Accounts Receivable, Net

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Accounts Receivable, Net

Note 3—Accounts Receivable, net

Accounts receivable are as follows (in millions):

	December 31,
	2023			2022
Accounts receivable	$	621.0		$	593.6
Unbilled accounts receivable		203.5			206.7
Allowance for credit losses		(25.1	)		(21.7	)
Total accounts receivable, net	$	799.4		$	778.6

The following table represents the activity for the allowance for credit losses (in millions):

	Year Ended December 31,
	2023			2022			2021
Balance at beginning of period	$	21.7		$	17.9		$	16.8
Charge to costs and expenses		11.4			10.6			8.2
Write-offs, net of recoveries		(9.2	)		(7.1	)		(7.0	)
Foreign currency impact		1.2			0.3			(0.1	)
Balance at end of period	$	25.1		$	21.7		$	17.9

Management establishes the allowance for credit losses accounts based on historical bad debt experience. In addition, management analyzes client accounts, client concentrations, client creditworthiness, current economic trends and changes in client payment terms when evaluating the adequacy of the allowance for credit losses.