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Schedule II Valuation and Qualifying Accounts
 12 Months Ended
Dec. 30, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II Valuation and Qualifying Accounts

Schedule II Valuation and Qualifying Accounts

For the years ended December 30, 2023, December 31, 2022 and December 31, 2021

 

(In millions)

 

Balance at
Beginning of
Period

 

 

Charged to
Expense

 

 

Write-offs
and
Deductions (a)

 

 

Business
Acquisition (b)

 

 

Balance at
End of
Period

 

2023:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for cash discounts and sales
   allowances

 

$

116.2

 

 

$

340.1

 

 

$

(342.2

)

 

$

6.7

 

 

$

120.8

 

Allowance for credit losses

 

 

5.5

 

 

 

5.2

 

 

 

(6.2

)

 

 

3.2

 

 

 

7.7

 

Allowance for deferred tax assets

 

 

13.8

 

 

 

1.3

 

 

 

—

 

 

 

—

 

 

 

15.1

 

2022:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for cash discounts and sales
   allowances

 

$

135.9

 

 

$

287.0

 

 

$

(306.7

)

 

 

—

 

 

$

116.2

 

Allowance for credit losses

 

 

5.7

 

 

 

3.7

 

 

 

(3.9

)

 

 

—

 

 

 

5.5

 

Allowance for deferred tax assets

 

 

20.7

 

 

 

(6.9

)

 

 

—

 

 

 

—

 

 

 

13.8

 

2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for cash discounts and sales
   allowances

 

$

109.9

 

 

$

296.9

 

 

$

(270.9

)

 

$

—

 

 

$

135.9

 

Allowance for credit losses

 

 

4.3

 

 

 

4.0

 

 

 

(2.6

)

 

 

—

 

 

 

5.7

 

Allowance for deferred tax assets

 

 

9.6

 

 

 

5.0

 

 

 

6.1

 

 

 

—

 

 

 

20.7

 

 

(a)
Net of recoveries of amounts written off in prior years and immaterial foreign currency impact.
(b)
Represents purchase accounting adjustment related to the ASSA acquisition within our Water and Security segments in 2023.