v3.26.1
Receivables
3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Receivables

8. Receivables

Receivables consisted of the following (in millions):

 

 

March 31,
2026

 

 

December 31,
2025

 

Trade receivables - U.S. government

 

$

136.7

 

 

$

127.7

 

Trade receivables - other

 

 

1,246.2

 

 

 

1,226.5

 

Finance receivables

 

 

40.9

 

 

 

42.3

 

Other receivables

 

 

121.5

 

 

 

103.4

 

Total receivables, gross

 

 

1,545.3

 

 

 

1,499.9

 

Less allowance for doubtful accounts

 

 

(5.0

)

 

 

(5.1

)

Total receivables, net

 

$

1,540.3

 

 

$

1,494.8

 

 

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

 

 

March 31,
2026

 

 

December 31,
2025

 

Current receivables

 

$

1,503.2

 

 

$

1,456.1

 

Non-current receivables

 

 

37.1

 

 

 

38.7

 

Total receivables, net

 

$

1,540.3

 

 

$

1,494.8

 

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

 

 

Three Months Ended
March 31,

 

 

 

2026

 

 

2025

 

Allowance at beginning of period

 

$

5.1

 

 

$

5.7

 

Provision for doubtful accounts, net of recoveries

 

 

0.2

 

 

 

0.2

 

Charge-off of accounts

 

 

(0.3

)

 

 

(0.1

)

Allowance at end of period

 

$

5.0

 

 

$

5.8