Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2022

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, 2022
Allowances deducted from asset accounts:
Allowance for credit losses	$	81.4	$	32.2	$	(0.9)	$	(0.3)	$	(40.5)	$	71.9
Valuation allowance for deferred income tax assets	$	23.0	$	—	$	—	$	3.8	$	—	$	26.8
Year Ended December 31, 2021
Allowances deducted from asset accounts:
Allowance for credit losses	$	84.9	$	36.8	$	(0.1)	$	—	$	(40.2)	$	81.4
Valuation allowance for deferred income tax assets	$	22.4	$	—	$	—	$	0.6	$	—	$	23.0
Year Ended December 31, 2020
Allowances deducted from asset accounts:
Allowance for credit losses	$	56.3	$	42.9	$	0.3	$	30.6	$	(45.2)	$	84.9
Valuation allowance for deferred income tax assets	$	29.7	$	—	$	—	$	—	$	(7.3)	$	22.4
(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.