Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2024

Revenue Recognition [Abstract]

Disaggregation of revenue

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

	For the Year Ended December 31, 2024
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	4,183.8	$	804.7	$	480.5	$	5,469.0
PG&A	1,522.9		183.1		0.4		1,706.4
Total revenue	$	5,706.7	$	987.8	$	480.9	$	7,175.4
Revenue by geography
United States	$	4,709.8	$	452.5	$	466.7	$	5,629.0
Canada	396.2		38.9		11.1		446.2
EMEA	355.2		447.4		0.3		802.9
APLA	245.5		49.0		2.8		297.3
Total revenue	$	5,706.7	$	987.8	$	480.9	$	7,175.4

Schedule of activity in the warranty reserve

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

	For the Years Ended December 31,
	2024		2023		2022
Balance at beginning of year	$	110.3	$	111.1	$	108.3
New contracts sold	50.0		49.1		49.1
Revenue recognized on existing contracts	(49.0)		(49.9)		(46.3)
Balance at end of year	$	111.3	$	110.3	$	111.1

The Company expects to recognize approximately $35.6 million of the unearned amount over the 12 months following December 31, 2024, compared to $35.3 million as of December 31, 2023. These amounts were recorded in accrued expenses in the consolidated balance sheets. The amount recorded in other long-term liabilities totaled $75.7 million and $75.0 million as of December 31, 2024 and 2023, respectively.