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Schedule II VALUATION AND QUALIFYING ACCOUNTS
12 Months Ended
Dec. 31, 2024
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 31, 2024, 2023 and 2022, in millions:

Allowance for Expected Credit Losses:

 

 

 

Balance at
Beginning
of Year

 

Bad Debt Expense

 

Write-Offs

 

Translation
Adjustments

 

Reclassifications
and Other

 

Balance
at End
of Year

2024

 

$

99.2

 

 

 

$

9.0

 

 

 

$

(35.6

)

 

 

$

(5.0

)

 

 

$

 

 

 

$

67.6

 

 

2023

 

 

109.3

 

 

 

 

5.4

 

 

 

 

(18.2

)

 

 

 

2.7

 

 

 

 

 

 

 

 

99.2

 

 

2022

 

 

121.6

 

 

 

 

6.2

 

 

 

 

(12.4

)

 

 

 

(5.8

)

 

 

 

(0.3

)

 

 

 

109.3

 

 

Valuation Allowance for Deferred Tax Assets:

 

 

 

Balance at
Beginning
of Year

 

Charged to Income Tax Expense (Benefit)

 

Charged to Other Accounts (a)

 

Balance
at End
of Year

2024

 

$

219.8

 

 

 

$

34.1

 

 

 

$

(31.0

)

 

 

$

222.9

 

 

2023

 

 

161.1

 

 

 

 

53.5

 

 

 

 

5.2

 

 

 

 

219.8

 

 

2022

 

 

167.1

 

 

 

 

13.7

 

 

 

 

(19.7

)

 

 

 

161.1

 

 

 

(c)
Reflects other increases (decreases) to our valuation allowance that did not impact total tax expense, including the effects of currency and other comprehensive income (loss).