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Receivables
12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Receivables

8. Receivables

Receivables consisted of the following (in millions):

 

 

December 31,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2021

 

Trade receivables - U.S. government

 

$

135.3

 

 

$

140.7

 

 

$

133.5

 

Trade receivables - other

 

 

979.5

 

 

 

797.5

 

 

 

849.2

 

Finance receivables

 

 

7.3

 

 

 

8.0

 

 

 

6.4

 

Other receivables

 

 

53.3

 

 

 

40.0

 

 

 

39.3

 

 

 

 

1,175.4

 

 

 

986.2

 

 

 

1,028.4

 

Less allowance for doubtful accounts

 

 

(6.7

)

 

 

(4.2

)

 

 

(3.6

)

 

 

$

1,168.7

 

 

$

982.0

 

 

$

1,024.8

 

 

Classification of receivables in the Consolidated Balance Sheets consisted of the following (in millions):

 

 

December 31,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2021

 

Current receivables

 

$

1,162.0

 

 

$

973.4

 

 

$

1,017.3

 

Long-term receivables

 

 

6.7

 

 

 

8.6

 

 

 

7.5

 

 

 

$

1,168.7

 

 

$

982.0

 

 

$

1,024.8

 

Changes in the Company’s allowance for doubtful accounts by type of receivable were as follows (in millions):

 

 

Year Ended December 31, 2022

 

 

 

Finance
Receivables

 

 

Trade and
Other
Receivables

 

 

Total

 

Allowance for doubtful accounts at beginning of period

 

$

0.5

 

 

$

3.7

 

 

$

4.2

 

Provision for doubtful accounts, net of recoveries

 

 

(0.3

)

 

 

3.3

 

 

 

3.0

 

Charge-off of accounts

 

 

(0.1

)

 

 

(0.4

)

 

 

(0.5

)

Allowance for doubtful accounts at end of period

 

$

0.1

 

 

$

6.6

 

 

$

6.7

 

 

 

 

Three Months Ended December 31, 2021

 

 

 

Finance
Receivables

 

 

Trade and
Other
Receivables

 

 

Total

 

Allowance for doubtful accounts at beginning of period

 

$

0.6

 

 

$

3.0

 

 

$

3.6

 

Provision for doubtful accounts, net of recoveries

 

 

(0.1

)

 

 

0.7

 

 

 

0.6

 

Charge-off of accounts

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts at end of period

 

$

0.5

 

 

$

3.7

 

 

$

4.2

 

 

 

 

Year Ended September 30, 2021

 

 

 

Finance
Receivables

 

 

Trade and
Other
Receivables

 

 

Total

 

Allowance for doubtful accounts at beginning of period

 

$

2.7

 

 

$

6.9

 

 

$

9.6

 

Provision for doubtful accounts, net of recoveries

 

 

(2.1

)

 

 

(3.4

)

 

 

(5.5

)

Charge-off of accounts

 

 

 

 

 

(0.5

)

 

 

(0.5

)

Allowance for doubtful accounts at end of period

 

$

0.6

 

 

$

3.0

 

 

$

3.6