Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.24.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Reconciliation of Weighted-Average Outstanding Shares used in Calculations of Basic and Diluted EPS A reconciliation of the weighted-average outstanding shares used in the two calculations is as follows: 
  Three Months Ended June 30, Six Months Ended June 30,
  2024 2023 2024 2023
  (In millions)
Weighted-average shares outstanding (basic) 123.7  122.7  123.6  122.6 
Effect of dilutive securities:  
Stock options and restricted stock units 1.1  1.1  1.1  1.1 
Weighted-average shares outstanding (diluted) 124.8  123.8  124.7  123.7 
Rollforward of Allowance for Doubtful Accounts Below is a rollforward of our allowance for doubtful accounts for the three and six months ended June 30, 2024 and 2023, respectively.
Three Months Ended June 30, Six Months Ended June 30,
2024 2023 2024 2023
(In millions)
Allowance for doubtful accounts, beginning of period $ 16.4  $ 20.1  $ 16.7  $ 19.1 
Current period bad debt expense 4.4  1.7  9.0  5.2 
Write-offs, net of recoveries (4.1) (4.8) (9.0) (7.3)
Allowance for doubtful accounts, end of period $ 16.7  $ 17.0  $ 16.7  $ 17.0 
Summary of Noncontrolling Interests Activities
The Company's redeemable noncontrolling interests activities for the three and six months ended June 30, 2024 are summarized as follows:

Three Months Ended June 30, Six Months Ended June 30,
Redeemable noncontrolling interests:
2024 2024
(In millions)
Redeemable noncontrolling interests, beginning of period $ 131.6  $ 135.1 
Net income attributable to redeemable noncontrolling interest 0.2  0.3 
Effect of foreign currency translation attributable to redeemable noncontrolling interest (11.0) (14.6)
Redeemable noncontrolling interests, end of period $ 120.8  $ 120.8