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Certain Balance Sheet Components
12 Months Ended
Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]  
Certain Balance Sheet Components Certain Balance Sheet Components
A summary of accounts receivable from contracts with customers is as follows:
Accounts receivable, net
In thousandsDecember 31, 2022December 31, 2021
Trade receivables (net of allowance of $4,863 and $5,730)
$249,771 $261,124 
Unbilled receivables30,664 37,335 
Total accounts receivable, net
$280,435 $298,459 

Allowance for credit losses account activityYear Ended December 31,
In thousands202220212020
Beginning balance$5,730 $1,312 $3,064 
Provision for (release of) doubtful accounts, net(258)4,636 (299)
Accounts written-off(492)(107)(1,463)
Effect of change in exchange rates(117)(111)10 
Ending balance$4,863 $5,730 $1,312 

Inventories
In thousandsDecember 31, 2022December 31, 2021
Raw materials
$182,118 $122,434 
Work in process
8,386 7,856 
Finished goods
38,197 35,509 
Total inventories
$228,701 $165,799 
Property, plant, and equipment, net
In thousandsDecember 31, 2022December 31, 2021
Machinery and equipment
$306,699 $314,502 
Computers and software
119,670 111,540 
Buildings, furniture, and improvements
130,301 131,764 
Land
8,566 8,952 
Construction in progress, including purchased equipment
19,403 39,527 
Total cost
584,639 606,285 
Accumulated depreciation
(444,516)(443,101)
Property, plant, and equipment, net
$140,123 $163,184 

Depreciation expenseYear Ended December 31,
In thousands202220212020
Depreciation expense
$41,046 $48,352 $52,579 

On November, 2, 2021, Itron entered into an agreement to sell certain Gas product lines from our Device Solutions manufacturing and business operations in Europe and North America to Dresser Utility Solutions (Dresser). The asset disposal group, which included $0.8 million of accounts receivable, $15.4 million of inventories, and $12.0 million of property, plant, and equipment, was classified as held for sale during the fourth quarter of 2021. The disposal group was removed from the balance sheet when the transaction closed on February 28, 2022. Refer to Note 18: Sale of Businesses for additional information on the transaction.