Valuation and qualifying accounts

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation and qualifying accounts

25.    Valuation and qualifying accounts

The following table presents changes to our valuation and qualifying accounts:

(in millions)	Allowance for expected credit losses		Valuation allowances on deferred tax assets
Balance on December 31, 2019	$	18.6	$	193.9
Cumulative effect of adopting new accounting standard	2.2		—
Charged to costs and expenses	10.2		2.4
Deductions(1)	(4.1)		—
Currency translation	(0.7)		13.6
Balance on December 31, 2020	26.2		209.9
Charged to costs and expenses	3.6		(9.4)
Deductions(1)	(2.6)		—
Currency translation	(0.8)		(12.9)
Balance on December 31, 2021	26.4		187.6
Charged to costs and expenses	6.9		2.7
Deductions(1)	(3.7)		—
Currency translation	(1.4)		(10.6)
Balance on December 31, 2022	$	28.2	$	179.7

(1)For the allowance for expected credit losses, deductions represent bad debts charged off, net of recoveries, and other additions represent recoveries, net of bad debts charged off.