XML 42 R27.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Schedule II - Valuation and Qualifying Accounts | 12 Months Ended
--- | ---
Dec. 31, 2023
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, 2021: |  |  |  |  |  |  |  |  |
Allowance for credit losses(1) | $ | 4.5 |  |  | $ | 7.8 |  |  | $ | — |  |  | $ | 10.1 |  |  | $ | 2.2 |
Allowance for deferred taxes(3) | 208.0 |  |  | 2.7 |  |  | — |  |  | 9.0 |  |  | 201.7 |
Inventory valuation allowance(2) | 23.4 |  |  | 17.7 |  |  | — |  |  | 22.5 |  |  | 18.6 |
Year Ended December 31, 2022: |  |  |  |  |  |  |  |  |
Allowance for credit losses(1) | 2.2 |  |  | 10.1 |  |  | 1.0 |  |  | 4.0 |  |  | 9.3 |
Allowance for deferred taxes(3) | 201.7 |  |  | 9.5 |  |  | 7.8 |  |  | 1.5 |  |  | 217.5 |
Inventory valuation allowance(2) | 18.6 |  |  | 35.7 |  |  | 4.9 |  |  | 31.7 |  |  | 27.5 |
Year Ended December 31, 2023: |  |  |  |  |  |  |  |  |
Allowance for credit losses(1) | 9.3 |  |  | 4.4 |  |  | — |  |  | 8.4 |  |  | 5.3 |
Allowance for deferred taxes(3) | 217.5 |  |  | 54.5 |  |  | — |  |  | 4.9 |  |  | 267.1 |
Inventory valuation allowance(2) | 27.5 |  |  | 22.1 |  |  | — |  |  | 17.5 |  |  | 32.1 |
(a) Amounts represent reserves recognized in conjunction with our acquisition of Tekfor in 2022. (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 an increase in valuation allowance related to certain U.S. federal tax attributes, as well as 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.

X
- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-4 + Details
Name: | srt_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_ValuationAndQualifyingAccountsAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration