets		Liabilities - Current		Liabilities - Noncurrent
			(in millions)
Balance - January 1, 2018	$	0.6	$	11.3	$	2.1
Change in period		1.1		0.2		0.3
Balance - April 1, 2018	$	1.7	$	11.5	$	2.4
Change in period		(0.3)		0.1		0.3
Balance - July 1, 2018	$	1.4	$	11.6	$	2.7
Change in period		0.4		(0.4)		—
Balance - September 30, 2018	$	1.8	$	11.2	$	2.7