v3.26.1
Disaggregation of Revenue (Tables)
6 Months Ended
Jun. 30, 2026
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, 2026 and 2025. Net sales are attributed to regions based on the location of production. Intersegment sales have been excluded from the table.

In the first quarter of 2026, we moved certain plant locations that were previously reported under our Metal Forming segment to our Driveline segment in order to better align our product and process technologies. The amounts in the table below for the three and six months ended June 30, 2025 have been recast to reflect this reorganization.

Three Months Ended June 30, 2026
(in millions)
DrivelineMetal FormingTotal
North America$1,368.8 $412.5 $1,781.3 
Asia256.4 47.9 304.3 
Europe496.7 245.3 742.0 
South America99.7 28.3 128.0 
Total$2,221.6 $734.0 $2,955.6 
Three Months Ended June 30, 2025
(in millions)
DrivelineMetal FormingTotal
North America$846.8 $293.7 $1,140.5 
Asia142.9 2.7 145.6 
Europe88.6 111.5 200.1 
South America27.1 22.9 50.0 
Total$1,105.4 $430.8 $1,536.2 
Six Months Ended June 30, 2026
(in millions)
DrivelineMetal FormingTotal
North America$2,467.5 $760.8 $3,228.3 
Asia479.9 79.3 559.2 
Europe876.1 454.1 1,330.2 
South America163.7 53.1 216.8 
Total$3,987.2 $1,347.3 $5,334.5 
Six Months Ended June 30, 2025
(in millions)
DrivelineMetal FormingTotal
North America$1,589.3 $584.2 $2,173.5 
Asia280.6 6.1 286.7 
Europe172.5 222.7 395.2 
South America48.2 43.9 92.1 
Total$2,090.6 $856.9 $2,947.5 
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, 2025$733.0 $38.5 $33.9 
June 30, 20261,517.0 23.4 40.4 
Increase/(decrease)$784.0 $(15.1)$6.5