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REVENUES (Tables)
6 Months Ended
Jun. 30, 2024
REVENUES  
Schedule of operating lease revenue

Second Quarter Ended

Six Months Ended 

June 30

June 30

(millions)

2024

2023

2024

2023

Operating lease revenue*

$131.6

$128.7

$264.8

$255.1

Schedule of principal activities, separated by reportable segments and geographic region

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

Second Quarter Ended

Six Months Ended 

June 30

June 30

(millions)

    

2024

2023

    

2024

2023

    

Global Industrial

Product and sold equipment

 

$1,702.7

$1,683.1

$3,315.2

$3,275.4

 

Service and lease equipment

 

233.8

226.4

460.5

443.2

 

Global Institutional & Specialty

 

 

Product and sold equipment

1,109.9

1,047.2

2,131.3

1,968.0

Service and lease equipment

254.0

225.0

499.3

433.0

Global Healthcare & Life Sciences

Product and sold equipment

360.5

363.9

713.1

716.5

Service and lease equipment

29.2

26.9

56.5

54.0

Global Pest Elimination

Product and sold equipment

-

-

-

-

Service and lease equipment

295.7

269.0

561.8

512.4

Corporate

Product and sold equipment

-

10.6

-

21.2

Service and lease equipment

-

-

-

-

Total

Total product and sold equipment

$3,173.1

$3,104.8

$6,159.6

$5,981.1

Total service and lease equipment

$812.7

$747.3

$1,578.1

$1,442.6

Net sales at public exchange rates by geographic region for the second quarter ended June 30 are as follows:

Global

Global Institutional

Global Healthcare

Global Pest

Industrial

& Specialty

& Life Sciences

Elimination

Corporate

  

2024

  

2023

  

2024

  

2023

  

2024

  

2023

  

2024

  

2023

  

2024

  

2023

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

United States

$830.3

$806.0

$960.9

$879.8

$147.6

$154.6

$206.8

$185.9

$-

$9.6

Europe

 

410.6

414.3

179.3

174.7

187.0

186.2

46.4

42.8

-

0.7

Asia Pacific

 

230.8

238.9

59.5

58.4

26.5

22.5

8.0

7.2

-

0.1

Latin America

 

197.6

182.9

46.8

47.6

5.9

6.6

15.0

14.2

-

0.2

Greater China

100.5

104.4

40.5

40.5

13.8

12.9

14.9

14.5

-

-

India, Middle East and Africa

112.3

107.8

17.8

17.2

7.1

6.4

1.7

1.7

-

-

Canada

54.4

55.2

59.1

54.0

1.8

1.6

2.9

2.7

-

-

Total

$1,936.5

$1,909.5

$1,363.9

$1,272.2

$389.7

$390.8

$295.7

$269.0

$-

$10.6

Net sales at public exchange rates by geographic region for the six months ended June 30 are as follows:

Global

Global Institutional

Global Healthcare

Global Pest

Industrial

& Specialty

& Life Sciences

Elimination

Corporate

(millions)

  

2024

  

2023

  

2024

  

2023

  

2024

  

2023

  

2024

  

2023

  

2024

  

2023

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

United States

$1,624.1

$1,599.0

$1,844.1

$1,665.8

$297.4

$317.1

$388.5

$351.8

$-

$19.2

Europe

 

785.2

791.7

339.8

321.2

371.5

360.6

89.6

81.5

-

1.4

Asia Pacific

 

461.5

467.3

118.8

115.2

49.9

42.1

15.6

14.1

-

0.1

Latin America

 

387.2

341.1

96.7

88.9

11.4

12.3

29.5

27.8

-

0.5

Greater China

198.2

201.3

85.2

76.1

23.2

23.7

29.6

28.5

-

-

India, Middle East and Africa

211.5

212.2

33.3

31.9

12.5

11.7

3.4

3.6

-

-

Canada

108.0

106.0

112.7

101.9

3.7

3.0

5.6

5.1

-

-

Total

$3,775.7

$3,718.6

$2,630.6

$2,401.0

$769.6

$770.5

$561.8

$512.4

$-

$21.2

Summarized activity in the allowance for doubtful accounts

Six Months Ended 

June 30

(millions)

2024

    

2023

Beginning balance

$77.3

$71.9

Bad debt expense

 

23.6

 

32.5

Write-offs

 

(24.3)

 

(18.6)

Other (a)

(0.4)

(2.0)

Transferred to held for sale

 

(3.0)

 

-

Ending balance

$73.2

$83.8

(a)Other amounts are primarily the effects of changes in currency translations.

Schedule of contract liability

Six Months Ended 

June 30

(millions)

    

2024

2023

    

Contract liability as of beginning of the year

 

$110.9

$116.5

 

Revenue recognized in the period from:

 

 

Amounts included in the contract liability at the beginning of the year

 

(110.9)

(116.5)

 

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

106.1

107.4

Contract liability as of end of period

$106.1

$107.4