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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

For the years ended December 31, 2025, 2024 and 2023, in millions:

 

Allowance for Expected Credit Losses:

 

 

 

Balance at Beginning of Year

 

Provision for Credit Losses

 

Write-Offs

 

Currency Impact and Other

 

Balance at End of Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

67.6

 

 

 

$

7.1

 

 

 

$

(11.2

)

 

 

$

10.6

 

 

 

$

74.1

 

 

2024

 

 

99.2

 

 

 

 

9.0

 

 

 

 

(35.6

)

 

 

 

(5.0

)

 

 

 

67.6

 

 

2023

 

 

109.3

 

 

 

 

5.4

 

 

 

 

(18.2

)

 

 

 

2.7

 

 

 

 

99.2

 

 

 

Valuation Allowance for Deferred Tax Assets

 

 

 

Balance at Beginning of Year

 

Charged to Income Tax Expense

 

Charged to Other Accounts(a)

 

Balance at End of Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

222.9

 

 

 

$

22.8

 

 

 

$

16.8

 

 

 

$

262.5

 

 

2024

 

 

219.8

 

 

 

 

34.1

 

 

 

 

(31.0

)

 

 

 

222.9

 

 

2023

 

 

161.1

 

 

 

 

53.5

 

 

 

 

5.2

 

 

 

 

219.8

 

 

 

(a)
Reflects other increases (decreases) to our valuation allowance that did not impact total tax expense, including the effects of currency and other comprehensive income/loss.