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Receivables (Tables)
3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Schedule of Receivables

Receivables consisted of the following (in millions):

 

 

March 31,
2024

 

 

December 31,
2023

 

Trade receivables - U.S. government

 

$

101.4

 

 

$

67.7

 

Trade receivables - other

 

 

1,349.5

 

 

 

1,160.6

 

Finance receivables

 

 

7.3

 

 

 

7.6

 

Notes receivable

 

 

15.2

 

 

 

15.0

 

Other receivables

 

 

89.5

 

 

 

96.6

 

 

 

1,562.9

 

 

 

1,347.5

 

Less allowance for doubtful accounts

 

 

(7.2

)

 

 

(7.4

)

 

$

1,555.7

 

 

$

1,340.1

 

Classification of Receivables in the Condensed Consolidated Balance Sheets

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

 

 

March 31,
2024

 

 

December 31,
2023

 

Current receivables

 

$

1,533.0

 

 

$

1,316.4

 

Non-current receivables

 

22.7

 

 

23.7

 

 

 

$

1,555.7

 

 

$

1,340.1

 

Schedule of Allowance for Doubtful Accounts

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

 

 

Three Months Ended March 31, 2024

 

 

Three Months Ended March 31, 2023

 

 

 

Trade and
Other
Receivables

 

 

Finance
Receivables

 

 

Total

 

 

Trade and
Other
Receivables

 

 

Finance
Receivables

 

 

Total

 

Allowance at beginning of period

 

$

7.3

 

 

$

0.1

 

 

$

7.4

 

 

$

6.6

 

 

$

0.1

 

 

$

6.7

 

Provision for doubtful accounts, net of recoveries

 

 

0.3

 

 

 

 

 

 

0.3

 

 

 

0.3

 

 

 

0.1

 

 

 

0.4

 

Charge-off of accounts

 

 

(0.5

)

 

 

 

 

 

(0.5

)

 

 

 

 

 

 

 

 

 

Allowance at end of period

 

$

7.1

 

 

$

0.1

 

 

$

7.2

 

 

$

6.9

 

 

$

0.2

 

 

$

7.1