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REVENUES (Tables)

3 Months Ended

Mar. 31, 2025

REVENUES

Schedule of operating lease revenue

​

​	​	​	​	​	​	​	​	​
​	​	First Quarter Ended
​	​	March 31
(millions)	​	2025			​	2024
Operating lease revenue*	​	​	$136.5	​	​	​	$133.2	​

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

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

​	​	​	​	​	​	​	​	​
​	​	First Quarter Ended
​	​	March 31
(millions)		2025			​	2024
Global Water	​	​	​	​	​	​	​	​
Product and sold equipment		​	$1,600.3	​	​	​	$1,612.2	​
Service and lease equipment		​	226.1	​	​	​	226.7	​
Global Institutional & Specialty		​	​	​	​	​	​	​
Product and sold equipment	​	​	1,140.3	​	​	​	1,215.2	​
Service and lease equipment	​	​	277.7	​	​	​	265.0	​
Global Pest Elimination	​	​	​	​	​	​	​	​
Product and sold equipment	​	​	-	​	​	​	-	​
Service and lease equipment	​	​	280.6	​	​	​	266.1	​
Global Life Sciences	​	​	​	​	​	​	​	​
Product and sold equipment	​	​	161.3	​	​	​	159.1	​
Service and lease equipment	​	​	8.7	​	​	​	7.6	​
Total	​	​	​	​	​	​	​	​
Total product and sold equipment	​	​	$2,901.9	​	​	​	$2,986.5	​
Total service and lease equipment	​	​	$793.1	​	​	​	$765.4	​

​

​

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

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​

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​

​

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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Global

​

Global Institutional

​

Global

​

Global

​

​

​

Water

​

& Specialty

​

Pest Elimination

​

Life Sciences

​

​

2025

2024

2025

2024

2025

2024

2025

2024

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

United States

​

​

$816.9

​

​

​

$791.0

​

​

$938.5

​

​

​

$974.1

​

​

$195.2

​

​

​

$181.7

​

​

$49.1

​

​

​

$45.4

​

Europe

​

356.3

​

​

​

363.3

​

​

226.0

​

​

​

245.6

​

​

44.3

​

​

​

43.2

​

​

85.8

​

​

​

96.3

​

Asia Pacific

​

221.0

​

​

​

230.4

​

​

75.2

​

​

​

78.6

​

​

7.9

​

​

​

7.6

​

​

10.3

​

​

​

7.5

​

Latin America

​

180.3

​

​

​

196.2

​

​

49.2

​

​

​

55.1

​

​

14.1

​

​

​

14.5

​

​

5.1

​

​

​

4.5

​

India, Middle East and Africa

​

​

100.0

​

​

​

106.1

​

​

21.8

​

​

​

21.5

​

​

1.7

​

​

​

1.7

​

​

7.3

​

​

​

3.1

​

Greater China

​

​

98.2

​

​

​

99.0

​

​

49.8

​

​

​

46.8

​

​

14.7

​

​

​

14.7

​

​

11.5

​

​

​

9.4

​

Canada

​

​

53.7

​

​

​

52.9

​

​

57.5

​

​

​

58.5

​

​

2.7

​

​

​

2.7

​

​

0.9

​

​

​

0.5

​

Total

​

​

$1,826.4

​

​

​

$1,838.9

​

​

$1,418.0

​

​

​

$1,480.2

​

​

$280.6

​

​

​

$266.1

​

​

$170.0

​

​

​

$166.7

​

Summarized activity in the allowance for doubtful accounts

​

​	​	​	​	​	​	​	​	​
​	​	First Quarter Ended
​	​	March 31
(millions)		2025				2024
​	​	​	​	​	​	​	​	​
Beginning balance	​	​	$70.0	​	​	​	$77.3	​
Bad debt expense			12.2	​	​		13.2	​
Write-offs			(9.6)	​	​		(10.6)	​
Other (a)			0.5	​	​		(0.9)	​
Ending balance	​	​	$73.1	​	​	​	$79.0	​

​

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

​

Schedule of contract liability

​

​	​	​	​	​	​	​	​	​
​	​	First Quarter Ended
​	​	March 31
(millions)		2025			​	2024
​	​	​	​	​	​	​	​	​
Contract liability as of beginning of the year		​	$102.0	​	​	​	$110.9
​	​	​	​	​	​	​	​	​
Revenue recognized in the period from:		​	​	​	​	​	​
Amounts included in the contract liability at the beginning of the year		​	(102.0)	​	​	​	(110.9)
​	​	​	​	​	​	​	​	​
Increases due to billings excluding amounts recognized as revenue during the period ended	​	​	110.6	​	​	​	118.0	​
​	​	​	​	​	​	​	​	​
Contract liability as of end of period	​	​	$110.6	​	​	​	$118.0	​

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-Topic 326
-SubTopic 20
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-Paragraph 13
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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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