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Revenue (Notes)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
Contract Liabilities

    Contract liabilities relate to the following: (1) unrecognized revenues where advance payment of consideration precedes the Company’s performance with respect to extended warranty and maintenance contracts and where the performance obligation is satisfied over time, (2) unrecognized revenues where advance payment of consideration precedes the Company’s performance with respect to certain grain storage and protein production systems and where the performance obligation is satisfied over time and (3) unrecognized revenues where advance payment of consideration precedes the Company’s performance with respect to technology services and where the performance obligation is satisfied over time.

    Significant changes in the balance of contract liabilities for the three and nine months ended September 30, 2020 and 2019 were as follows (in millions):
Three Months Ended September 30,
20202019
Balance at beginning of period$118.7 $88.0 
Advance consideration received57.6 45.2 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(11.5)(8.7)
Revenue recognized during the period related to grain storage and protein production systems(24.6)(32.0)
Foreign currency translation4.7 (2.2)
Balance at September 30$144.9 $90.3 
Nine Months Ended September 30,
20202019
Balance at beginning of period$104.0 $76.8 
Advance consideration received127.2 108.9 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(33.6)(22.7)
Revenue recognized during the period related to grain storage and protein production systems(53.6)(70.6)
Foreign currency translation0.9 (2.1)
Balance at September 30$144.9 $90.3 

    The contract liabilities are classified as either “Accrued expenses” or “Other current liabilities” and “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets.

Remaining Performance Obligations

    The estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 30, 2020 are $13.1 million for the remainder of 2020, $45.8 million in 2021, $34.5 million in 2022, $18.3 million in 2023 and $10.2 million thereafter, and relate primarily to extended warranty contracts. The Company applied the practical expedient in ASU 2014-09 and has not disclosed information about remaining performance obligations that have original expected durations of 12 months or less.
Disaggregated Revenue

    Net sales for the three months ended September 30, 2020 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North AmericaSouth AmericaEurope/Middle EastAsia/Pacific/AfricaConsolidated
Primary geographical markets:
United States$468.3 $— $— $— $468.3 
Canada93.8 — — — 93.8 
South America— 271.6 — — 271.6 
Germany— — 387.0 — 387.0 
France— — 261.8 — 261.8 
United Kingdom and Ireland— — 131.3 — 131.3 
Finland and Scandinavia— — 189.3 — 189.3 
Other Europe— — 397.5 — 397.5 
Middle East and Algeria— — 39.0 — 39.0 
Africa— — — 15.8 15.8 
Asia— — — 109.9 109.9 
Australia and New Zealand— — — 109.8 109.8 
Mexico, Central America and Caribbean20.1 2.3 — — 22.4 
$582.2 $273.9 $1,405.9 $235.5 $2,497.5 
Major products:
Tractors$198.4 $154.3 $1,033.5 $82.5 $1,468.7 
Replacement parts94.8 22.8 249.6 23.6 390.8 
Grain storage and protein production systems152.0 16.7 29.3 67.3 265.3 
Combines, application equipment and other machinery137.0 80.1 93.5 62.1 372.7 
$582.2 $273.9 $1,405.9 $235.5 $2,497.5 
    Net sales for the three months ended September 30, 2019 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North America(1)
South AmericaEurope/Middle East
Asia/Pacific/Africa(1)
Consolidated
Primary geographical markets:
United States$431.7 $— $— $— $431.7 
Canada79.8 — — — 79.8 
South America— 236.3 — — 236.3 
Germany— — 255.4 — 255.4 
France— — 237.8 — 237.8 
United Kingdom and Ireland— — 115.3 — 115.3 
Finland and Scandinavia— — 176.5 — 176.5 
Other Europe— — 343.8 — 343.8 
Middle East and Algeria— — 16.9 — 16.9 
Africa— — — 26.7 26.7 
Asia— — — 79.4 79.4 
Australia and New Zealand— — — 82.1 82.1 
Mexico, Central America and Caribbean24.6 3.1 — — 27.7 
$536.2 $239.4 $1,145.7 $188.1 $2,109.4 
Major products:
Tractors$166.1 $135.2 $772.0 $70.2 $1,143.5 
Replacement parts87.2 22.1 233.6 19.7 362.6 
Grain storage and protein production systems165.6 19.0 39.3 58.7 282.6 
Combines, application equipment and other machinery117.2 63.1 100.8 39.6 320.7 
$536.2 $239.4 $1,145.7 $188.1 $2,109.4 
(1) Rounding may impact the summation of amounts.
    Net sales for the nine months ended September 30, 2020 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North AmericaSouth America
Europe/Middle East(1)
Asia/Pacific/Africa(1)
Consolidated
Primary geographical markets:
United States$1,387.8 $— $— $— $1,387.8 
Canada238.2 — — — 238.2 
South America— 600.8 — — 600.8 
Germany— — 981.4 — 981.4 
France— — 697.5 — 697.5 
United Kingdom and Ireland— — 354.9 — 354.9 
Finland and Scandinavia— — 466.2 — 466.2 
Other Europe— — 1,047.1 — 1,047.1 
Middle East and Algeria— — 97.1 — 97.1 
Africa— — — 31.8 31.8 
Asia— — — 243.8 243.8 
Australia and New Zealand— — — 216.6 216.6 
Mexico, Central America and Caribbean63.9 5.5 — — 69.4 
$1,689.9 $606.3 $3,644.2 $492.2 $6,432.6 
Major products:
Tractors$515.4 $331.2 $2,486.0 $189.9 $3,522.5 
Replacement parts272.8 59.6 707.6 60.2 1,100.2 
Grain storage and protein production systems391.6 55.5 90.1 144.7 681.9 
Combines, application equipment and other machinery510.1 160.0 360.4 97.5 1,128.0 
$1,689.9 $606.3 $3,644.2 $492.2 $6,432.6 
(1) Rounding may impact the summation of amounts.
    Net sales for the nine months ended September 30, 2019 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North AmericaSouth AmericaEurope/Middle East
Asia/Pacific/Africa(1)
Consolidated(1)
Primary geographical markets:
United States$1,344.5 $— $— $— $1,344.5 
Canada232.9 — — — 232.9 
South America— 571.3 — — 571.3 
Germany— — 916.3 — 916.3 
France— — 743.4 — 743.4 
United Kingdom and Ireland— — 405.5 — 405.5 
Finland and Scandinavia— — 545.1 — 545.1 
Other Europe— — 1,151.3 — 1,151.3 
Middle East and Algeria— — 51.9 — 51.9 
Africa— — — 76.7 76.7 
Asia— — — 216.2 216.2 
Australia and New Zealand— — — 188.9 188.9 
Mexico, Central America and Caribbean73.9 10.0 — — 83.9 
$1,651.3 $581.3 $3,813.5 $481.7 $6,527.8 
Major products:
Tractors$493.7 $325.8 $2,595.8 $197.2 $3,612.5 
Replacement parts247.4 65.4 681.9 53.6 1,048.3 
Grain storage and protein production systems435.8 56.4 143.4 157.0 792.6 
Combines, application equipment and other machinery474.4 133.7 392.4 73.9 1,074.4 
$1,651.3 $581.3 $3,813.5 $481.7 $6,527.8 
(1) Rounding may impact the summation of amounts.