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Schedule II - Valuation and Qualifying Accounts | 12 Months Ended
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Dec. 31, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | Schedule II - VALUATION AND QUALIFYING ACCOUNTS
|  |  | Additions - |  |  |  |  |  |
| Balance at |  | Charged to |  | Acquisitions |  |  |  | Balance
| Beginning of |  | Costs and |  | and |  |  |  | At End of
| Period |  | Expenses |  | Disposals (a) |  | Deductions |  | Period
| (in millions)
Year Ended December 31, 2018: |  |  |  |  |  |  |  |  |
Allowance for credit losses(1) | $ | 7.0 |  |  | $ | 6.6 |  |  | $ | — |  |  | $ | 5.2 |  |  | $ | 8.4 |
Allowance for deferred taxes(3) | 180.4 |  |  | 12.9 |  |  | — |  |  | 10.0 |  |  | 183.3 |
Inventory valuation allowance(2) | 17.3 |  |  | 22.2 |  |  | — |  |  | 25.1 |  |  | 14.4 |
Year Ended December 31, 2019: |  |  |  |  |  |  |  |  |
Allowance for credit losses(1) | 8.4 |  |  | 13.2 |  |  | (0.8) |  |  | 12.8 |  |  | 8.0 |
Allowance for deferred taxes(4) | 183.3 |  |  | 25.4 |  |  | — |  |  | 12.7 |  |  | 196.0 |
Inventory valuation allowance(2) | 14.4 |  |  | 31.0 |  |  | 1.4 |  |  | 26.3 |  |  | 20.5 |
Year Ended December 31, 2020: |  |  |  |  |  |  |  |  |
Allowance for credit losses(1) | 8.0 |  |  | 7.0 |  |  | — |  |  | 10.5 |  |  | 4.5 |
Allowance for deferred taxes(5) | 196.0 |  |  | 19.8 |  |  | — |  |  | 7.8 |  |  | 208.0 |
Inventory valuation allowance(2) | 20.5 |  |  | 31.7 |  |  | — |  |  | 28.8 |  |  | 23.4 |
(a) Amounts represent reserves recognized in conjunction with our acquisition of Mitec as well as reserves derecognized in conjunction with the Casting Sale in 2019. (1)Uncollectible accounts charged off, net of recoveries. (2)Primarily relates to write-offs of excess and obsolete inventories, as well as adjustments for physical quantity discrepancies. (3)Primarily reflects a reduction in deferred tax assets at various foreign locations due to foreign currency translation. (4)Primarily reflects the reversal of a valuation allowance against certain deferred tax assets in foreign locations, as well as changes due to foreign currency translation. (5)Primarily reflects new net operating losses established with a corresponding valuation allowance at certain foreign locations, partially offset by adjustments to previously established valuation allowances and foreign currency translation.

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- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24092-122690 + Details
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- References No definition available. + Details
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