Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Notes)

v3.19.3.a.u2
Revenue Recognition (Notes)
 12 Months Ended
Dec. 31, 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:
 
Year Ended December 31, 2019
 
Year Ended December 31, 2018
(in millions)
Marine Engine
 
Boat
 
Total
 
Marine Engine
 
Boat
 
Total
Geographic Markets
 
 
 
 
 
 
 
 
 
 
 
United States
$
2,131.1

 
$
1,008.5

 
$
3,139.6

 
$
2,106.6

 
$
1,119.9

 
$
3,226.5

Europe
410.9

 
115.6

 
526.5

 
373.7

 
132.9

 
506.6

Asia-Pacific
246.6

 
31.2

 
277.8

 
228.8

 
35.7

 
264.5

Canada
142.8

 
154.8

 
297.6

 
150.5

 
157.5

 
308.0

Rest-of-World
142.1

 
23.7

 
165.8

 
134.0

 
25.3

 
159.3

Marine eliminations
(298.9
)
 
—

 
(298.9
)
 
(344.0
)
 
—

 
(344.0
)
Total
$
2,774.6

 
$
1,333.8

 
$
4,108.4

 
$
2,649.6

 
$
1,471.3

 
$
4,120.9

 
 
 
 
 
 
 
 
 
 
 
 
Major Product Lines
 
 
 
 
 
 
 
 
 
 
 
Parts & Accessories
$
1,594.2

 
$
—

 
$
1,594.2

 
$
1,442.0

 
$
—

 
$
1,442.0

Propulsion
1,479.3

 
—

 
1,479.3

 
1,551.6

 
—

 
1,551.6

Aluminum Freshwater Boats
—

 
556.6

 
556.6

 
—

 
619.0

 
619.0

Recreational Fiberglass Boats
—

 
438.8

 
438.8

 
—

 
485.9

 
485.9

Saltwater Fishing Boats
—

 
316.6

 
316.6

 
—

 
362.1

 
362.1

Business Acceleration
—

 
21.8

 
21.8

 
—

 
4.3

 
4.3

Marine eliminations
(298.9
)
 
—

 
(298.9
)
 
(344.0
)
 
—

 
(344.0
)
Total
$
2,774.6

 
$
1,333.8

 
$
4,108.4

 
$
2,649.6

 
$
1,471.3

 
$
4,120.9



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 with $21.7 million of this amount recognized as revenue during year ended December 31, 2019. As of December 31, 2019, total contract liabilities were $96.2 million. The total amount of the transaction
price allocated to unsatisfied performance obligations as of December 31, 2019 is $88.8 million for contracts greater than one year, which includes extended warranties. The Company expects to recognize approximately $26.3 million of this amount in 2020 and $62.5 million thereafter. Contract assets as of January 1, 2019 and December 31, 2019 were not material. In addition, costs to obtain and fulfill contracts during the period were not material.