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Revenue (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following tables illustrate the disaggregation of revenue by geographic area, groups of similar products and services and sales channels for the years ended December 31:
Net sales by geographic area
202220212020
Americas$705.9 $658.3 $631.0 
Europe, Middle East and Africa (EMEA)301.6 331.9 278.2 
Asia Pacific (APAC)84.7 100.6 91.8 
Total$1,092.2 $1,090.8 $1,001.0 
Net sales are attributed to each geographic area based on the end user country and are net of intercompany sales.
Net sales by groups of similar products and services
202220212020
Equipment$664.0 $679.9 $629.7 
Parts and consumables263.1 249.3 205.8 
Specialty surface coatings(a)
— 1.5 22.7 
Service and other165.1 160.1 142.8 
Total$1,092.2 $1,090.8 $1,001.0 
(a)On February 1, 2021, we sold our Coatings business. Further details regarding the sale are discussed in Note 5.
Net sales by sales channel
202220212020
Sales direct to consumer$712.6 $692.4 $664.9 
Sales to distributors379.6 398.4 336.1 
Total$1,092.2 $1,090.8 $1,001.0 
Schedule of Change in Sales Incentive Accrual Balance and Deferred Revenue Balance
The change in our sales incentive accrual balance for the years ended December 31, 2022 and 2021 was as follows:
20222021
Beginning balance$19.9 $12.1 
Additions to sales incentive accrual22.5 38.0 
Contract payments(21.8)(30.0)
Foreign currency fluctuations(0.6)(0.2)
Ending balance$20.0 $19.9 
The change in the deferred revenue balance for the years ended December 31, 2022 and 2021 was as follows:
20222021
Beginning balance$11.2 $9.3 
Increase in deferred revenue representing our obligation to satisfy future performance obligations24.2 34.5 
Decrease in deferred revenue for amounts recognized in net sales for satisfied performance obligations(25.5)(32.5)
Foreign currency fluctuations(0.6)(0.1)
Ending balance$9.3 $11.2 
Schedule of Recognition of Net Sales in Future Periods Of this, we expect to recognize the following approximate amounts in net sales in the following periods:
2023$6.6 
20241.7 
20250.7 
20260.2 
20270.1 
Thereafter— 
Total$9.3