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Receivables (Tables)
9 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Schedule of Receivables

Receivables consisted of the following (in millions):

 

 

 

June 30,

2020

 

 

September 30,

2019

 

Trade receivables - U.S. government

 

$

154.7

 

 

$

61.8

 

Trade receivables - other

 

 

657.5

 

 

 

997.7

 

Finance receivables

 

 

46.5

 

 

 

13.1

 

Notes receivable

 

 

 

 

 

0.4

 

Other receivables

 

 

20.5

 

 

 

32.0

 

 

 

 

879.2

 

 

 

1,105.0

 

Less allowance for doubtful accounts

 

 

(11.1

)

 

 

(11.3

)

 

 

$

868.1

 

 

$

1,093.7

 

Classification of Receivables in the Condensed Consolidated Balance Sheets

Classification of receivables in the Condensed Consolidated Balance Sheets consisted of the following (in millions):

 

 

 

June 30,

2020

 

 

September 30,

2019

 

Current receivables

 

$

831.6

 

 

$

1,082.3

 

Long-term receivables

 

 

36.5

 

 

 

11.4

 

 

 

$

868.1

 

 

$

1,093.7

 

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 June 30, 2020

 

 

Three Months Ended June 30, 2019

 

 

 

Finance

 

 

Notes

 

 

Trade and Other

 

 

Total

 

 

Finance

 

 

Notes

 

 

Trade and Other

 

 

Total

 

Allowance at beginning of period

 

$

3.1

 

 

$

 

 

$

9.9

 

 

$

13.0

 

 

$

2.4

 

 

$

 

 

$

8.8

 

 

$

11.2

 

Provision for doubtful accounts, net of recoveries

 

 

0.1

 

 

 

 

 

 

(1.7

)

 

 

(1.6

)

 

 

(0.1

)

 

 

 

 

 

0.5

 

 

 

0.4

 

Charge-off of accounts

 

 

 

 

 

 

 

 

(0.3

)

 

 

(0.3

)

 

 

 

 

 

 

 

 

(0.1

)

 

 

(0.1

)

Allowance at end of period

 

$

3.2

 

 

$

 

 

$

7.9

 

 

$

11.1

 

 

$

2.3

 

 

$

 

 

$

9.2

 

 

$

11.5

 

 

 

 

Nine Months Ended June 30, 2020

 

 

Nine Months Ended June 30, 2019

 

 

 

Finance

 

 

Notes

 

 

Trade and Other

 

 

Total

 

 

Finance

 

 

Notes

 

 

Trade and Other

 

 

Total

 

Allowance at beginning of period

 

$

2.2

 

 

$

0.4

 

 

$

8.7

 

 

$

11.3

 

 

$

2.8

 

 

$

 

 

$

7.1

 

 

$

9.9

 

Provision for doubtful accounts, net of recoveries

 

 

1.0

 

 

 

 

 

 

(0.3

)

 

 

0.7

 

 

 

(0.5

)

 

 

 

 

 

2.3

 

 

 

1.8

 

Charge-off of accounts

 

 

 

 

 

(0.4

)

 

 

(0.5

)

 

 

(0.9

)

 

 

 

 

 

 

 

 

(0.2

)

 

 

(0.2

)

Allowance at end of period

 

$

3.2

 

 

$

 

 

$

7.9

 

 

$

11.1

 

 

$

2.3

 

 

$

 

 

$

9.2

 

 

$

11.5