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FINANCE RECEIVABLES (Tables)

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Finance receivables, net consisted of the following (in millions):

	June 30, 2018				December 31, 2017
Commercial loans	$	132.9			$	180.2
Sales-type leases	41.6				26.5
Total finance receivables, gross	174.5				206.7
Allowance for credit losses	(4.5		)		(6.6		)
Total finance receivables, net	$	170.0			$	200.1

Allowance for Credit Losses on Financing Receivables

The allowance for credit losses and finance receivables by portfolio, segregated by those amounts that are individually evaluated for impairment and those that are collectively evaluated for impairment, was as follows (in millions):

		June 30, 2018												December 31, 2017
Allowance for credit losses, ending balance:		Commercial Loans				Sales-Type Leases				Total				Commercial Loans				Sales-Type Leases				Total
Individually evaluated for impairment		$	0.6			$	—			$	0.6			$	2.4			$	—			$	2.4
Collectively evaluated for impairment		2.4				1.5				3.9				3.3				0.9				4.2
Total allowance for credit losses		$	3.0			$	1.5			$	4.5			$	5.7			$	0.9			$	6.6
Finance receivables, ending balance:
Individually evaluated for impairment		$	1.5			$	—			$	1.5			$	6.0			$	—			$	6.0
Collectively evaluated for impairment		131.4				41.6				173.0				174.2				26.5				200.7
Total finance receivables		$	132.9			$	41.6			$	174.5			$	180.2			$	26.5			$	206.7

The following table presents an analysis of the allowance for credit losses (in millions):

		Three Months Ended June 30, 2018												Three Months Ended June 30, 2017
		Commercial Loans				Sales-Type Leases				Total				Commercial Loans				Sales-Type Leases				Total
Balance, beginning of period		$	2.3			$	1.5			$	3.8			$	5.6			$	0.4			$	6.0
Provision for credit losses		0.7				—				0.7				0.4				—				0.4
Charge offs		—				—				—				(0.1		)		—				(0.1		)
Balance, end of period		$	3.0			$	1.5			$	4.5			$	5.9			$	0.4			$	6.3

		Six Months Ended June 30, 2018												Six Months Ended June 30, 2017
		Commercial Loans				Sales-Type Leases				Total				Commercial Loans				Sales-Type Leases				Total
Balance, beginning of period		$	5.7			$	0.9			$	6.6			$	5.9			$	0.4			$	6.3
Provision for credit losses		(1.6		)		0.6				(1.0		)		0.1				—				0.1
Charge offs		(1.1		)		—				(1.1		)		(0.1		)		—				(0.1		)
Balance, end of period		$	3.0			$	1.5			$	4.5			$	5.9			$	0.4			$	6.3

Impaired Financing Receivables

The following table presents individually impaired finance receivables (in millions):

		June 30, 2018												December 31, 2017
		Commercial Loans				Sales-Type Leases				Total				Commercial Loans				Sales-Type Leases				Total
Recorded investment		$	1.5			$	—			$	1.5			$	6.0			$	—			$	6.0
Related allowance		0.6				—				0.6				2.4				—				2.4
Average recorded investment		3.2				—				3.2				3.7				—				3.7

Past Due Financing Receivables

The following tables present analysis of aging of recorded investment in finance receivables (in millions):

	June 30, 2018
	Current				31-60 days past due				61-90 days past due				Greater than 90 days past due				Total past due				Total Finance Receivables
Commercial loans	$	123.6			$	1.5			$	—			$	7.8			$	9.3			$	132.9
Sales-type leases	41.6				—				—				—				—				41.6
Total finance receivables	$	165.2			$	1.5			$	—			$	7.8			$	9.3			$	174.5

	December 31, 2017
	Current				31-60 days past due				61-90 days past due				Greater than 90 days past due				Total past due				Total Finance Receivables
Commercial loans	$	174.2			$	2.1			$	—			$	3.9			$	6.0			$	180.2
Sales-type leases	26.5				—				—				—				—				26.5
Total finance receivables	$	200.7			$	2.1			$	—			$	3.9			$	6.0			$	206.7

Financing Receivable Credit Quality Indicators

Finance receivables by risk rating (in millions):

Rating		June 30, 2018				December 31, 2017
Superior		$	4.1			$	3.3
Above Average		26.1				31.8
Average		36.5				73.1
Below Average		90.7				79.6
Sub Standard		17.1				18.9
Total		$	174.5			$	206.7

During the six months ended June 30, 2018, the Company reduced its portfolio relative to 2017 by syndicating its finance receivables to financial institutions. The receivables sold were primarily rated Average. The Company believes the finance receivables retained, net of allowance for credit losses, are collectible.

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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