OTHER ASSETS, NET

9 Months Ended

Sep. 30, 2022

7. OTHER ASSETS, NET

Other assets, net consisted of the following as of September 30, 2022 and December 31, 2021 (in millions):


	September 30,		December 31,
	2022		2021
Software development work in progress	$	7.5	$	5.6
Data processing software		108.7		103.8
Less accumulated depreciation and amortization		(76.3)		(70.9)
Data processing software, net		39.9		38.5
Other assets (1)		104.6		87.3
Total other assets, net	$	144.5	$	125.8

(1) At September 30, 2022 and December 31, 2021, the majority of the balance included notes receivable, net of allowance, and long-term prepaid assets. See Note 6 (“Credit Losses”) for more information on the notes receivable included within other assets, net on the condensed consolidated balance sheets. As of September 30, 2022 and December 31, 2021, the notes receivable, net balance was $99.6 million and $79.3 million, respectively.

Amortization expense related to data processing software was $1.8 million and $1.8 million for the three months ended September 30, 2022 and 2021, respectively, and $5.3 million and $5.3 million for the nine months ended September 30, 2022 and 2021, respectively.