v3.25.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents details deemed relevant to the users of the financial statements about total revenue for the three months ended March 31, 2025 and 2024:
Three Months EndedThree Months Ended
March 31, 2025March 31, 2024
Engineered BearingsIndustrial MotionTotalEngineered BearingsIndustrial MotionTotal
United States$311.5 $202.3 $513.8 $335.1 $192.7 $527.8 
Americas excluding the
   United States
88.2 21.2 109.4 94.7 24.6 119.3 
Europe / Middle East / Africa139.6 129.7 269.3 169.5 142.6 312.1 
Asia-Pacific221.4 26.4 247.8 203.2 27.9 231.1 
Net sales$760.7 $379.6 $1,140.3 $802.5 $387.8 $1,190.3 

When reviewing revenue by sales channel, the Company separates net sales to original equipment manufacturers ("OEMs") from sales to distributors and end users. The following table presents the approximate percent of revenue by sales channel for the three months ended March 31, 2025 and 2024:
Three Months EndedThree Months Ended
Revenue by sales channelMarch 31, 2025March 31, 2024
Original equipment manufacturers60%60%
Distribution/direct to end users40%40%
Schedule of Rollforward of Unbilled Receivables and Deferred Revenue
The following table contains a rollforward of unbilled receivables for the three months ended March 31, 2025 and the twelve months ended December 31, 2024:
March 31,
2025
December 31,
2024
Beginning balance, January 1$140.8 $144.5 
Additional unbilled revenue recognized89.0 380.5 
Less: amounts billed to customers(70.8)(384.2)
Ending balance$159.0 $140.8 
The following table contains a rollforward of deferred revenue for the three months ended March 31, 2025 and the twelve months ended December 31, 2024:
March 31,
2025
December 31,
2024
Beginning balance, January 1$41.4 $45.4 
Acquisitions 0.7 
Revenue received or billed in advance of recognition34.4 153.0 
Less: revenue recognized(43.1)(157.7)
Ending balance$32.7 $41.4