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Revenue (Tables)
6 Months Ended
Jun. 30, 2022
Revenue From Contract With Customer [Abstract]  
Schedule of Remaining Performance Obligations

The Company expects to recognize the remaining performance obligations as revenue in future periods as follows:

(millions) (unaudited)

 

Remaining

Performance

Obligations

 

2022

 

$

43.5

 

2023

 

 

62.0

 

2024

 

 

40.3

 

2025

 

 

20.5

 

2026

 

 

14.1

 

2027 and thereafter

 

 

10.0

 

Total

 

$

190.4

 

 

Schedule of Contract with Customer, Asset and Liabilities

The following table provides information about accounts receivable, contract assets and contract liabilities with customers and clients as of June 30, 2022 (unaudited) and December 31, 2021:

(millions)

 

June 30, 2022

 

 

December 31,

2021

 

Accounts receivable

 

$

153.1

 

 

$

137.3

 

Contract asset

 

 

 

 

 

2.3

 

Contract liability

 

 

(8.3

)

 

 

(15.7

)

 

 

The following table provides information about changes to contract assets during the six months ended June 30, 2022 and 2021 (unaudited):

 

 

 

Six Months Ended

 

(millions)

 

June 30, 2022

 

 

June 30, 2021

 

Balance, beginning of period

 

$

2.3

 

 

$

8.6

 

Additional contract assets

 

 

 

 

 

7.7

 

Reclassification to accounts receivable

 

 

(2.3

)

 

 

(8.6

)

Balance, end of period

 

$

 

 

$

7.7

 

 

The following table provides information about changes to contract liabilities during the six months ended June 30, 2022 and 2021 (unaudited):

 

 

 

Six Months Ended

 

(millions)

 

June 30, 2022

 

 

June 30, 2021

 

Balance, beginning of period

 

$

(15.7

)

 

$

(12.5

)

Additional contract liabilities

 

 

(8.3

)

 

 

(9.9

)

Recognition of revenue from contract liabilities

 

 

15.7

 

 

 

12.5

 

Balance, end of period

 

$

(8.3

)

 

$

(9.9

)

 

Schedule of Cost of Contracts Expense Cost of contracts expense related to service concession arrangements within the scope of Topic 853 and certain management type contracts are recorded as a reduction of revenue.  Cost of contracts expense during three and six months ended June 30, 2022 and 2021 (unaudited) was as follows:

 

 

 

Three Months Ended

 

Six Months Ended

 

(millions)

 

June 30, 2022

 

 

June 30, 2021

 

June 30, 2022

 

 

June 30, 2021

 

Cost of contracts expense

 

$

0.3

 

 

$

0.3

 

$

0.5

 

 

$

0.5