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Receivables
6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Receivables

9. Receivables

Receivables consisted of the following (in millions):

 

 

June 30,
2024

 

 

December 31,
2023

 

Trade receivables - U.S. government

 

$

98.0

 

 

$

67.7

 

Trade receivables - other

 

 

1,441.1

 

 

 

1,160.6

 

Other receivables

 

 

114.4

 

 

 

119.2

 

Total receivables, gross

 

 

1,653.5

 

 

 

1,347.5

 

Less allowance for doubtful accounts

 

 

(9.9

)

 

 

(7.4

)

Total receivables, net

 

$

1,643.6

 

 

$

1,340.1

 

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

 

 

June 30,
2024

 

 

December 31,
2023

 

Current receivables

 

$

1,619.9

 

 

$

1,316.4

 

Non-current receivables

 

 

23.7

 

 

 

23.7

 

Total receivables, net

 

$

1,643.6

 

 

$

1,340.1

 

 

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

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Allowance at beginning of period

 

$

7.2

 

 

$

7.1

 

 

$

7.4

 

 

$

6.7

 

Provision for doubtful accounts, net of recoveries

 

 

2.7

 

 

 

0.2

 

 

 

3.0

 

 

 

0.6

 

Charge-off of accounts

 

 

 

 

 

(0.1

)

 

 

(0.5

)

 

 

(0.1

)

Allowance at end of period

 

$

9.9

 

 

$

7.2

 

 

$

9.9

 

 

$

7.2