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Revenue (Tables)
3 Months Ended
Mar. 31, 2022
Revenue From Contract With Customer [Abstract]  
Schedule of Remaining Performance Obligations

The Company expects to recognize the remaining performance obligations as revenue in future periods as follows:

(millions) (unaudited)

 

Remaining

Performance

Obligations

 

2022

 

$

57.3

 

2023

 

 

52.9

 

2024

 

 

33.3

 

2025

 

 

15.0

 

2026

 

 

8.4

 

2027 and thereafter

 

 

5.9

 

Total

 

$

172.8

 

 

Schedule of Contract with Customer, Asset and Liabilities

The following table provides information about accounts receivable, contract assets and contract liabilities with customers and clients as of March 31, 2022 (unaudited) and December 31, 2021:

(millions)

 

March 31, 2022

 

 

December 31,

2021

 

Accounts receivable

 

$

136.0

 

 

$

137.3

 

Contract assets

 

 

 

 

 

2.3

 

Contract liabilities

 

 

(8.2

)

 

 

(15.7

)

 

The following table provides information about changes to contract assets during the three months ended March 31, 2022 and 2021 (unaudited):

 

 

 

Three Months Ended

 

(millions)

 

March 31, 2022

 

 

March 31, 2021

 

Balance, beginning of period

 

$

2.3

 

 

$

8.6

 

Additional contract assets

 

 

 

 

 

6.0

 

Reclassification to accounts receivable

 

 

(2.3

)

 

 

(8.6

)

Balance, end of period

 

$

 

 

$

6.0

 

 

 

The following table provides information about changes to contract liabilities during the three months ended March 31, 2022 and 2021 (unaudited):

 

 

 

Three Months Ended

 

(millions)

 

March 31, 2022

 

 

March 31, 2021

 

Balance, beginning of period

 

$

(15.7

)

 

$

(12.5

)

Additional contract liabilities

 

 

(8.2

)

 

 

(8.2

)

Recognition of revenue from contract liabilities

 

 

15.7

 

 

 

12.5

 

Balance, end of period

 

$

(8.2

)

 

$

(8.2

)

 

Schedule of Cost of Contracts Expense Cost of contracts expense related to service concession arrangements within the scope of Topic 853 and certain management type contracts are recorded as a reduction of revenue.  Cost of contracts expense during three months ended March 31, 2022 and 2021 (unaudited) was as follows:

 

 

 

Three Months Ended

 

(millions)

 

March 31, 2022

 

 

March 31, 2021

 

Cost of contracts expense

 

$

0.2

 

 

$

0.2