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Receivables (Tables)
12 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Schedule of Receivables

Receivables consisted of the following (in millions):

 

 

September 30,

 

 

 

2020

 

 

2019

 

Trade receivables - U.S. government

 

$

105.8

 

 

$

61.8

 

Trade receivables - other

 

 

734.0

 

 

 

997.7

 

Finance receivables

 

 

18.8

 

 

 

13.1

 

Notes receivable

 

 

 

 

 

0.4

 

Other receivables

 

 

17.1

 

 

 

32.0

 

 

 

 

875.7

 

 

 

1,105.0

 

Less allowance for doubtful accounts

 

 

(9.6

)

 

 

(11.3

)

 

 

$

866.1

 

 

$

1,093.7

 

 

Classification of Receivables in the Consolidated Balance Sheets

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

 

 

September 30,

 

 

 

2020

 

 

2019

 

Current receivables

 

$

857.6

 

 

$

1,082.3

 

Long-term receivables

 

 

8.5

 

 

 

11.4

 

 

 

$

866.1

 

 

$

1,093.7

 

 

Schedule of Finance and Notes Receivable Aging and Accrual Status

Finance and notes receivable accrual status consisted of the following (in millions):

 

 

September 30,

 

 

 

Finance Receivables

 

 

Notes Receivable

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Receivables on nonaccrual status

 

$

0.2

 

 

$

2.3

 

 

$

 

 

$

 

Receivables past due 90 days or more and still accruing

 

 

 

 

 

 

 

 

 

 

 

 

Receivables subject to general reserves

 

 

16.3

 

 

 

10.8

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

 

(0.4

)

 

 

(0.2

)

 

 

 

 

 

 

Receivables subject to specific reserves

 

 

2.5

 

 

 

2.3

 

 

 

 

 

 

0.4

 

Allowance for doubtful accounts

 

 

(2.3

)

 

 

(2.0

)

 

 

 

 

 

(0.4

)

 

Schedule of Allowance for Doubtful Accounts

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

 

 

Fiscal Year Ended September 30, 2020

 

 

 

Finance

Receivables

 

 

Notes

Receivable

 

 

Trade and

Other

Receivables

 

 

Total

 

Allowance for doubtful accounts at beginning of year

 

$

2.2

 

 

$

0.4

 

 

$

8.7

 

 

$

11.3

 

Provision for doubtful accounts, net of recoveries

 

 

0.5

 

 

 

 

 

 

(1.1

)

 

 

(0.6

)

Charge-off of accounts

 

 

 

 

 

(0.4

)

 

 

(0.7

)

 

 

(1.1

)

Allowance for doubtful accounts at end of year

 

$

2.7

 

 

$

 

 

$

6.9

 

 

$

9.6

 

 

 

 

Fiscal Year Ended September 30, 2019

 

 

 

Finance

Receivables

 

 

Notes

Receivable

 

 

Trade and

Other

Receivables

 

 

Total

 

Allowance for doubtful accounts at beginning of year

 

$

2.8

 

 

$

 

 

$

7.1

 

 

$

9.9

 

Provision for doubtful accounts, net of recoveries

 

 

(0.6

)

 

 

0.4

 

 

 

2.0

 

 

 

1.8

 

Charge-off of accounts

 

 

 

 

 

 

 

 

(0.4

)

 

 

(0.4

)

Allowance for doubtful accounts at end of year

 

$

2.2

 

 

$

0.4

 

 

$

8.7

 

 

$

11.3