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Accounts Receivable, Net (Tables)
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Summary of Accounts Receivable

Accounts receivable are as follows (in millions):

 

 

December 31,

 

 

 

2024

 

 

2023

 

Accounts receivable

 

$

676.8

 

 

$

621.0

 

Unbilled accounts receivable

 

 

256.8

 

 

 

203.5

 

Allowance for credit losses

 

 

(31.6

)

 

 

(25.1

)

Total accounts receivable, net

 

$

902.0

 

 

$

799.4

 

 

Schedule of Allowance for Credit Losses

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

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Balance at beginning of period

 

$

25.1

 

 

$

21.7

 

 

$

17.9

 

Charge to costs and expenses

 

 

15.4

 

 

 

11.4

 

 

 

10.6

 

Write-offs, net of recoveries

 

 

(8.7

)

 

 

(9.2

)

 

 

(7.1

)

Foreign currency impact

 

 

(0.2

)

 

 

1.2

 

 

 

0.3

 

Balance at end of period

 

$

31.6

 

 

$

25.1

 

 

$

21.7