VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2022

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

24.

VALUATION AND QUALIFYING ACCOUNTS

Holdings’ valuation allowance for deferred tax assets, which includes CUSA’s valuation allowance for deferred tax assets, for the periods presented were as follows:


	Valuation Allowance for Deferred Taxes
Balance at January 1, 2020	$	60.4
Additions		144.2
Deductions		(1.0	)
Balance at December 31, 2020	$	203.6
Additions		69.1
Deductions		(4.3	)
Currency translation		(4.3	)
Balance at December 31, 2021	$	264.1
Additions		67.0
Deductions		(5.3	)
Currency translation		0.3
Balance at December 31, 2022	$	326.1

CUSA’s valuation allowance for deferred tax assets for the periods presented were as follows:


	Valuation Allowance for Deferred Taxes
Balance at January 1, 2020	$	60.4
Additions		144.2
Deductions		(1.0	)
Balance at December 31, 2020	$	203.6
Additions		52.5
Deductions		(10.9	)
Currency translation		(4.3	)
Balance at December 31, 2021	$	240.9
Additions		47.0
Deductions		(4.9	)
Currency translation		0.2
Balance at December 31, 2022	$	283.2