Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Sep. 30, 2023


VALVOLINE INC.
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
For the years ended September 30, 2023, 2022 and 2021
(In millions)
(A)	(B)		(C)					(D)		(E)
			Additions
Description	Balance at beginning of period		Charged to expenses		Charged to other accounts			Deductions		Balance at end of period
Current allowance for credit losses
Year ended September 30, 2023	$	4.6	$	(0.6)	$	(3.4)	(a)	$	—	$	0.6
Year ended September 30, 2022	$	0.3	$	4.5	$	(0.2)		$	—	$	4.6
Year ended September 30, 2021	$	0.3	$	—	$	—		$	—	$	0.3
Allowances for loan losses
Year ended September 30, 2023	$	2.2	$	—	$	0.2		$	—	$	2.4
Year ended September 30, 2022	$	2.1	$	—	$	0.1		$	—	$	2.2
Year ended September 30, 2021	$	2.0	$	—	$	0.1		$	—	$	2.1
Inventory excess and obsolete reserves
Year ended September 30, 2023	$	2.0	$	(0.3)	$	(0.6)	(a)	$	—	$	1.1
Year ended September 30, 2022	$	0.8	$	1.2	$	—		$	—	$	2.0
Year ended September 30, 2021	$	0.6	$	0.2	$	—		$	—	$	0.8
Deferred tax asset valuation allowance
Year ended September 30, 2023	$	33.3	$	(30.3)	$	—		$	—	$	3.0
Year ended September 30, 2022	$	31.8	$	1.5	$	—		$	—	$	33.3
Year ended September 30, 2021	$	29.7	$	0.9	$	1.2		$	—	$	31.8

(a) Includes currency translation and balances reclassified to held for sale within the Consolidated Balance Sheet.