XML 53 R37.htm IDEA: XBRL DOCUMENT v3.25.4
Revenue (Tables)
12 Months Ended
Dec. 31, 2025
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
202520242023
Americas$792.0 $888.5 $840.3 
Europe, Middle East and Africa (EMEA)334.6 318.5 314.4 
Asia Pacific (APAC)76.9 79.7 88.9 
Total$1,203.5 $1,286.7 $1,243.6 
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
202520242023
Equipment$714.7 $808.7 $776.4 
Parts and consumables275.6 274.3 279.5 
Service and other213.2 203.7 187.7 
Total$1,203.5 $1,286.7 $1,243.6 
Net sales by sales channel
202520242023
Sales direct to consumer$831.5 $905.7 $854.4 
Sales to distributors372.0 381.0 389.2 
Total$1,203.5 $1,286.7 $1,243.6 
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, 2025 and 2024 was as follows:
20252024
Beginning balance$16.1 $21.2 
Additions to sales incentive accrual20.3 22.4 
Contract payments(22.4)(27.2)
Foreign currency fluctuations0.8 (0.3)
Ending balance$14.8 $16.1 
The change in the deferred revenue balance for the years ended December 31, 2025 and 2024 was as follows:
20252024
Beginning balance$20.6 $10.3 
Increase in deferred revenue representing our obligation to satisfy future performance obligations31.9 31.7 
Decrease in deferred revenue for amounts recognized in net sales for satisfied performance obligations(20.8)(20.8)
Foreign currency fluctuations0.7 (0.6)
Ending balance$32.4 $20.6 
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:
2026$16.7 
20277.0 
20284.6 
20293.1 
20301.0 
Thereafter— 
Total$32.4