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Allowance for Expected Credit Losses (Tables)
3 Months Ended
Mar. 31, 2021
Credit Loss [Abstract]  
Summary of Changes in Allowance for Expected Credit Losses for Trade Receivables
The following table presents the changes in the allowance for expected credit losses for our trade receivables and contract assets for the three months ended March 31, 2021 and 2020:
(Amounts in thousands)Trade receivablesContract assets
Beginning balance, January 1, 2021$75,176 $3,205 
Charges to cost and expenses, net of recoveries(79)— 
Currency effects and other, net(1,268)(66)
Ending balance, March 31, 2021$73,829 $3,139 
Beginning balance, January 1, 2020$53,412 $206 
Adoption of ASU 2016-137,291 2,403 
Charges to cost and expenses, net of recoveries4,058 — 
Currency effects and other, net1,491 72 
Ending balance, March 31, 2020$66,252 $2,681 
Summary of Changes in Allowance for Expected Credit Losses for Contract Assets
The following table presents the changes in the allowance for expected credit losses for our trade receivables and contract assets for the three months ended March 31, 2021 and 2020:
(Amounts in thousands)Trade receivablesContract assets
Beginning balance, January 1, 2021$75,176 $3,205 
Charges to cost and expenses, net of recoveries(79)— 
Currency effects and other, net(1,268)(66)
Ending balance, March 31, 2021$73,829 $3,139 
Beginning balance, January 1, 2020$53,412 $206 
Adoption of ASU 2016-137,291 2,403 
Charges to cost and expenses, net of recoveries4,058 — 
Currency effects and other, net1,491 72 
Ending balance, March 31, 2020$66,252 $2,681 
Summary of Changes in Allowance for Expected Credit Losses for Long-term Receivables The following table presents the changes in the allowance for long-term receivables for the three months ended March 31, 2021 and 2020:
(Amounts in thousands)20212020
Balance at January 1$67,842 $68,555 
Adoption of ASU 2016-13— (552)
Currency effects and other, net(1,059)(574)
Balance at March 31$66,783 $67,429