Contract Assets and Contract Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Schedule of Change in Carrying Amount of Contract Assets and Contract Liabilities

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 millions	2020		2019
Balance at beginning of year	$	623.4	$	345.6
Acquisitions	4.1		238.7
Recognized in current year	293.0		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 millions	2020		2019
Balance at beginning of year	$	799.7	$	444.8
Acquisitions	6.9		274.1
Recognized in current year	290.2		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