Quarterly report pursuant to Section 13 or 15(d)

Accounts and Notes Receivable

Accounts and Notes Receivable
6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Accounts and Notes Receivable ACCOUNTS AND NOTES RECEIVABLE
The following table presents accounts and note receivables, net:
June 30,
December 31,
Customer trade accounts receivables $ 70.9  $ 52.4 
Miscellaneous receivables (a)
8.6  9.0 
Less: allowance for product claims, discounts, returns and losses (20.6) (18.4)
Total accounts and notes receivable, net $ 58.9  $ 43.0 
(a) Miscellaneous receivables primarily relate to insurance receivables, the current portion of a distributor note receivable and tax claim receivables not included in Customer trade account receivable.

Allowance for product claims, which is a portion of the allowance for product claims, discounts, returns and losses, represents expected reimbursements for cost associated with warranty repairs and customer accommodation claims, the majority of which is provided to our independent distributors through credits against customer trade accounts receivable from the independent distributor to AFI.

The following table summarizes the activity for the allowance for product claims:
Six Months Ended
June 30,
2021 2020
Balance as of January 1 $ (10.3) $ (9.0)
Reductions for payments 4.5  3.3 
Current year claim accruals (4.6) (3.8)
Balance as of June 30 $ (10.4) $ (9.5)