v3.25.2
Overview, Basis of Presentation and Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Summary of Current Expected Credit Loss Reserve Transactions affecting the current expected credit loss (“CECL”) reserve during the six months ended June 30, 2025 and 2024 were as follows:

 

 

June 30,

 

 

 

2025

 

 

2024

 

Balance, beginning of year

 

$

25.0

 

 

$

18.9

 

Provisions charged to expense

 

 

4.8

 

 

 

10.1

 

Write-offs, reclassifications and other

 

 

(4.2

)

 

 

(4.5

)

Balance, end of period

 

$

25.6

 

 

$

24.5

 

 

The components of the CECL reserve balance at June 30, 2025 and December 31, 2024 were as follows:

 

 

June 30, 2025

 

 

December 31, 2024

 

Provision for accounts receivable

 

$

25.0

 

 

$

24.6

 

Provision for unbilled receivables and contract assets

 

 

0.6

 

 

 

0.4

 

Total

 

$

25.6

 

 

$

25.0

 

Components of Company's Property, Plant and Equipment The components of the Company’s property, plant and equipment, net at June 30, 2025 and December 31, 2024 were as follows:

 

 

June 30, 2025

 

 

December 31, 2024

 

Land

 

$

0.3

 

 

$

0.3

 

Buildings

 

 

15.1

 

 

 

15.1

 

Machinery and equipment

 

 

56.1

 

 

 

56.0

 

 

 

 

71.5

 

 

 

71.4

 

Less: Accumulated depreciation

 

 

(64.0

)

 

 

(62.5

)

Total

 

$

7.5

 

 

$

8.9