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Receivables (Tables)
3 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Schedule of receivables
Receivables consisted of the following (in millions):
 
December 31,
 
September 30,
 
2016
 
2016
U.S. government:
 
 
 
Amounts billed
$
50.8

 
$
49.0

Costs and profits not billed
65.5

 
55.3

 
116.3

 
104.3

Other trade receivables
545.9

 
881.8

Finance receivables
46.3

 
7.6

Notes receivable
35.1

 
36.1

Other receivables
33.0

 
38.6

 
776.6

 
1,068.4

Less allowance for doubtful accounts
(20.2
)
 
(21.2
)
 
$
756.4

 
$
1,047.2

Classification of receivables in the consolidated balance sheets
Classification of receivables in the Condensed Consolidated Balance Sheets consisted of the following (in millions):
 
December 31,
 
September 30,
 
2016
 
2016
Current receivables
$
699.0

 
$
1,021.9

Long-term receivables (included in “Other long-term assets”)
57.4

 
25.3

 
$
756.4

 
$
1,047.2


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, 2016
 
September 30, 2016
 
December 31, 2016
 
September 30, 2016
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
2.6

 
2.9

 
0.2

 

 
 
 
 
 
 
 
 
Receivables on nonaccrual status
4.4

 
4.5

 
23.4

 
25.1

Receivables past due 90 days or more and still accruing

 

 

 

 
 
 
 
 
 
 
 
Receivables subject to general reserves
41.9

 
3.1

 

 

Allowance for doubtful accounts
(0.7
)
 
(0.1
)
 

 

Receivables subject to specific reserves
4.4

 
4.5

 
35.1

 
36.1

Allowance for doubtful accounts
(1.4
)
 
(0.9
)
 
(11.6
)
 
(13.0
)
Schedule of allowance for doubtful accounts
Changes in the Company’s allowance for doubtful accounts by type of receivable were as follows (in millions):
 
Three Months Ended December 31, 2016
 
Finance Receivables
 
Notes Receivable
 
Trade and Other Receivables
 
Total
Allowance for doubtful accounts at beginning of period
$
1.0

 
$
13.0

 
$
7.2

 
$
21.2

Provision for doubtful accounts, net of recoveries
1.1

 
(0.6
)
 
(0.5
)
 

Charge-off of accounts

 
(0.1
)
 
(0.2
)
 
(0.3
)
Foreign currency translation

 
(0.7
)
 

 
(0.7
)
Allowance for doubtful accounts at end of period
$
2.1

 
$
11.6

 
$
6.5

 
$
20.2


 
Three Months Ended December 31, 2015
 
Finance Receivables
 
Notes Receivables
 
Trade and Other Receivables
 
Total
Allowance for doubtful accounts at beginning of period
$
0.1

 
$
12.7

 
$
7.5

 
$
20.3

Provision for doubtful accounts, net of recoveries

 
0.2

 
(1.1
)
 
(0.9
)
Charge-off of accounts

 

 
(0.3
)
 
(0.3
)
Foreign currency translation

 
(0.3
)
 

 
(0.3
)
Allowance for doubtful accounts at end of period
$
0.1

 
$
12.6

 
$
6.1

 
$
18.8