REVENUES (Tables)

6 Months Ended

Jun. 30, 2022

REVENUES

Schedule of operating lease revenue

	Second Quarter Ended				Six Months Ended
	June 30				June 30
(millions)	2022		2021		2022		2021
Operating lease revenue*		$115.2		$105.7		$227.3		$203.1

Schedule of principal activities, separated by reportable segments and geographic region

Net sales at public exchange rates by reportable segment are as follows:

	Second Quarter Ended				Six Months Ended
	June 30				June 30
(millions)	2022		2021		2022		2021
Global Industrial
Product and sold equipment		$1,471.4		$1,327.5		$2,829.8		$2,555.0
Service and lease equipment		218.5		217.0		425.8		420.5
Global Institutional & Specialty
Product and sold equipment		934.2		805.1		1,758.8		1,507.8
Service and lease equipment		193.0		170.9		375.4		325.6
Global Healthcare & Life Sciences
Product and sold equipment		360.2		272.9		694.2		536.0
Service and lease equipment		30.7		28.9		59.5		58.5
Other
Product and sold equipment		87.1		74.2		159.5		141.3
Service and lease equipment		251.6		231.3		475.6		434.9
Corporate
Product and sold equipment		33.9		34.7		68.6		67.7
Service and lease equipment		-		0.2		0.1		0.4
Total
Total product and sold equipment		$2,886.8		$2,514.4		$5,510.9		$4,807.8
Total service and lease equipment		$693.8		$648.3		$1,336.4		$1,239.9

Net sales at public exchange rates by geographic region for the second quarter ended June 30 are as follows:

	Global				Global Institutional				Global Healthcare
	Industrial				& Specialty				& Life Sciences				Other				Corporate
	2022		2021		2022		2021		2022		2021		2022		2021		2022		2021
North America		$776.6		$692.8		$828.1		$734.5		$157.7		$108.7		$214.9		$187.7		$30.3		$25.0
Europe		341.3		342.1		164.3		120.9		184.8		169.7		69.7		62.9		0.9		1.2
Asia Pacific		209.0		197.6		53.0		50.3		24.0		14.8		19.6		19.7		1.1		1.3
Latin America		156.0		134.3		41.5		31.1		4.7		2.0		13.1		12.7		1.6		6.2
Greater China		106.5		95.5		26.6		29.9		15.2		1.5		18.8		19.3		-		0.6
India, Middle East and Africa		100.5		82.2		13.7		9.3		4.5		5.1		2.6		3.2		-		0.6
Total		$1,689.9		$1,544.5		$1,127.2		$976.0		$390.9		$301.8		$338.7		$305.5		$33.9		$34.9

Net sales at public exchange rates by geographic region for the six months ended June 30 are as follows:

	Global				Global Institutional				Global Healthcare
	Industrial				& Specialty				& Life Sciences				Other				Corporate
(millions)	2022		2021		2022		2021		2022		2021		2022		2021		2022		2021
North America		$1,493.2		$1,329.2		$1,560.1		$1,357.2		$302.7		$207.4		$396.6		$348.5		$59.7		$47.7
Europe		654.8		655.2		301.0		228.2		358.1		345.3		131.8		120.7		1.5		1.8
Asia Pacific		414.1		387.0		105.7		101.6		43.0		25.5		36.2		37.8		2.1		2.7
Latin America		292.4		259.5		78.3		62.4		10.3		2.5		26.1		24.7		5.1		12.7
Greater China		216.7		189.8		64.4		66.1		29.7		2.7		39.1		38.2		0.1		1.2
India, Middle East and Africa		184.4		154.8		24.7		17.9		9.9		11.1		5.3		6.3		0.2		2.0
Total		$3,255.6		$2,975.5		$2,134.2		$1,833.4		$753.7		$594.5		$635.1		$576.2		$68.7		$68.1

Summarized activity in the allowance for doubtful accounts

	Six Months Ended
	June 30
(millions)	2022		2021
Beginning balance		$52.8		$68.4
Bad debt expense		24.8		7.1
Write-offs		(8.5)		(8.5)
Other (a)		3.8		(6.2)
Ending balance		$72.9		$60.8

(a) Other amounts are primarily the effects of changes in currency translations.

Schedule of contract liability

	Six Months Ended
	June 30
(millions)	2022		2021
Contract liability as of beginning of the year		$91.7		$80.4
Revenue recognized in the period from:
Amounts included in the contract liability at the beginning of the year		(91.7)		(80.4)
Increases due to billings excluding amounts recognized as revenue during the period ended		99.1		87.9
Contract liability as of end of period		$99.1		$87.9