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Trade and Other Receivables | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
Trade and Other Receivables | 12. Trade and Other Receivables
|  | September 30, 2024 |  | December 31, 2023
Advanced charges receivable |  | $ | 325.3 |  |  | $ | 374.7 |
Trade accounts receivable |  | 361.5 |  |  | 315.8 |
Consumption taxes receivable |  | 18.0 |  |  | 21.1 |
Loans receivable |  | 34.9 |  |  | 21.8 |
Other receivables |  | 5.0 |  |  | 4.5 |
Trade and other receivables, gross |  | 744.7 |  |  | 737.9 |
Less: allowance for credit losses |  | (8.4) |  |  | (6.4) |
Trade and other receivables, net |  | $ | 736.3 |  |  | $ | 731.5 |
The Company generally has possession of assets or asset titles collateralizing a significant portion of trade receivables. The following table presents the activity in the allowance for expected credit losses for the nine months ended September 30, 2024:
Balance at December 31, 2023 | $ | 6.4 |
Current period provision | 5.4 |
Write-offs charged against the allowance | (3.4) |
Balance at September 30, 2024 | $ | 8.4 |
Loans Receivable
|  | September 30, 2024 |  | December 31, 2023
Loans receivable |  |  |  |
Current portion - Trade and other receivables |  | $ | 34.9 |  |  | $ | 21.8 |
Non-current portion - Other non-current assets |  | 18.4 |  |  | 15.9 |
Total loans receivable |  | $ | 53.3 |  |  | $ | 37.7 |
The Company participates in certain lending arrangements that are fully collateralized and secured by certain equipment, and in some arrangements, also secured by other assets. These arrangements typically have terms of one to five years. In an event of default under these agreements, the Company will take possession of the equipment as collateral or will be entitled to the proceeds of disposition of collateral to recover its loans receivable balance. The allowance for credit losses is not significant.

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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- References No definition available. + Details
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