3. REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregated Net Sales See Note 6 for the presentation of net sales by segment and geographic region. Allowance for Doubtful Accounts
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Allowance for doubtful accounts, beginning of period |
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$ |
0.4 |
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$ |
2.1 |
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$ |
1.2 |
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$ |
1.4 |
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Provision (benefit) |
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0.1 |
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(1.6 |
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(0.7 |
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(1.1 |
) |
Foreign exchange and other |
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— |
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0.1 |
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— |
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0.3 |
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Allowance for doubtful accounts, end of period |
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$ |
0.5 |
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$ |
0.6 |
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$ |
0.5 |
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$ |
0.6 |
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Customer Contract Balances The following table provides the balance sheet location and amounts of contract assets, or unbilled accounts receivable, and contract liabilities, or deferred revenue, from contracts with customers:
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Contract Balance Type |
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Balance Sheet Location |
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June 30,
2026 |
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December 31,
2025 |
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Unbilled accounts receivable |
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Accounts receivable, net of allowance
for doubtful accounts |
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$ |
11.5 |
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$ |
9.3 |
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Deferred revenue – current |
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Accrued and other liabilities |
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$ |
37.8 |
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$ |
18.5 |
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Deferred revenue – noncurrent |
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Other noncurrent liabilities |
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1.8 |
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1.4 |
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Total contract liabilities |
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$ |
39.6 |
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$ |
19.9 |
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