XML 29 R16.htm IDEA: XBRL DOCUMENT v3.23.2
Receivables
6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Receivables
7.
Receivables

Receivables consisted of the following (in millions):

 

 

June 30,
2023

 

 

December 31,
2022

 

Trade receivables - U.S. government

 

$

78.5

 

 

$

135.3

 

Trade receivables - other

 

 

1,224.4

 

 

 

979.5

 

Finance receivables

 

 

7.9

 

 

 

7.3

 

Notes receivable

 

 

7.7

 

 

 

 

Other receivables

 

 

78.3

 

 

 

53.3

 

 

 

1,396.8

 

 

 

1,175.4

 

Less allowance for doubtful accounts

 

 

(7.2

)

 

 

(6.7

)

 

$

1,389.6

 

 

$

1,168.7

 

Classification of receivables in the Condensed Consolidated Balance Sheets consisted of the following (in millions):

 

 

June 30,
2023

 

 

December 31,
2022

 

Current receivables

 

$

1,367.2

 

 

$

1,162.0

 

Long-term receivables

 

 

22.4

 

 

 

6.7

 

 

 

$

1,389.6

 

 

$

1,168.7

 

 

Changes in the Company’s allowance for doubtful accounts by type of receivable were as follows (in millions):

 

 

Three Months Ended June 30, 2023

 

 

Three Months Ended June 30, 2022

 

 

 

Finance
Receivables

 

 

Trade and
Other
Receivables

 

 

Total

 

 

Finance
Receivables

 

 

Trade and
Other
Receivables

 

 

Total

 

Allowance at beginning of period

 

$

0.2

 

 

$

6.9

 

 

$

7.1

 

 

$

0.4

 

 

$

5.5

 

 

$

5.9

 

Provision for doubtful accounts, net of recoveries

 

 

(0.1

)

 

 

0.3

 

 

 

0.2

 

 

 

(0.1

)

 

 

0.6

 

 

 

0.5

 

Charge-off of accounts

 

 

 

 

 

(0.1

)

 

 

(0.1

)

 

 

 

 

 

 

 

 

 

Allowance at end of period

 

$

0.1

 

 

$

7.1

 

 

$

7.2

 

 

$

0.3

 

 

$

6.1

 

 

$

6.4

 

 

 

 

Six Months Ended June 30, 2023

 

 

Six Months Ended June 30, 2022

 

 

 

Finance
Receivables

 

 

Trade and
Other
Receivables

 

 

Total

 

 

Finance
Receivables

 

 

Trade and
Other
Receivables

 

 

Total

 

Allowance at beginning of period

 

$

0.1

 

 

$

6.6

 

 

$

6.7

 

 

$

0.5

 

 

$

3.7

 

 

$

4.2

 

Provision for doubtful accounts, net of recoveries

 

 

 

 

 

0.6

 

 

 

0.6

 

 

 

(0.2

)

 

 

2.4

 

 

 

2.2

 

Charge-off of accounts

 

 

 

 

 

(0.1

)

 

 

(0.1

)

 

 

 

 

 

 

 

 

 

Allowance at end of period

 

$

0.1

 

 

$

7.1

 

 

$

7.2

 

 

$

0.3

 

 

$

6.1

 

 

$

6.4