Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Notes)

v3.22.2.2
Revenue Recognition (Notes)
 9 Months Ended
Oct. 01, 2022
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 1, 2022 October 2, 2021
(in millions) Propulsion Parts & Accessories Boat Total Propulsion Parts & Accessories Boat Total
Geographic Markets
United States $ 514.1  $ 405.9  $ 397.7  $ 1,317.7  $ 433.9  $ 351.8  $ 306.9  $ 1,092.6 
Europe 75.1  76.4  39.3  190.8  78.1  57.9  33.7  169.7 
Asia-Pacific 49.7  51.7  7.8  109.2  51.8  35.5  6.6  93.9 
Canada 28.4  37.3  57.1  122.8  26.2  35.3  49.0  110.5 
Rest-of-World 47.1  16.5  8.8  72.4  36.9  13.5  5.3  55.7 
Segment Eliminations (99.2) (15.5) —  (114.7) (86.8) (8.4) —  (95.2)
Total $ 615.2  $ 572.3  $ 510.7  $ 1,698.2  $ 540.1  $ 485.6  $ 401.5  $ 1,427.2 
Nine Months Ended
October 1, 2022 October 2, 2021
(in millions) Propulsion Parts & Accessories Boat Total Propulsion Parts & Accessories Boat Total
Geographic Markets
United States $ 1,450.4  $ 1,257.7  $ 1,189.2  $ 3,897.3  $ 1,259.6  $ 1,055.8  $ 933.6  $ 3,249.0 
Europe 306.9  284.0  140.9  731.8  306.8  191.3  127.8  625.9 
Asia-Pacific 172.5  156.8  24.4  353.7  184.1  117.9  20.6  322.6 
Canada 86.1  106.9  189.7  382.7  75.5  94.9  164.2  334.6 
Rest-of-World 138.6  51.7  27.7  218.0  108.2  42.6  23.9  174.7 
Segment Eliminations (310.7) (43.1) (0.2) (354.0) (267.3) (24.3) —  (291.6)
Total $ 1,843.8  $ 1,814.0  $ 1,571.7  $ 5,229.5  $ 1,666.9  $ 1,478.2  $ 1,270.1  $ 4,415.2 
Three Months Ended
October 1, 2022 October 2, 2021
(in millions) Propulsion Parts & Accessories Boat Total Propulsion Parts & Accessories Boat Total
Major Product Lines
Outboard Engines $ 565.2  $ —  $ —  $ 565.2  $ 486.3  $ —  $ —  $ 486.3 
Controls, Rigging, and Propellers 96.9  —  —  96.9  87.8  —  —  87.8 
Sterndrive Engines 52.3  —  —  52.3  52.8  —  —  52.8 
Distribution Parts and Accessories —  207.8  —  207.8  —  215.7  —  215.7 
Engine Parts and Accessories —  152.2  —  152.2  —  149.5  —  149.5 
Navico Group —  227.8  —  227.8  —  128.8  —  128.8 
Aluminum Freshwater Boats —  208.2  208.2  —  —  167.5  167.5 
Recreational Fiberglass Boats —  —  180.8  180.8  —  —  135.9  135.9 
Saltwater Fishing Boats —  —  86.6  86.6  —  —  86.4  86.4 
Business Acceleration —  —  38.7  38.7  —  —  15.6  15.6 
Boat Eliminations/Other —  —  (3.6) (3.6) —  —  (3.9) (3.9)
Segment Eliminations (99.2) (15.5) —  (114.7) (86.8) (8.4) —  (95.2)
Total $ 615.2  $ 572.3  $ 510.7  $ 1,698.2  $ 540.1  $ 485.6  $ 401.5  $ 1,427.2 
Nine Months Ended
October 1, 2022 October 2, 2021
(in millions) Propulsion Parts & Accessories Boat Total Propulsion Parts & Accessories Boat Total
Major Product Lines
Outboard Engines $ 1,677.1  $ —  $ —  $ 1,677.1  $ 1,485.0  $ —  $ —  $ 1,485.0 
Controls, Rigging, and Propellers 301.8  —  —  301.8  278.8  —  —  278.8 
Sterndrive Engines 175.6  —  —  175.6  170.4  —  —  170.4 
Distribution Parts and Accessories —  642.7  —  642.7  —  671.5  —  671.5 
Engine Parts and Accessories —  424.5  —  424.5  —  429.1  —  429.1 
Navico Group —  789.9  —  789.9  —  401.9  —  401.9 
Aluminum Freshwater Boats —  —  666.2  666.2  —  —  535.4  535.4 
Recreational Fiberglass Boats —  —  532.6  532.6  —  —  425.5  425.5 
Saltwater Fishing Boats —  —  286.1  286.1  —  —  276.2  276.2 
Business Acceleration —  —  94.1  94.1  —  —  43.6  43.6 
Boat Eliminations/Other —  —  (7.1) (7.1) —  —  (10.6) (10.6)
Segment Eliminations (310.7) (43.1) (0.2) (354.0) (267.3) (24.3) —  (291.6)
Total $ 1,843.8  $ 1,814.0  $ 1,571.7  $ 5,229.5  $ 1,666.9  $ 1,478.2  $ 1,270.1  $ 4,415.2 

As of December 31, 2021, $142.1 million of contract liabilities associated with extended warranties and customer deposits were reported in Accrued expenses and Other Long-term liabilities, of which $9.2 million and $34.0 million were recognized as revenue during the three and nine months ended October 1, 2022, respectively. As of October 1, 2022, total contract liabilities were $186.7 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of October 1, 2022 was $177.3 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $16.1 million of this amount in the fourth quarter of 2022, $53.9 million in 2023, and $107.3 million thereafter.