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Receivables
6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Receivables

9. Receivables

Receivables consisted of the following (in millions):

 

 

June 30,
2025

 

 

December 31,
2024

 

Trade receivables - U.S. government

 

$

93.8

 

 

$

110.4

 

Trade receivables - other

 

 

1,361.0

 

 

 

1,091.3

 

Other receivables

 

 

94.0

 

 

 

85.9

 

Total receivables, gross

 

 

1,548.8

 

 

 

1,287.6

 

Less allowance for doubtful accounts

 

 

(5.8

)

 

 

(5.7

)

Total receivables, net

 

$

1,543.0

 

 

$

1,281.9

 

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

 

 

June 30,
2025

 

 

December 31,
2024

 

Current receivables

 

$

1,511.9

 

 

$

1,254.7

 

Non-current receivables

 

 

31.1

 

 

 

27.2

 

Total receivables, net

 

$

1,543.0

 

 

$

1,281.9

 

 

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

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Allowance at beginning of period

 

$

5.8

 

 

$

7.2

 

 

$

5.7

 

 

$

7.4

 

Provision for doubtful accounts, net of recoveries

 

 

0.1

 

 

 

2.7

 

 

 

0.3

 

 

 

3.0

 

Charge-off of accounts

 

 

(0.2

)

 

 

 

 

 

(0.3

)

 

 

(0.5

)

Foreign currency translation

 

 

0.1

 

 

 

 

 

 

0.1

 

 

 

 

Allowance at end of period

 

$

5.8

 

 

$

9.9

 

 

$

5.8

 

 

$

9.9