Accounts and Notes Receivable

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

Accounts and Notes Receivable

NOTE 6. ACCOUNTS AND NOTES RECEIVABLE

	September 30, 2023			December 31, 2022
Customer receivables	$	112.8		$	107.4
Miscellaneous receivables		7.0			8.2
Less allowance for warranties, discounts and losses		(3.1	)		(3.2	)
Accounts and notes receivable, net	$	116.7		$	112.4

We sell our products to select, pre-approved customers whose businesses are affected by changes in economic and market conditions. We consider these factors and the financial condition of each customer when establishing our allowance for losses from doubtful accounts.

As of December 31, 2022, miscellaneous receivables included $4.8 million of Employee Retention Credit (“ERC”) receivables representing a refundable payroll tax credit for eligible wages paid to our employees in 2020 and 2021 under the Coronavirus Aid, Relief, and Economic Recovery Act (“CARES Act”). During the first quarter of 2023, all outstanding ERC receivables were collected.