Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2024

Revenue Recognition [Abstract]

Disaggregation of Revenue

The following tables disaggregate the Company's revenue by major product type and geography (in millions):

	Three months ended June 30, 2024
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	1,135.1	$	238.8	$	133.9	$	1,507.8
PG&A	398.7		54.5		0.2		453.4
Total revenue	$	1,533.8	$	293.3	$	134.1	$	1,961.2
Revenue by geography
United States	$	1,285.9	$	144.4	$	130.4	$	1,560.7
Canada	99.3		14.0		3.1		116.4
EMEA	84.3		120.8		0.1		205.2
APLA	64.3		14.1		0.5		78.9
Total revenue	$	1,533.8	$	293.3	$	134.1	$	1,961.2
	Three months ended June 30, 2023
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	1,270.0	$	300.9	$	223.6	$	1,794.5
PG&A	361.4		60.7		—		422.1
Total revenue	$	1,631.4	$	361.6	$	223.6	$	2,216.6
Revenue by geography
United States	$	1,343.2	$	186.9	$	215.7	$	1,745.8
Canada	115.0		15.9		6.6		137.5
EMEA	88.5		137.0		0.6		226.1
APLA	84.7		21.8		0.7		107.2
Total revenue	$	1,631.4	$	361.6	$	223.6	$	2,216.6

	Six months ended June 30, 2024
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	2,111.4	$	464.3	$	257.4	$	2,833.1
PG&A	758.1		106.2		0.2		864.5
Total revenue	$	2,869.5	$	570.5	$	257.6	$	3,697.6
Revenue by geography
United States	$	2,377.2	$	276.2	$	250.1	$	2,903.5
Canada	185.3		26.8		5.7		217.8
EMEA	178.7		243.4		0.3		422.4
APLA	128.3		24.1		1.5		153.9
Total revenue	$	2,869.5	$	570.5	$	257.6	$	3,697.6
	Six months ended June 30, 2023
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	2,520.4	$	568.1	$	488.0	$	3,576.5
PG&A	702.8		117.0		—		819.8
Total revenue	$	3,223.2	$	685.1	$	488.0	$	4,396.3
Revenue by geography
United States	$	2,623.0	$	344.5	$	472.9	$	3,440.4
Canada	243.4		28.3		13.4		285.1
EMEA	206.2		271.9		0.6		478.7
APLA	150.6		40.4		1.1		192.1
Total revenue	$	3,223.2	$	685.1	$	488.0	$	4,396.3

Deferred Revenue, by Arrangement, Disclosure

The activity in the deferred revenue reserve for ESCs during the periods presented was as follows (in millions):

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Balance at beginning of period	$	112.3	$	111.5	$	110.3	$	111.1
New contracts sold	11.1		11.6		25.3		25.3
Revenue recognized on existing contracts	(15.8)		(14.4)		(28.0)		(27.7)
Balance at end of period	$	107.6	$	108.7	$	107.6	$	108.7

The Company expects to recognize approximately $34.4 million of the unearned amount over the 12 months following June 30, 2024, compared to $34.8 million as of June 30, 2023. These amounts were recorded in accrued expenses in the consolidated balance sheets. The amount recorded in other long-term liabilities totaled $73.2 million and $73.9 million as of June 30, 2024 and 2023, respectively.