Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Notes)

v3.22.0.1
Revenue Recognition (Notes)
 12 Months Ended
Dec. 31, 2021
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, 2021 Year Ended December 31, 2020
(in millions) Propulsion Parts & Accessories Boat Total Propulsion Parts & Accessories Boat Total
Geographic Markets
United States $ 1,641.9  $ 1,383.7  $ 1,259.1  $ 4,284.7  $ 1,207.8  $ 1,091.0  $ 957.5  $ 3,256.3 
Europe 376.8  275.8  162.5  815.1  255.2  180.5  128.5  564.2 
Asia-Pacific 236.9  172.4  32.8  442.1  240.4  117.9  27.7  386.0 
Canada 102.0  117.1  217.1  436.2  66.7  80.9  114.2  261.8 
Rest-of-World 147.1  59.1  31.6  237.8  108.3  38.5  22.4  169.2 
Segment Eliminations (337.5) (32.2) —  (369.7) (263.1) (26.9) —  (290.0)
Total $ 2,167.2  $ 1,975.9  $ 1,703.1  $ 5,846.2  $ 1,615.3  $ 1,481.9  $ 1,250.3  $ 4,347.5 
Major Product Lines
Outboard Engines $ 1,935.1  $ —  $ —  $ 1,935.1  $ 1,471.8  $ —  $ —  $ 1,471.8 
Controls, Rigging, and Propellers 352.4  —  —  352.4  258.4  —  —  258.4 
Sterndrive Engines 217.2  —  —  217.2  148.2  —  —  148.2 
Distribution Parts and Accessories —  820.1  —  820.1  —  664.2  —  664.2 
Engine Parts and Accessories —  551.5  —  551.5  —  432.5  —  432.5 
Advanced Systems Group —  513.7  —  513.7  —  412.1  —  412.1 
Navico —  122.8  —  122.8  —  —  —  — 
Aluminum Freshwater Boats —  —  712.4  712.4  —  —  488.5  488.5 
Recreational Fiberglass Boats —  —  571.6  571.6  —  —  427.1  427.1 
Saltwater Fishing Boats —  —  371.9  371.9  —  —  298.7  298.7 
Business Acceleration —  —  60.1  60.1  —  —  40.5  40.5 
Boat Eliminations/Other —  —  (12.9) (12.9) —  —  (4.5) (4.5)
Segment Eliminations (337.5) (32.2) —  (369.7) (263.1) (26.9) —  (290.0)
Total $ 2,167.2  $ 1,975.9  $ 1,703.1  $ 5,846.2  $ 1,615.3  $ 1,481.9  $ 1,250.3  $ 4,347.5 
Year Ended December 31, 2019
(in millions) Propulsion Parts & Accessories Boat Total
Geographic Markets
United States $ 1,152.1  $ 978.5  $ 1,009.0  $ 3,139.6 
Europe 235.1  175.8  115.6  526.5 
Asia-Pacific 143.2  103.4  31.2  277.8 
Canada 62.7  80.1  154.8  297.6 
Rest-of-World 99.8  42.3  23.7  165.8 
Segment Eliminations (269.7) (29.2) —  (298.9)
Total $ 1,423.2  $ 1,350.9  $ 1,334.3  $ 4,108.4 
Major Product Lines
Outboard Engines $ 1,306.7  $ —  $ —  $ 1,306.7 
Controls, Rigging, and Propellers 213.6  —  —  213.6 
Sterndrive Engines 172.6  —  —  172.6 
Distribution Parts and Accessories —  571.8  —  571.8 
Engine Parts and Accessories —  395.3  —  395.3 
Advanced Systems Group —  413.0  —  413.0 
Aluminum Freshwater Boats —  —  556.6  556.6 
Recreational Fiberglass Boats —  —  438.8  438.8 
Saltwater Fishing Boats —  —  316.6  316.6 
Business Acceleration —  —  24.1  24.1 
Boat Eliminations/Other —  —  (1.8) (1.8)
Segment Eliminations (269.7) (29.2) —  (298.9)
Total $ 1,423.2  $ 1,350.9  $ 1,334.3  $ 4,108.4 

As of January 1, 2021, $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 $33.3 million of this amount was recognized as revenue during year ended December 31, 2021. As of December 31, 2021, total contract liabilities were $142.1 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of December 31, 2021 is $132.3 million for contracts greater than one year, which includes extended warranties. The Company expects to recognize approximately $40.8 million of this amount in 2022 and $91.5 million thereafter. Contract assets as of January 1, 2021 and December 31, 2021 were not material. In addition, costs to obtain and fulfill contracts during the period were not material.