Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Notes)

v3.21.2
Revenue Recognition (Notes)
 9 Months Ended
Oct. 02, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue Recognition
The following table presents the Company's revenue in categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors:
Three Months Ended
October 2, 2021 September 26, 2020
(in millions) Propulsion Parts & Accessories Boat Total Propulsion Parts & Accessories Boat Total
Geographic Markets
United States $ 433.9  $ 351.8  $ 306.9  $ 1,092.6  $ 355.2  $ 336.7  $ 264.3  $ 956.2 
Europe 78.1  57.9  33.7  169.7  56.0  51.2  25.5  132.7 
Asia-Pacific 51.8  35.5  6.6  93.9  67.9  31.4  7.4  106.7 
Canada 26.2  35.3  49.0  110.5  19.7  30.2  22.9  72.8 
Rest-of-World 36.9  13.5  5.3  55.7  27.7  10.4  8.0  46.1 
Segment Eliminations (86.8) (8.4) —  (95.2) (73.4) (8.0) —  (81.4)
Total $ 540.1  $ 485.6  $ 401.5  $ 1,427.2  $ 453.1  $ 451.9  $ 328.1  $ 1,233.1 
Nine Months Ended
October 2, 2021 September 26, 2020
(in millions) Propulsion Parts & Accessories Boat Total Propulsion Parts & Accessories Boat Total
Geographic Markets
United States $ 1,259.6  $ 1,055.8  $ 933.6  $ 3,249.0  $ 871.0  $ 841.4  $ 663.0  $ 2,375.4 
Europe 306.8  191.3  127.8  625.9  195.4  135.9  95.9  427.2 
Asia-Pacific 184.1  117.9  20.6  322.6  183.7  80.7  16.2  280.6 
Canada 75.5  94.9  164.2  334.6  47.2  63.4  78.4  189.0 
Rest-of-World 108.2  42.6  23.9  174.7  73.2  26.6  16.0  115.8 
Segment Eliminations (267.3) (24.3) —  (291.6) (182.3) (19.3) —  (201.6)
Total $ 1,666.9  $ 1,478.2  $ 1,270.1  $ 4,415.2  $ 1,188.2  $ 1,128.7  $ 869.5  $ 3,186.4 
Three Months Ended
October 2, 2021 September 26, 2020
(in millions) Propulsion Parts & Accessories Boat Total Propulsion Parts & Accessories Boat Total
Major Product Lines
Outboard Engines $ 486.3  $ —  $ —  $ 486.3  $ 410.3  $ —  $ —  $ 410.3 
Controls, Rigging, and Propellers 87.8  —  —  87.8  76.9  —  —  76.9 
Sterndrive Engines 52.8  —  —  52.8  39.3  —  —  39.3 
Distribution Parts and Accessories —  215.7  —  215.7  —  205.0  —  205.0 
Advanced Systems Group —  128.8  —  128.8  —  113.1  —  113.1 
Engine Parts and Accessories —  149.5  —  149.5  —  141.8  —  141.8 
Aluminum Freshwater Boats —  —  167.5  167.5  —  —  124.5  124.5 
Recreational Fiberglass Boats —  —  135.9  135.9  —  —  111.0  111.0 
Saltwater Fishing Boats —  —  86.4  86.4  —  —  82.6  82.6 
Business Acceleration —  —  15.6  15.6  —  —  11.2  11.2 
Boat Eliminations/Other —  —  (3.9) (3.9) —  —  (1.2) (1.2)
Segment Eliminations (86.8) (8.4) —  (95.2) (73.4) (8.0) —  (81.4)
Total $ 540.1  $ 485.6  $ 401.5  $ 1,427.2  $ 453.1  $ 451.9  $ 328.1  $ 1,233.1 
Nine Months Ended
October 2, 2021 September 26, 2020
(in millions) Propulsion Parts & Accessories Boat Total Propulsion Parts & Accessories Boat Total
Major Product Lines
Outboard Engines $ 1,485.0  $ —  $ —  $ 1,485.0  $ 1,078.4  $ —  $ —  $ 1,078.4 
Controls, Rigging, and Propellers 278.8  —  —  278.8  187.6  —  —  187.6 
Sterndrive Engines 170.4  —  —  170.4  104.5  —  —  104.5 
Distribution Parts and Accessories —  671.5  —  671.5  —  517.0  —  517.0 
Advanced Systems Group —  401.9  —  401.9  —  303.0  —  303.0 
Engine Parts and Accessories —  429.1  —  429.1  —  328.0  —  328.0 
Aluminum Freshwater Boats —  —  535.4  535.4  —  —  339.2  339.2 
Recreational Fiberglass Boats —  —  425.5  425.5  —  —  302.4  302.4 
Saltwater Fishing Boats —  —  276.2  276.2  —  —  201.4  201.4 
Business Acceleration —  —  43.6  43.6  —  —  29.5  29.5 
Boat Eliminations/Other —  —  (10.6) (10.6) —  —  (3.0) (3.0)
Segment Eliminations (267.3) (24.3) —  (291.6) (182.3) (19.3) —  (201.6)
Total $ 1,666.9  $ 1,478.2  $ 1,270.1  $ 4,415.2  $ 1,188.2  $ 1,128.7  $ 869.5  $ 3,186.4 

As of December 31, 2020, $113.0 million of contract liabilities associated with extended warranties and customer deposits were reported in Accrued expenses and Other Long-term liabilities, of which $6.9 million and $28.0 million were recognized as revenue during the three and nine months ended October 2, 2021, respectively. As of October 2, 2021, total contract liabilities were $138.8 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of October 2, 2021 was $130.6 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $12.9 million of this amount in the fourth quarter of 2021, $33.8 million in 2022, and $83.9 million thereafter.