Accounts Receivable, Trade

12 Months Ended

Dec. 31, 2014

Accounts Receivable, Trade [Abstract]

Accounts Receivable, Trade

9. Factoring of Accounts Receivable

In certain foreign locations, we use non-recourse factoring arrangements with third party financial institutions to manage our working capital and cash flows. Under this program, we sell receivables to a financial institution for cash at a discount to the face amount. As part of the factoring arrangements, we perform certain collection and administrative functions for the receivables sold. For the year ended December 31, 2014 and 2013, we sold accounts receivable totaling $340.0 million and $130.2 million, respectively, for a discount, plus fees, of $1.5 million and $0.6 million, respectively.