SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended December 31, 2023, 2022 and 2021


	(In Millions)
Column A	Column B		Column C					Column D			Column E
			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts			Deductions			Balance at End of Period
Allowances for credit losses deducted from accounts receivable in the balance sheet:
2023	$	8	$	7	$	—		$	(5)	(a)	$	11
2022	$	6	$	5	$	—		$	(3)	(a)	$	8
2021	$	7	$	1	$	—		$	(2)	(a) (b)	$	6
Valuation allowance on deferred tax assets:
2023	$	15	$	2	$	53	(c) (d)	$	(37)	(e)	$	33
2022	$	17	$	—	$	—		$	(2)	(f)	$	15
2021	$	35	$	5	$	—		$	(23)	(b)	$	17

______________________________

(a)Deductions, representing uncollectible accounts written off, less recoveries of accounts written off in prior years.

(b)As a result of the Hüppe divestiture in May 2021, $1 million was removed from allowance for credit losses and $23 million was removed from valuation allowance on deferred tax assets.

(c)As a result of the acquisition of Sauna360 Group Oy in the third quarter of 2023, $5 million was added to valuation allowance on deferred tax assets.

(d)$48 million was added to valuation allowance resulting from the establishment of certain state deferred tax assets for which the likelihood of utilization is no longer considered remote.

(e)Due to a legal restructuring of certain U.S. businesses that will occur in early 2024, a $37 million reduction in valuation allowance was recorded as a $29 million state income tax benefit, net of federal expense.

(f)Net reduction to valuation allowance recorded as an income tax benefit.