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Valuation and Qualifying Accounts and Reserves
12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts and Reserves
Valuation and Qualifying Accounts and Reserves
Years Ended December 31, 2024, 2023 and 2022
DescriptionBalance at Beginning of YearCharged to Costs and ExpensesDeductions Foreign Currency Translation and OtherBalance at End of Year
(In millions)      
Year Ended December 31, 2024      
Allowance for credit losses on trade receivables$14.9 $1.3 $(3.0)(1)$(0.6)$12.6 
Inventory obsolescence reserve$43.3 $18.6 $(14.3)(2)$(2.2)$45.4 
Valuation allowance on deferred tax assets$205.6 $(3.0)$(8.3)(3)$(11.0)$183.3 
Allowance for credit loss on debt investment$— $8.5 $— (4)$— $8.5 
Year Ended December 31, 2023     
Allowance for credit losses on trade receivables$11.5 $3.1 $— (1)$0.3 $14.9 
Inventory obsolescence reserve$28.9 $18.3 $(4.3)(2)$0.4 $43.3 
Valuation allowance on deferred tax assets
$179.5 $13.2 $(0.2)(3)$13.1 $205.6 
Year Ended December 31, 2022     
Allowance for credit losses on trade receivables$11.1 $6.2 $(5.6)(1)$(0.2)$11.5 
Inventory obsolescence reserve$24.1 $19.8 $(14.6)(2)$(0.4)$28.9 
Valuation allowance on deferred tax assets
$189.6 $2.0 $(1.9)(3)$(10.2)$179.5 
Allowance for credit loss on debt investment$8.0 $— $(8.0)(5)$— $— 
 
      
(1)Primarily accounts receivable balances written off, net of recoveries.
(2)Primarily items removed from inventory.
(3)Primarily includes valuation allowances released as a result of the cessation of operations in certain jurisdictions and write off of related deferred tax asset balances.
(4)Primarily due to the impairment of a debt investment in one company.
(5)Primarily due to exchange of debt investment for preferred securities of the same investee during 2022.