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Schedule II Valuation and Qualifying Accounts
12 Months Ended
Dec. 27, 2025
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 27, 2025, December 28, 2024 and December 30, 2023

 

(In millions)

 

Balance at
Beginning of
Period

 

 

Charged to
Expense

 

 

Write-offs
and
Deductions (a)

 

 

Business
Acquisition (b)

 

 

Balance at
End of
Period

 

2025:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for cash discounts and sales
   allowances

 

$

109.4

 

 

$

321.9

 

 

$

(344.5

)

 

$

 

 

$

86.8

 

Allowance for credit losses

 

 

7.0

 

 

 

9.5

 

 

 

(6.5

)

 

 

 

 

 

10.0

 

Allowance for deferred tax assets

 

 

8.0

 

 

 

1.6

 

 

 

 

 

 

 

 

 

9.6

 

2024:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for cash discounts and sales
   allowances

 

$

120.8

 

 

$

350.6

 

 

$

(362.0

)

 

$

 

 

$

109.4

 

Allowance for credit losses

 

 

7.7

 

 

 

3.8

 

 

 

(4.5

)

 

 

 

 

 

7.0

 

Allowance for deferred tax assets

 

 

15.1

 

 

 

(7.1

)

 

 

 

 

 

 

 

 

8.0

 

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

 

 

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