SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS AND RESERVES (in millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance
Beginning
of Year | | Charges to
Earnings | | Other (1) | | Deductions (2) | | Balance End
of Year | Year ended December 31, 2025 | | | | | | | | | | | Deducted from asset accounts: | | | | | | | | | | | Allowance for doubtful accounts - Current | $ | 9 | | | $ | 1 | | | $ | — | | | $ | (1) | | | $ | 9 | | | Allowance for doubtful accounts - Non-current | — | | | — | | | — | | | — | | | — | | | Reserve for inventory | 79 | | | 24 | | | (7) | | | (28) | | | 68 | | | Valuation allowances for deferred tax assets | 44 | | | (3) | | | — | | | (1) | | | 40 | | | Totals | $ | 132 | | | $ | 22 | | | $ | (7) | | | $ | (30) | | | $ | 117 | | Year ended December 31, 2024 | | | | | | | | | | | Deducted from asset accounts: | | | | | | | | | | | Allowance for doubtful accounts - Current | $ | 8 | | | $ | 1 | | | $ | 2 | | | $ | (2) | | | $ | 9 | | | Allowance for doubtful accounts - Non-current | — | | | — | | | — | | | — | | | — | | | Reserve for inventory | 71 | | | 21 | | | 2 | | | (15) | | | 79 | | | Valuation allowances for deferred tax assets | 53 | | | (7) | | | (1) | | | (1) | | | 44 | | | Totals | $ | 132 | | | $ | 15 | | | $ | 3 | | | $ | (18) | | | $ | 132 | | Year ended December 31, 2023 | | | | | | | | | | | Deducted from asset accounts: | | | | | | | | | | | Allowance for doubtful accounts - Current | $ | 9 | | | $ | — | | | $ | — | | | $ | (1) | | | $ | 8 | | | Allowance for doubtful accounts - Non-current | 1 | | | — | | | — | | | (1) | | | — | | | Reserve for inventory | 61 | | | 25 | | | 2 | | | (17) | | | 71 | | | Valuation allowances for deferred tax assets | 63 | | | (9) | | | — | | | (1) | | | 53 | | | Totals | $ | 134 | | | $ | 16 | | | $ | 2 | | | $ | (20) | | | $ | 132 | |
(1)Primarily represents the impact of foreign currency exchange, business divestitures and other amounts recorded to accumulated other comprehensive income (loss). (2)Primarily represents the utilization of established reserves, net of recoveries. |