Overview, Basis of Presentation and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

Summary of Current Expected Credit Loss Reserve

Transactions affecting the current expected credit loss (“CECL”) reserve during the three months ended March 31, 2023 and 2022 were as follows:


	March 31,
	2023			2022
Balance, beginning of year (a)	$	17.1		$	12.7
Provisions charged to expense		3.6			2.3
Write-offs, reclassifications and other		(2.6	)		(0.5	)
Balance, end of period (a)	$	18.1		$	14.5

(a)

As of March 31, 2023, the CECL reserve balance is comprised of a $17.2 million provision for accounts receivable and a $0.9 million provision for unbilled receivables and contract assets. As of December 31, 2022, the CECL reserve balance was comprised of a $16.5 million provision for accounts receivable and a $0.6 million provision for unbilled receivables and contract assets.

Components of Company's Property, Plant and Equipment

The components of the Company’s property, plant and equipment, net at March 31, 2023 and December 31, 2022 were as follows:


	March 31, 2023			December 31, 2022
Land	$	0.3		$	0.3
Buildings		20.2			20.2
Machinery and equipment		68.5			66.8
		89.0			87.3
Less: Accumulated depreciation		(70.8	)		(69.7	)
Total	$	18.2		$	17.6