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Valuation and Qualifying Accounts and Reserves
 12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts and Reserves

Allowances for Doubtful Accounts

 

Changes in the allowances for doubtful accounts were as follows:

 

 

 

Year Ended December 31,

 

(in millions)

 

 

2022

 

 

 

2021

 

 

 

2020

 

Balance at beginning of year

$

 

10.0

 

$

 

11.4

 

$

 

6.7

 

Additions charged to expense

 

 

0.5

 

 

 

0.9

 

 

 

8.0

 

Deductions - write offs

 

 

(1.5

)

 

 

(1.9

)

 

 

(3.0

)

Foreign exchange changes

 

 

0.1

 

 

 

(0.4

)

 

 

(0.3

)

Balance at end of year

$

 

9.1

 

$

 

10.0

 

$

 

11.4

 

 

Allowances for Sales Discounts and Other Credits

 

Changes in the allowances for sales discounts and returns were as follows:

 

 

 

Year Ended December 31,

 

(in millions)

 

 

2022

 

 

 

2021

 

 

 

2020

 

Balance at beginning of year

$

 

15.2

 

$

 

12.2

 

$

 

7.7

 

Additions charged to expense

 

 

15.7

 

 

 

28.9

 

 

 

12.2

 

Deductions

 

 

(13.8

)

 

 

(25.8

)

 

 

(7.9

)

Foreign exchange changes

 

 

(1.5

)

 

 

(0.1

)

 

 

0.2

 

Balance at end of year

$

 

15.6

 

$

 

15.2

 

$

 

12.2

 

 

Allowances for Cash Discounts

 

Changes in the allowances for cash discounts were as follows:

 

 

 

Year Ended December 31,

 

(in millions)

 

 

2022

 

 

 

2021

 

 

 

2020

 

Balance at beginning of year

$

 

2.4

 

$

 

1.9

 

$

 

2.0

 

Additions charged to expense

 

 

22.9

 

 

 

22.8

 

 

 

19.7

 

Deductions - discounts taken

 

 

(23.3

)

 

 

(22.2

)

 

 

(19.9

)

Foreign exchange changes

 

 

(0.1

)

 

 

(0.1

)

 

 

0.1

 

Balance at end of year

$

 

1.9

 

$

 

2.4

 

$

 

1.9

 

 

Warranty Reserves

 

Changes in the reserve for warranty claims were as follows:

 

 

 

Year Ended December 31,

 

(in millions)

 

 

2022

 

 

 

2021

 

 

 

2020

 

Balance at beginning of year

$

 

5.7

 

$

 

6.1

 

$

 

5.4

 

Provision for warranties issued

 

 

5.3

 

 

 

2.9

 

 

 

3.5

 

Deductions - settlements made (in cash or in kind)

 

 

(4.3

)

 

 

(2.9

)

 

 

(3.1

)

Foreign exchange changes

 

 

(0.3

)

 

 

(0.4

)

 

 

0.3

 

Balance at end of year

$

 

6.4

 

$

 

5.7

 

$

 

6.1

 

 

Income Tax Valuation Allowance

 

Changes in the deferred tax valuation allowances were as follows:

 

 

 

Year Ended December 31,

 

(in millions)

 

 

2022

 

 

 

2021

 

 

 

2020

 

Balance at beginning of year

$

 

52.4

 

$

 

55.4

 

$

 

51.6

 

Net increase to valuation allowance - expense (benefit)

 

 

3.2

 

 

 

(2.2

)

 

 

2.2

 

Foreign exchange changes

 

 

(3.7

)

 

 

(0.8

)

 

 

1.6

 

Balance at end of year

$

 

51.9

 

$

 

52.4

 

$

 

55.4