The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets to the totals shown within the Consolidated Statements of Cash Flows for the years ended September 30:


(In millions)	2024		2023		2022
Cash and cash equivalents - continuing operations	$	68.3	$	409.1	$	23.4
Cash and cash equivalents - held for sale (a)	—		4.0		—
Cash and cash equivalents - discontinued operations	—		—		59.0
Restricted cash - continuing operations (b)	0.4		—		—
Restricted cash - discontinued operations (c)	—		—		1.5
Total cash, cash equivalents and restricted cash	$	68.7	$	413.1	$	83.9

(a)Refer to Note 3 for additional information regarding the asset group classified as held for sale at September 30, 2023.

(b)Included in Prepaid expenses and other current assets within the Consolidated Balance Sheets.

(c)Included in Current assets held for sale with the Consolidated Balance Sheets.

The following summarizes Valvoline’s accounts and other receivables in the Consolidated Balance Sheets as of September 30:


(In millions)	2024		2023
Current
Trade	$	73.2	$	64.0
Other	9.1		16.3
Notes receivable from franchisees	5.4		1.6
Receivables, gross	87.7		81.9
Allowance for credit losses	(1.3)		(0.6)
Receivables, net	$	86.4	$	81.3

Non-current (a)
Notes receivable	$	2.5	$	2.3
Other	4.4		7.5
Noncurrent notes receivable, gross	6.9		9.8
Allowance for losses	(2.6)		(2.4)
Noncurrent notes receivable, net	$	4.3	$	7.4

The following table summarizes the various components of property, plant and equipment within the Consolidated Balance Sheets as of September 30:


(In millions)	2024		2023
Land	$	160.1	$	148.5
Buildings	869.5		725.1
Machinery and equipment	348.7		302.6
Construction in progress	72.1		57.6
Total property, plant and equipment	1,450.4		1,233.8
Accumulated depreciation	(491.7)		(415.5)
Net property, plant and equipment	$	958.7	$	818.3

The following table summarizes finance lease assets included in net property, plant and equipment as of September 30:


(In millions)	2024		2023
Land	$	96.1	$	85.4
Buildings	165.6		154.6
Total finance lease assets	261.7		240.0
Accumulated depreciation	(67.4)		(50.0)
Net finance lease assets	$	194.3	$	190.0

Non-cash transactions, including finance leases, recognized within total property, plant and equipment were $18.3 million and $17.5 million during the years ended September 30, 2024 and 2023, respectively.

The following summarizes expense associated with property, plant and equipment recognized within the Consolidated Statements of Comprehensive Income for the years ended September 30:


(In millions)	2024		2023		2022
Depreciation (includes finance leases)	$	89.2	$	72.0	$	54.7

The following presents long-lived assets comprised of net property, plant and equipment and operating lease assets by geographic area in which the assets physically reside for the years ended September 30:


	Property, plant and equipment, net				Operating lease assets
(In millions)	2024		2023		2024		2023
United States	$	909.1	$	774.4	$	281.6	$	247.2
Non-U.S.	49.6		43.9		17.0		19.3
Total	$	958.7	$	818.3	$	298.6	$	266.5