Net sales at public exchange rates by reportable segment are as follows:


		First Quarter Ended
		March 31
(millions)		2026		2025
Global Water
Product and sold equipment			$1,769.4		$1,600.3
Service and lease equipment			273.6		226.1
Global Institutional & Specialty
Product and sold equipment			1,213.2		1,140.3
Service and lease equipment			298.2		277.7
Global Pest Elimination
Product and sold equipment			-		-
Service and lease equipment			310.8		280.6
Global Life Sciences
Product and sold equipment			192.0		161.3
Service and lease equipment			8.9		8.7
Total
Total product and sold equipment			$3,174.6		$2,901.9
Total service and lease equipment			$891.5		$793.1

Net sales at public exchange rates by geographic region for the first quarter ended March 31 are as follows:


		First Quarter Ended
		March 31
(millions)		2026		2025

Contract liability as of beginning of the year			$173.0		$102.0

Revenue recognized in the period from:
Amounts included in the contract liability at the beginning of the year			(173.0)		(102.0)

Increases due to billings excluding amounts recognized as revenue during the period ended			201.1		110.6

Contract liability as of end of period			$201.1		$110.6