Quarterly report pursuant to Section 13 or 15(d)

Accounts and Notes Receivable

v3.4.0.3
Accounts and Notes Receivable
3 Months Ended
Mar. 31, 2016
Receivables [Abstract]  
Accounts and Notes Receivable
ACCOUNTS AND NOTES RECEIVABLE
(Dollars in millions)
March 31, 2016
 
December 31, 2015
Customer receivables
$
114.4

 
$
85.1

Customer notes
0.7

 
0.8

Miscellaneous receivables
2.5

 
4.1

Less: allowance for warranties, discounts, and losses
(17.1
)
 
(17.8
)
Accounts and notes receivable, net
$
100.5

 
$
72.2


Generally, we sell our products to select, pre-approved customers whose businesses are affected by changes in economic and market conditions. We consider these factors and the financial condition of each customer when establishing our allowance for losses from doubtful accounts.
Allowances for warranties represents expected reimbursements for cost associated with warranty repairs provided to our independent distributors through a credit against accounts receivable from the distributor to AFI.