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Allowance for Expected Credit Losses (Tables)
6 Months Ended
Jun. 30, 2024
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 accounts receivable and short-term contract assets for the six months ended June 30, 2024 and 2023:
(Amounts in thousands)Trade receivablesContract assets
Beginning balance, January 1, 2024$80,013 $4,993 
Charges to cost and expenses, net of recoveries8,447 212 
Write-offs(5,463)(271)
Currency effects and other, net(2,406)(119)
Ending balance, June 30, 2024$80,591 $4,815 
Beginning balance, January 1, 2023$83,062 $5,819 
Charges to cost and expenses, net of recoveries2,645 — 
Write-offs(2,891)(1,406)
Currency effects and other, net1,542 
Ending balance, June 30, 2023$84,358 $4,420 
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 accounts receivable and short-term contract assets for the six months ended June 30, 2024 and 2023:
(Amounts in thousands)Trade receivablesContract assets
Beginning balance, January 1, 2024$80,013 $4,993 
Charges to cost and expenses, net of recoveries8,447 212 
Write-offs(5,463)(271)
Currency effects and other, net(2,406)(119)
Ending balance, June 30, 2024$80,591 $4,815 
Beginning balance, January 1, 2023$83,062 $5,819 
Charges to cost and expenses, net of recoveries2,645 — 
Write-offs(2,891)(1,406)
Currency effects and other, net1,542 
Ending balance, June 30, 2023$84,358 $4,420 
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 six months ended June 30, 2024 and 2023:
(Amounts in thousands)20242023
Balance at January 1$66,864 $66,377 
Currency effects and other, net(969)480 
Balance at June 30$65,895 $66,857