v3.25.2
Disaggregation of Revenue (Tables)
 6 Months Ended
Jun. 30, 2025
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers
Net sales recognized from contracts with customers, disaggregated by segment and geographical location, are presented in the following table for the three and six months ended June 30, 2025 and 2024. Net sales are attributed to regions based on the location of production. Intersegment sales have been excluded from the table.

Three Months Ended June 30, 2025
(in millions)
DrivelineMetal FormingTotal
North America$822.7 $317.8 $1,140.5 
Asia142.9 2.7 145.6 
Europe88.6 111.5 200.1 
South America27.1 22.9 50.0 
Total$1,081.3 $454.9 $1,536.2 
Three Months Ended June 30, 2024
(in millions)
DrivelineMetal FormingTotal
North America$849.2 $357.7 $1,206.9 
Asia143.9 5.2 149.1 
Europe110.5 123.1 233.6 
South America20.7 22.0 42.7 
Total$1,124.3 $508.0 $1,632.3 
Six Months Ended June 30, 2025
(in millions)
DrivelineMetal FormingTotal
North America$1,537.2 $636.3 $2,173.5 
Asia280.6 6.1 286.7 
Europe172.5 222.7 395.2 
South America48.2 43.9 92.1 
Total$2,038.5 $909.0 $2,947.5 
Six Months Ended June 30, 2024
(in millions)
DrivelineMetal FormingTotal
North America$1,677.2 $703.6 $2,380.8 
Asia286.6 13.2 299.8 
Europe232.0 247.4 479.4 
South America34.9 44.3 79.2 
Total$2,230.7 $1,008.5 $3,239.2 
Contract Assets and Liabilities

The following table summarizes our beginning and ending balances for accounts receivable and contract liabilities associated with our contracts with customers (in millions):
Accounts Receivable, NetContract Liabilities (Current)Contract Liabilities (Long-term)
December 31, 2024$709.1 $14.2 $37.0 
June 30, 2025844.5 27.4 38.4 
Increase/(decrease)$135.4 $13.2 $1.4