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Other Receivables and Allowances and Other Reserves
 12 Months Ended
Dec. 31, 2023
Credit Loss [Abstract]  
Other Receivables and Allowances and Other Reserves Other Receivables and Allowances and Other Reserves
Other Receivables
The following table is a summary of the Company's other receivables (in millions):
December 31, 2023December 31, 2022
Financing receivables1
$24.4 $4.6 
Other receivables2
2.7 5.0 
Other receivables, gross27.1 9.6 
Less: Allowance for credit losses(3.5)(2.7)
Other receivables, net of allowances $23.6 $6.9 
1 As of December 31, 2023, the Company had a note receivable related to the sale of the Grace Disposal Group that was recorded at the Corporate segment. This note was paid in full in January 2024.
2 Escrow receivables primarily related to the Land Operations segment.
Allowances and Other Reserves
The Company reduces recorded amounts for accounts receivable and other financial assets included in other receivables by various allowances and reserve accounts. The following table presents the balances and activity (including reclassifications) in the various allowance and reserve accounts related to the Company's accounts receivable and financial assets included in other receivables for the three years ended December 31, 2023, 2022, and 2021, (in millions):
Allowance for Credit Losses on Other ReceivablesAccounts Receivable Reserves
Land Operations Financing Receivables
Commercial Real Estate Financing Receivables2
Total Allowance for Credit LossesAllowance for doubtful accounts
Balance, January 1, 2021$3.9 $— $3.9 $2.6 
Provision (release) - charged against income(1.4)— (1.4)(1.7)
Write-offs or other - charged against allowance1
— — — (0.1)
Balance, December 31, 2021$2.5 $— $2.5 $0.8 
Provision (release) - charged against income0.2 — 0.2 0.2 
Write-offs or other - charged against allowance1
— — — 1.4 
Balance, December 31, 2022$2.7 $— $2.7 $2.4 
Provision (release) - charged against income0.2 (0.2)— 0.8 
Write-offs or other - charged against allowance1
— 0.8 0.8 (0.3)
Balance, December 31, 2023$2.9 $0.6 $3.5 $2.9 
1 Write-offs or other activity (e.g., reclassifications of fully reserved balances from cash basis treatment).
Refer to Note 12 – Leases - The Company as a Lessor for discussion on current period charges related to the Company's assessment of collectability on amounts due under leases. Note that under ASC Topic 842, Leases, such charges and reserve activity reflect a reversal of the revenue and receivable balance originally recorded.
The allowance for credit losses for Land Operations financing receivables relates to collateral-dependent receivables resulting from the sales of unimproved legacy property or development parcels that involve a financing component. The collectability of each of the financing receivables is assessed each reporting period using specific information, including among other factors, the credit quality of the counterparties in the transactions, as well as reasonable and supportable forecasts of future conditions that impact the collectability of the receivable.
The allowance for credit losses for Commercial Real Estate financing receivables relates to the Commercial Real Estate segment notes receivables from tenants related to rent relief arrangements with existing tenants and delinquent rent from terminated tenants. The Company evaluates the collectability of the Commercial Real Estate notes receivable each reporting period based on a combination of credit quality indicators, including, but not limited to, payment status, historical loan charge-offs, and financial strength of the borrower and guarantors.
Included below is a summary of the amortized cost basis of our financing receivables, included in other receivables, and credit quality indicator, summarized by year of origination, as well as a summary of our gross write offs by year of origination (in millions):
Year of OriginationBalance as of
20232022202120202019PriorDecember 31, 2023
Secured$4.1 $0.2 $0.2 $0.1 $— $2.5 $7.1 
Unsecured15.0 0.3 0.1 0.3 — 1.6 17.3 
Total notes receivable$19.1 $0.5 $0.3 $0.4 $— $4.1 $24.4 
Year-to-date gross write-offs— — — — — — —