Accounts Receivable

6 Months Ended

Jun. 30, 2024

All trade receivables are reported on our Condensed Consolidated Balance Sheets at the outstanding principal amount adjusted for any allowance for credit losses and write-offs, net of recoveries. We record an allowance for credit losses, reducing our receivables balance to an amount we estimate is collectible from our customers. Estimates used in determining the allowance for credit losses are based on current trends, aging of accounts receivable, periodic credit evaluations of our customers’ financial condition, and historical collection experience as well as reasonable and supportable forecasts of future economic conditions. Write-offs are recorded at the time all collection efforts have been exhausted. We generally do not require collateral. We review our allowance for credit losses on a quarterly basis.

Activity related to our allowance for credit losses is summarized as follows for the six months ended June 30, 2024:


In millions	June 30, 2024
Beginning balance	$	11.2


Write-offs, net of recoveries	(1.0)
Other (1)	0.4
Ending balance	$	10.6
(1) Other amounts are primarily the effects of changes in currency translation and the impact of allowance for credits.