REVENUES FROM CONTRACTS WITH CUSTOMERS

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

REVENUES FROM CONTRACTS WITH CUSTOMERS

REVENUES FROM CONTRACTS WITH CUSTOMERS

The Company provides RWCS, which provide collection and processing of regulated and specialized waste, including medical, pharmaceutical and hazardous waste, for disposal and compliance programs and SID services, which provide for the collection of personal and confidential information for secure destruction and recycling of shredded paper. 

The Company’s customers typically enter into a contract for the provision of services on a regular and scheduled basis, e.g., weekly, monthly or on an as needed basis over the contract term, e.g. one-time service. Under the contract terms, the Company receives fees based on a monthly, quarterly or annual rate and/or fees based on contractual rates depending upon measures including the volume, weight, and type of waste, number and size of containers collected, and weight and type of shredded paper.

Amounts are invoiced based on the terms of the underlying contract either on a regular basis, e.g., monthly or quarterly, or as services are performed and are generally due within a short period of time after invoicing based upon normal terms and conditions for our business type and the geography of the services performed.

Disaggregation of Revenue

The following table presents revenues disaggregated by service and reportable segments:

In millions
	Year Ended Year Ended December 31,
	2022		2021		2020
Revenue by Service
Regulated Waste and Compliance Services	$	1,798.2	$	1,854.0	$	1,930.2
Secure Information Destruction Services	906.5		792.9		745.3
Total Revenues	$	2,704.7	$	2,646.9	$	2,675.5
North America
Regulated Waste and Compliance Services	$	1,468.8	$	1,457.5	$	1,541.9
Secure Information Destruction Services	794.3		679.0		647.3
Total North America Segment	$	2,263.1	$	2,136.5	$	2,189.2
International
Regulated Waste and Compliance Services	$	329.4	$	396.5	$	388.3
Secure Information Destruction Services	112.2		113.9		98.0
Total International Segment	$	441.6	$	510.4	$	486.3

Contract Liabilities

Contract liabilities at December 31, 2022, and 2021, were $7.9 million and $9.0 million, respectively. Substantially all of the contract liabilities as of December 31, 2022, are expected to be recognized in Revenues, as the amounts are earned, which will be over the next 12 months. Substantially all of the balance as of December 31, 2021, was recognized as revenue during the year ended December 31, 2022.

Contract Acquisition Costs

The Company’s incremental direct costs of obtaining a contract, which consist primarily of sales incentives, are deferred and amortized to SG&A over a weighted average estimated period of benefit of 6.5 years.

During the year ended December 31, 2022, 2021, and 2020 the Company amortized to SG&A $13.9 million, $12.7 million, and $10.6 million, respectively.

Total contract acquisition costs, net of accumulated amortization, were classified as follows:

In millions
	Year Ended December 31,
	2022		2021
Other current assets	$	14.2	$	12.4
Other assets	40.5		34.3
Total contract acquisition costs	$	54.7	$	46.7