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Trade and Other Receivables
9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Trade and Other Receivables
Note 12. Trade and Other Receivables
September 30,
2025
December 31,
2024
Trade accounts receivable$332.8 $301.7 
Advanced charges receivable297.3 347.3 
Loans receivable53.1 35.4 
Consumption taxes receivable10.9 25.6 
Other receivables9.0 6.6 
Trade and other receivables, gross703.1 716.6 
Less: allowance for credit losses(5.5)(7.2)
Trade and other receivables, net$697.6 $709.4 
The Company generally has possession of assets or asset titles collateralizing a significant portion of trade receivables. Trade receivables are due for payment typically within seven days of the date of sale. Consumption taxes receivable are deemed fully recoverable unless disputed by the relevant tax authority. Other receivables are unsecured and non-interest bearing.
Allowance for Credit Losses
The following table presents the activity in the allowance for expected credit losses:
Nine months ended
September 30,
20252024
Allowance for credit losses, beginning of period$7.2 $6.4 
Provision0.1 5.4 
Write-offs charged against the allowance(1.8)(3.4)
Allowance for credit losses, end of period$5.5 $8.4 
Loans Receivable
The following table presents the consolidated balance sheet presentation of loans receivable:
September 30,
2025
December 31,
2024
Loans receivable
Trade and other receivables$53.1 $35.4 
Other non-current assets25.8 18.2 
Total loans receivable$78.9 $53.6 
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 be entitled to the proceeds of disposition of the collateral to recover its loans receivable balance. The related allowance for credit losses is not significant.