Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2025

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

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

(in millions)

 

Classification	Balance at Beginning of Period(a)		Charged to Costs & Expenses		Impact of Currency		Charged to Other Accounts(b)		Write Offs, Write Downs & Deductions		Balance at End of Period(a)
Year Ended December 31, 2025
Allowances deducted from asset accounts:
Allowance for credit losses	$	67.1	$	52.4	$	0.5	$	—	$	(54.7)	$	65.3
Valuation allowance for deferred income tax assets	$	26.0	$	8.0	$	—	$	2.1	$	(3.4)	$	32.7
Year Ended December 31, 2024
Allowances deducted from asset accounts:
Allowance for credit losses	$	69.4	$	51.2	$	(0.8)	$	—	$	(52.7)	$	67.1
Valuation allowance for deferred income tax assets	$	27.2	$	0.7	$	—	$	—	$	(1.9)	$	26.0
Year Ended December 31, 2023
Allowances deducted from asset accounts:
Allowance for credit losses	$	71.9	$	42.5	$	—	$	—	$	(45.0)	$	69.4
Valuation allowance for deferred income tax assets	$	26.8	$	—	$	—	$	0.4	$	—	$	27.2
(a) Amounts include allowance for credit losses classified as current and noncurrent.
(b) Amounts are related to businesses acquired, the impact of new accounting standards and other adjustments.