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Contract Assets and Contract Liabilities
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Contract Assets and Contract Liabilities CONTRACT ASSETS AND CONTRACT LIABILITIES
Contract assets include unbilled amounts resulting from sales under long-term contracts where revenue is recognized over time and revenue exceeds the amount that can be billed to the customer based on the terms of the contract. Contract liabilities include customer deposits that are made prior to the incurrence of costs related to a newly agreed upon contract, advanced customer payments that are in excess of revenue recognized, and provisions for estimated losses from uncompleted contracts.
The change in the carrying amount of contract assets and contract liabilities for the three months ended March 31, 2020, and 2019 is as follows:
Contract Assets
In millions20202019
Balance at beginning of year$623.4  $345.6  
Acquisitions4.1  238.7  
Recognized in current year293.0  188.3  
Reclassified to accounts receivable(282.9) (197.0) 
Foreign currency impact(8.3) (0.8) 
Balance at March 31$629.3  $574.8  
Contract Liabilities
In millions20202019
Balance at beginning of year$799.7  $444.8  
Acquisitions6.9  274.1  
Recognized in current year290.2  205.3  
Amounts in beginning balance reclassified to revenue(317.6) (204.4) 
Current year amounts reclassified to revenue(11.8) (6.4) 
Foreign currency impact(6.2) (0.4) 
Balance at March 31$761.2  $713.0