Trade and Other Receivables

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Trade and Other Receivables

13. Trade and Other Receivables

The Company generally has possession of assets or asset titles collateralizing a significant portion of trade receivables

	December 31, 2023		December 31, 2022
Advanced charges receivable	$	374.7	$	—
Trade accounts receivable	315.8		143.8
Consumption taxes receivable	21.1		31.2
Loans receivable	21.8		8.0
Other receivables	4.5		3.5
Trade and other receivables, gross	737.9		186.5
Less: allowance for credit losses	(6.4)		(3.3)
Trade and other receivables, net	$	731.5	$	183.2

Trade receivables are generally secured by the equipment that they relate to as it is Company policy that equipment is not released until payment has been collected. Trade receivables are due for settlement within seven days of the date of sale, after which they are interest bearing. Consumption taxes receivable are deemed fully recoverable unless disputed by the relevant tax authority. Other receivables are unsecured and non-interest bearing.

The following table presents the activity in the allowance for expected credit losses on trade receivables and loans receivables for the period ended December 31, 2023:

Balance at December 31, 2022	$	3.3
Current period provision	5.9
Write-offs charged against the allowance	(2.8)
Balance at December 31, 2023	$	6.4