Receivables

12 Months Ended

Sep. 30, 2020

The allowance for uncollectible receivables as of September 30, 2020 and 2019 was $6.4 million and $4.9 million, respectively. The following is a rollforward of the allowance for doubtful accounts for the years ended 2020, 2019 and 2018:


(in millions)	Beginning Balance		Charged to Profit & Loss		Deductions		Other Adjustments		Ending Balance
September 30, 2020	$	4.9	$	2.3	$	(0.7)	$	(0.1)	$	6.4
September 30, 2019	4.0		2.7		(2.2)		0.4		4.9
September 30, 2018	6.1		2.9		(3.5)		(1.5)		4.0

The Company has a broad range of customers including many large retail outlet chains, some of which exceed 10% of consolidated Net Trade Receivables. There were two customers that exceed 10% of the Company'consolidated Net Trade Receivables representing 28% and three customers representing 30% of the Company’s Trade Receivables as of September 30, 2020 and 2019, respectively.

We have entered into various factoring agreements and early pay programs with our customers to sell our trade receivables under non-recourse agreements in exchange for cash proceeds. A loss on sale is recognized for any discount and factoring fees associated with the transfer. We utilize factoring arrangements as an integral part of our financing for working capital. These transactions are treated as a sale and are accounted for as a reduction in trade receivables because the agreements transfer effective control over and risk related to the receivables to buyers. In some instances, we may continue to service the transferred receivable after the factoring has occurred, but in most cases we do not service any factored accounts. Any servicing of the trade receivable does not constitute significant continuing involvement or preclude the recognition of a sale. We do not carry any material servicing assets or liabilities. Cash proceeds from these arrangements are reflected as operating activities. The aggregate gross amount factored under these facilities was $1,554.5 million, $1,649.3 million and $1,675.3 million for the years ended September 30, 2020, 2019 and 2018, respectively. The cost of factoring such trade receivables was $5.7 million for the year ended September 30, 2020, and $9.4 million for the years ended September 30, 2019 and 2018 and reflected in the Consolidated Statements of Income as General and Administrative Expense.