RECEIVABLES (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Financing Receivable Credit Quality Indicators

The table below summarizes the amortized cost basis of financial assets by years of origination and credit quality. The key credit quality indicator is updated as of June 30, 2022.


(In millions)	Year of origination	Balance as of June 30, 2022		Balance as of December 31, 2021
Loans receivables, security deposits and other
Moody’s rating A3 - Baa2	2020 -2022	$	55.5	$	50.9

Debt securities at amortized cost
Moody’s rating Caa1	2021	24.8		24.0
Total financial assets		$	80.3	$	74.9

Schedule of Financing Receivable, Allowance for Credit Loss

The table below shows the roll-forward of allowance for credit losses as of June 30, 2022 and 2021, respectively.


	Balance as of June 30, 2022
(In millions)	Trade receivables		Contract assets		Loans receivable		Security deposit and other		Held-to-maturity debt securities
Allowance for credit losses at December 31, 2021	$	38.1	$	1.1	$	0.3	$	0.3	$	2.7
Current period provision (release) for expected credit losses	1.2		0.1		0.2		(0.3)		(1.0)

Recoveries	(2.1)		—		—		—		—
Allowance for credit losses at June 30, 2022	$	37.2	$	1.2	$	0.5	$	—	$	1.7


	Balance as of June 30, 2021
(In millions)	Trade receivables		Contract assets		Loans receivable		Security deposit and other		Held-to-maturity debt securities
Allowance for credit losses at December 31, 2020	$	40.2	$	2.4	$	7.5	$	0.4	$	0.5
Current period provision (release) for expected credit losses	3.4		(0.6)		(0.7)		—		—

Recoveries	(0.1)		(1.6)		0.5		—		—
Allowance for credit losses at June 30, 2021	$	43.5	$	0.2	$	7.3	$	0.4	$	0.5