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Receivables Factoring
3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Receivables Factoring

NOTE 19 – RECEIVABLES FACTORING

The Company sells certain customer trade receivables on a non-recourse basis under factoring arrangements with designated financial institutions. These transactions are accounted for as sales and cash proceeds are included in cash provided by operating activities. Factoring arrangements incorporate customary representations and warranties, including representations as to validity of amounts due, completeness of performance obligations and absence of commercial disputes. During the three months ended March 31, 2019, the Company sold trade receivables totaling $111.7 million and incurred factoring fees of $0.4 million, which are included in other expense, net. The collective limit under our factoring arrangements is $80.5 million at any point in time. As of March 31, 2019, $65.9 million of receivables had been factored under the arrangements.