Accounts and Notes Receivable, Net

9 Months Ended

Sep. 30, 2021

ACCOUNTS AND NOTES RECEIVABLE, NET

Trade accounts receivable are stated at the amount we expect to collect. We maintain allowances for doubtful accounts for estimated losses by applying historical loss percentages, combined with reasonable and supportable forecasts of future losses, to respective aging categories. Management considers the following factors in developing its current estimate of expected credit losses: customer credit-worthiness, past transaction history with the customer, current economic industry trends, changes in market or regulatory matters, and changes in customer payment terms, including the ongoing impacts from COVID-19.


	September 30, 2021		December 31, 2020
Accounts receivable - trade, net (1)	$	859.2	$	738.3
Notes receivable	23.2		30.3
Other (2)	167.7		101.2
Total	$	1,050.1	$	869.8

(1) Allowance for doubtful accounts was $24.5 million and $26.5 million at September 30, 2021 and December 31, 2020, respectively.

(2) Includes $48.7 million at September 30, 2021 of insurance recoveries related to the operational matter as discussed further in Note 6.

Bad debt expense of $0.4 million, $1.3 million, $2.4 million and $12.8 million was included within selling, general and administrative expenses for the three and nine months ended September 30, 2021 and 2020, respectively.