XML 42 R30.htm IDEA: XBRL DOCUMENT v2.4.1.9
Receivables (Tables)
3 Months Ended
Dec. 31, 2014
Receivables [Abstract]  
Schedule of receivables
Receivables consisted of the following (in millions):
 
December 31,
 
September 30,
 
2014
 
2014
U.S. government:
 
 
 
Amounts billed
$
57.8

 
$
80.4

Costs and profits not billed
16.5

 
21.3

 
74.3

 
101.7

Other trade receivables
699.4

 
848.9

Finance receivables
1.8

 
2.0

Notes receivable
21.8

 
25.6

Other receivables
37.6

 
34.0

 
834.9

 
1,012.2

Less allowance for doubtful accounts
(21.2
)
 
(21.8
)
 
$
813.7

 
$
990.4

Classification of receivables in the Consolidated Balance Sheets
Condensed Consolidated Balance Sheets consisted of the following (in millions):
 
December 31,
 
September 30,
 
2014
 
2014
Current receivables
$
799.5

 
$
974.9

Long-term receivables
14.2

 
15.5

 
$
813.7

 
$
990.4


Finance and notes receivable agin
Schedule of finance and notes receivable aging and accrual status
Finance and notes receivable aging and accrual status consisted of the following (in millions):
 
Finance Receivables
 
Notes Receivable
 
December 31, 2014
 
September 30, 2014
 
December 31, 2014
 
September 30, 2014
Aging of receivables that are past due:
 

 
 

 
 

 
 

Greater than 30 days and less than 60 days
$

 
$

 
$

 
$

Greater than 60 days and less than 90 days

 

 

 

Greater than 90 days

 

 

 
2.2

 
 
 
 
 
 
 
 
Receivables on nonaccrual status
1.3

 
1.3

 
20.5

 
18.3

Receivables past due 90 days or more and still accruing

 

 

 

 
 
 
 
 
 
 
 
Receivables subject to general reserves
0.5

 
0.7

 

 

Allowance for doubtful accounts

 

 

 

Receivables subject to specific reserves
1.3

 
1.3

 
21.8

 
25.6

Allowance for doubtful accounts

 

 
(13.1
)
 
(13.6
)
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]
Changes in the Company’s allowance for doubtful accounts by type of receivable were as follows (in millions):
 
Three Months Ended December 31, 2014
 
Finance
 
Notes
 
Trade and Other
 
Total
Allowance for doubtful accounts at beginning of period
$

 
$
13.6

 
$
8.2

 
$
21.8

Provision for doubtful accounts, net of recoveries

 

 
(0.2
)
 
(0.2
)
Charge-off of accounts

 

 
0.1

 
0.1

Foreign currency translation

 
(0.5
)
 

 
(0.5
)
Allowance for doubtful accounts at end of period
$

 
$
13.1

 
$
8.1

 
$
21.2

 
Three Months Ended December 31, 2013
 
Finance
 
Notes
 
Trade and Other
 
Total
Allowance for doubtful accounts at beginning of period
$

 
$
11.0

 
$
9.4

 
$
20.4

Provision for doubtful accounts, net of recoveries
0.1

 

 

 
0.1

Charge-off of accounts

 

 

 

Foreign currency translation

 

 

 

Allowance for doubtful accounts at end of period
$
0.1

 
$
11.0

 
$
9.4

 
$
20.5