Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Notes)

v3.19.3
Revenue Recognition (Notes)
9 Months Ended
Sep. 28, 2019
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue Recognition

The following table presents the Company's revenue into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors:
 
Three Months Ended
 
September 28, 2019
(in millions)
Marine Engine
 
Boat
 
Total
Geographic Markets
 
 
 
 
 
United States
$
541.9

 
$
216.6

 
$
758.5

Europe
89.2

 
20.8

 
110.0

Asia-Pacific
61.5

 
9.6

 
71.1

Canada
44.7

 
24.9

 
69.6

Rest-of-World
32.9

 
5.2

 
38.1

Marine eliminations
(70.7
)
 

 
(70.7
)
Total
$
699.5

 
$
277.1

 
$
976.6

 
 
 
 
 
 
Major Product Lines
 
 
 
 
 
Parts & Accessories
$
431.0

 
$

 
$
431.0

Propulsion
339.2

 

 
339.2

Aluminum Freshwater Boats

 
105.2

 
105.2

Recreational Fiberglass Boats

 
97.0

 
97.0

Saltwater Fishing Boats

 
66.9

 
66.9

  Business Acceleration

 
8.0

 
8.0

Marine eliminations
(70.7
)
 

 
(70.7
)
Total
$
699.5

 
$
277.1

 
$
976.6


 
Nine Months Ended
 
September 28, 2019
(in millions)
Marine Engine
 
Boat
 
Total
Geographic Markets
 
 
 
 
 
United States
$
1,676.8

 
$
761.7

 
$
2,438.5

Europe
334.1

 
92.1

 
426.2

Asia-Pacific
175.0

 
21.4

 
196.4

Canada
115.5

 
122.3

 
237.8

Rest-of-World
106.3

 
19.5

 
125.8

Marine eliminations
(233.9
)
 

 
(233.9
)
Total
$
2,173.8

 
$
1,017.0

 
$
3,190.8

 
 
 
 
 
 
Major Product Lines
 
 
 
 
 
Parts & Accessories
$
1,263.6

 
$

 
$
1,263.6

Propulsion
1,144.1

 

 
1,144.1

Aluminum Freshwater Boats

 
432.2

 
432.2

Recreational Fiberglass Boats

 
331.5

 
331.5

Saltwater Fishing Boats

 
239.7

 
239.7

  Business Acceleration

 
13.6

 
13.6

Marine eliminations
(233.9
)
 

 
(233.9
)
Total
$
2,173.8

 
$
1,017.0

 
$
3,190.8



 
Three Months Ended
 
September 29, 2018
(in millions)
Marine Engine
 
Boat
 
Total
Geographic Markets
 
 
 
 
 
United States
$
573.8

 
$
264.2

 
$
838.0

Europe
87.1

 
22.4

 
109.5

Asia-Pacific
60.7

 
9.1

 
69.8

Canada
51.3

 
19.7

 
71.0

Rest-of-World
29.8

 
7.2

 
37.0

Marine eliminations
(81.2
)
 

 
(81.2
)
Total
$
721.5

 
$
322.6

 
$
1,044.1

 
 
 
 
 
 
Major Product Lines
 
 
 
 
 
Parts & Accessories
$
408.1

 
$

 
$
408.1

Propulsion
394.6

 

 
394.6

Aluminum Freshwater Boats

 
130.3

 
130.3

Recreational Fiberglass Boats

 
104.3

 
104.3

Saltwater Fishing Boats

 
86.8

 
86.8

  Business Acceleration

 
1.2

 
1.2

Marine eliminations
(81.2
)
 

 
(81.2
)
Total
$
721.5

 
$
322.6

 
$
1,044.1

 
Nine Months Ended
 
September 29, 2018
(in millions)
Marine Engine
 
Boat
 
Total
Geographic Markets
 
 
 
 
 
United States
$
1,644.7

 
$
818.8

 
$
2,463.5

Europe
298.1

 
107.5

 
405.6

Asia-Pacific
161.6

 
23.0

 
184.6

Canada
119.6

 
124.6

 
244.2

Rest-of-World
100.1

 
20.1

 
120.2

Marine eliminations
(258.3
)
 

 
(258.3
)
Total
$
2,065.8

 
$
1,094.0

 
$
3,159.8

 
 
 
 
 
 
Major Product Lines
 
 
 
 
 
Parts & Accessories
$
1,124.2

 
$

 
$
1,124.2

Propulsion
1,199.9

 

 
1,199.9

Aluminum Freshwater Boats

 
461.6

 
461.6

Recreational Fiberglass Boats

 
372.5

 
372.5

Saltwater Fishing Boats

 
256.5

 
256.5

  Business Acceleration

 
3.4

 
3.4

Marine eliminations
(258.3
)
 

 
(258.3
)
Total
$
2,065.8

 
$
1,094.0

 
$
3,159.8


As of January 1, 2019, $74.8 million of contract liabilities associated with extended warranties and customer deposits were reported in Accrued expenses and Other Long-term liabilities and $4.4 million and $17.5 million of this amount was recognized as revenue during the three and nine months ended September 28, 2019, respectively. As of September 28, 2019, total contract liabilities were $98.1 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of September 28, 2019 was $90.8 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize approximately $8.8 million of this amount in 2019, $23.6 million in 2020, and $58.4 million thereafter.