Accounts and Other Receivables

12 Months Ended

Dec. 31, 2023

Accounts and other receivables at December 31 consisted of the following:


	2023				2022
	Current		Long-term		Current		Long-term
Total trade receivables	$	575.4	$	—	$	626.8	$	—
Allowance for doubtful accounts - trade receivables	(10.5)		—		(17.8)		—
Trade receivables, net	$	564.9	$	—	$	609.0	$	—

Other notes receivable	$	—	$	1.2	$	—	$	22.4
Taxes receivable, including income taxes	3.1		—		5.0		—
Value-added taxes (VAT) recoverable 1	56.6		—		45.4		—
Other receivables	12.7		—		15.6		—
Allowance for doubtful accounts - other notes receivable	—		—		—		(21.2)
Other receivables, net	$	72.4	$	1.2	$	66.0	$	1.2

1 We have experienced VAT refund delays from the Mexican government. These balances include $48.2 and $36.5 at December 31, 2023 and December 31, 2022, respectively, of Mexico VAT recoverable. We believe that these are fully collectible.

Activity related to the allowance for doubtful accounts is reflected below:


	Balance at December 31, 2021		Change in Provision		Less: Net Charge-offs/(Recoveries) and Other		Balance at December 31, 2022		Change in Provision 1		Less: Net Charge-offs/(Recoveries) and Other		Balance at December 31, 2023


Total trade receivables	$	15.0	$	4.0	$	1.2	$	17.8	$	(5.8)	$	1.5	$	10.5


Other notes receivable	22.0		(.8)		—		21.2		(.7)		20.5		—

Total allowance for doubtful accounts	$	37.0	$	3.2	$	1.2	$	39.0	$	(6.5)	$	22.0	$	10.5

1 We decreased our allowance for doubtful accounts in 2023 based on the following considerations: Because of uncertainty around long-term impacts of the COVID-19 pandemic, we increased our allowance for general macroeconomic conditions by $6.0 in 2020. We have made small adjustments to this component of our reserves over the last few years for various economic signals, but we continued to hold most of this reserve (applicable to the entire portfolio) until we could reasonably conclude that COVID would not impact collectability into the future. During 2023, we reduced the COVID component of our reserve, but added a component for other macroeconomic items (such as higher interest rates, geopolitical tension, and economic uncertainty). The net impact of this change was $4.0 favorable to our allowance for doubtful accounts. In addition, 2023's allowance was reduced as accounts receivable balances were lower in 2023 as compared to 2022, including balances on specifically-reserved accounts and receipt of payments on some accounts that were previously fully reserved.