Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2020

Activity in the Allowance for Credit Losses

The following table presents the activity in the allowance for credit losses related to the Company's financing receivables and contract assets for the nine months ended September 30, 2020 (in millions):


	CRE		Land Operations		M&C
	Financing Receivables		Financing Receivables			Contract Assets		Total
Allowance for credit losses:
Balance as of January 1, 2020 (prior to adoption of ASC 326)	$	—	$	1.6		$	0.3	$	1.9
Impact of adoption of ASC 326	0.4		2.3			1.3		4.0
Provision for expected credit losses	—		0.3			—		0.3


Balance as of March 31, 2020	0.4		4.2			1.6		6.2
Provision for expected credit losses	—		(0.3)			(0.1)		(0.4)


Disposal of subsidiary	—		—			(0.1)		(0.1)
Balance as of June 30, 2020	0.4		3.9			1.4		5.7
Provision for expected credit losses	—		0.2			(0.1)		0.1



Ending allowance balance as of September 30, 2020	$	0.4	$	4.1		$	1.3	$	5.8