XML 41 R34.htm IDEA: XBRL DOCUMENT v3.24.3
Receivables (Tables)
9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Receivables

Receivables consisted of the following (in millions):

 

 

September 30,
2024

 

 

December 31,
2023

 

Trade receivables - U.S. government

 

$

89.8

 

 

$

67.7

 

Trade receivables - other

 

 

1,419.2

 

 

 

1,160.6

 

Other receivables

 

 

100.7

 

 

 

119.2

 

Total receivables, gross

 

 

1,609.7

 

 

 

1,347.5

 

Less allowance for doubtful accounts

 

 

(10.3

)

 

 

(7.4

)

Total receivables, net

 

$

1,599.4

 

 

$

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):

 

 

September 30,
2024

 

 

December 31,
2023

 

Current receivables

 

$

1,576.3

 

 

$

1,316.4

 

Non-current receivables

 

 

23.1

 

 

 

23.7

 

Total receivables, net

 

$

1,599.4

 

 

$

1,340.1

 

 

Schedule of Allowance for Doubtful Accounts

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

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Allowance at beginning of period

 

$

9.9

 

 

$

7.2

 

 

$

7.4

 

 

$

6.7

 

Acquisition of businesses

 

 

 

 

 

1.8

 

 

 

 

 

 

1.8

 

Provision for doubtful accounts, net of recoveries

 

 

0.4

 

 

 

(0.2

)

 

 

3.4

 

 

 

0.4

 

Charge-off of accounts

 

 

 

 

 

(0.8

)

 

 

(0.5

)

 

 

(0.9

)

Allowance at end of period

 

$

10.3

 

 

$

8.0

 

 

$

10.3

 

 

$

8.0