Receivables (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Roll Forward of Allowance for Doubtful Trade Receivables

The following table displays a roll forward of the allowance for doubtful trade receivables.


(in Millions)
Balance, December 31, 2024	$	39.4
Additions - charged to expense	8.5
Transfer from (to) allowance for credit losses (see below)	(0.4)
Net recoveries, write-offs and other	(0.5)
India held for sale (See Note 1)	(3.7)
Balance, December 31, 2025	$	43.3
Additions - charged (credited) to expense (1)	42.9
Transfer from (to) allowance for credit losses (see below)	(0.6)
Net recoveries, write-offs and other	1.5
India held for sale (See Note 1)	0.5
Balance, September 30, 2026	$	87.6

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(1)Includes approximately $32 million of charges recorded to Cost of sales and services on our consolidated statement of income in connection certain receivables in Latin America as part of the commercial actions implemented during the third quarter of 2026.

Schedule of Roll Forward of Allowance for Credit Losses Related to Long-Term Customer Receivables

The following table displays a roll forward of the allowance for credit losses related to long-term customer receivables:


(in Millions)
Balance, December 31, 2024	$	21.3
Additions - charged (credited) to expense	9.0
Transfer from (to) allowance for doubtful accounts (see above)	0.4
Foreign currency adjustments	1.2
Net recoveries, write-offs and other	(0.4)
Balance, December 31, 2025	$	31.5
Additions - charged (credited) to expense(1)(2)	104.9
Transfer from (to) allowance for doubtful accounts (see above)	0.6
Foreign currency adjustments	—
Net recoveries, write-offs and other (1)(2)	(100.0)
Balance, September 30, 2026	$	37.0

____________________

(1)Includes approximately $5 million of charges recorded to Cost of sales and services on our consolidated statement of income in connection certain receivables in Latin America as part of the commercial actions implemented during the third quarter of 2026.

(2)Includes the charge and write-off of approximately $92.6 million of certain receivables recorded in connection with Project Foundation due to a change in our commercial strategy, primarily in Latin America. The charge was recorded as a component of Restructuring and other charges (income) on the consolidated statement of income (loss). Refer to Note 8 for further information.