REVENUES (Tables)

6 Months Ended

Jun. 30, 2023

REVENUES

Schedule of operating lease revenue

	Second Quarter Ended				Six Months Ended
	June 30				June 30
(millions)	2023		2022		2023		2022
Operating lease revenue*		$128.7		$115.2		$255.1		$227.3

Schedule of principal activities, separated by reportable segments and geographic region

Net sales at public exchange rates by reportable segment are as follows:

	Second Quarter Ended				Six Months Ended
	June 30				June 30
(millions)	2023		2022		2023		2022
Global Industrial
Product and sold equipment		$1,587.8		$1,471.4		$3,086.0		$2,829.8
Service and lease equipment		220.7		218.5		431.9		425.8
Global Institutional & Specialty
Product and sold equipment		1,047.2		936.3		1,968.0		1,763.3
Service and lease equipment		225.0		193.0		433.0		375.4
Global Healthcare & Life Sciences
Product and sold equipment		363.9		360.2		716.5		694.2
Service and lease equipment		26.9		30.7		54.0		59.5
Other
Product and sold equipment		89.2		85.0		170.2		155.0
Service and lease equipment		274.7		251.6		523.7		475.6
Corporate
Product and sold equipment		16.7		33.9		40.4		68.6
Service and lease equipment		-		-		-		0.1
Total
Total product and sold equipment		$3,104.8		$2,886.8		$5,981.1		$5,510.9
Total service and lease equipment		$747.3		$693.8		$1,442.6		$1,336.4

Net sales at public exchange rates by geographic region for the second quarter ended June 30 are as follows:

	Global				Global Institutional				Global Healthcare
	Industrial				& Specialty				& Life Sciences				Other				Corporate
	2023		2022		2023		2022		2023		2022		2023		2022		2023		2022
North America		$814.7		$776.6		$933.8		$828.1		$156.4		$157.6		$232.3		$214.9		$12.4		$30.3
Europe		382.4		341.3		174.7		164.3		186.1		180.7		74.1		69.7		1.3		0.9
Asia Pacific		222.2		209.0		58.4		53.0		22.6		24.4		23.0		19.6		0.8		1.1
Latin America		181.0		156.0		47.6		41.5		6.6		5.3		14.2		13.1		2.2		1.6
Greater China		101.0		106.5		40.5		28.7		12.9		17.0		18.0		16.7		-		-
India, Middle East and Africa		107.2		100.5		17.2		13.7		6.2		5.9		2.3		2.6		-		-
Total		$1,808.5		$1,689.9		$1,272.2		$1,129.3		$390.8		$390.9		$363.9		$336.6		$16.7		$33.9

Net sales at public exchange rates by geographic region for the six months ended June 30 are as follows:

	Global				Global Institutional				Global Healthcare
	Industrial				& Specialty				& Life Sciences				Other				Corporate
(millions)	2023		2022		2023		2022		2023		2022		2023		2022		2023		2022
North America		$1,605.4		$1,493.2		$1,767.7		$1,560.1		$320.3		$302.6		$442.6		$396.6		$33.1		$59.7
Europe		731.2		654.8		321.2		301.0		360.5		350.8		141.3		131.8		2.0		1.5
Asia Pacific		436.5		414.1		115.2		105.7		42.3		44.4		43.2		36.2		1.8		2.1
Latin America		338.2		292.4		88.9		78.3		12.3		11.2		27.8		26.1		3.5		5.1
Greater China		195.6		216.7		76.1		68.9		23.7		31.8		34.3		34.6		-		0.1
India, Middle East and Africa		211.0		184.4		31.9		24.7		11.4		12.9		4.7		5.3		-		0.2
Total		$3,517.9		$3,255.6		$2,401.0		$2,138.7		$770.5		$753.7		$693.9		$630.6		$40.4		$68.7

Summarized activity in the allowance for doubtful accounts

	Six Months Ended
	June 30
(millions)	2023		2022
Beginning balance		$71.9		$52.8
Bad debt expense		32.5		24.8
Write-offs		(18.6)		(8.5)
Other (a)		(2.0)		3.8
Ending balance		$83.8		$72.9

(a) Other amounts are primarily the effects of changes in currency translations.

Schedule of contract liability

	Six Months Ended
	June 30
(millions)	2023		2022
Contract liability as of beginning of the year		$116.5		$91.7
Revenue recognized in the period from:
Amounts included in the contract liability at the beginning of the year		(116.5)		(91.7)
Increases due to billings excluding amounts recognized as revenue during the period ended		107.4		99.1
Contract liability as of end of period		$107.4		$99.1