XML 37 R24.htm IDEA: XBRL DOCUMENT v3.24.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Reconciliation of Weighted-Average Outstanding Shares used in Calculations of Basic and Diluted EPS A reconciliation of the weighted-average outstanding shares used in the two calculations is as follows: 
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
 (In millions)
Weighted-average shares outstanding (basic)123.9 123.0 123.7 122.7 
Effect of dilutive securities: 
Stock options and restricted stock units1.3 0.9 1.2 0.9 
Weighted-average shares outstanding (diluted)125.2 123.9 124.9 123.6 
Rollforward of Allowance for Doubtful Accounts Below is a rollforward of our allowance for doubtful accounts for the three and nine months ended September 30, 2024 and 2023, respectively.
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In millions)
Allowance for doubtful accounts, beginning of period$16.7 $17.0 $16.7 $19.1 
Current period bad debt expense3.0 3.6 12.0 8.8 
Write-offs, net of recoveries(2.6)(2.3)(11.6)(9.6)
Allowance for doubtful accounts, end of period$17.1 $18.3 $17.1 $18.3 
Summary of Noncontrolling Interests Activities
The Company's redeemable noncontrolling interests activities for the three and nine months ended September 30, 2024 and 2023, respectively, are summarized as follows:

 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
 (In millions)
Redeemable noncontrolling interests, beginning of period$120.8 $— $135.1 $— 
Fair value of the redeemable noncontrolling interest at the acquisition date—176.4—176.4
Net income attributable to redeemable noncontrolling interest—0.90.20.9
Effect of foreign currency translation attributable to redeemable noncontrolling interest(0.3)(1.8)(14.8)(1.8)
Redeemable noncontrolling interests, end of period$120.5 $175.5 $120.5 $175.5