Valuation and Qualifying Accounts and Reserves (Schedule II)

12 Months Ended

Dec. 31, 2021

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

Valuation and Qualifying Accounts and Reserves (Schedule II)

Financial Statement Schedule

Schedule II — Valuation and Qualifying Accounts and Reserves for the years ended December 31, 2021, 2020 and 2019 is set forth below. All other schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are not required under the related instructions or are inapplicable and therefore have been omitted.

Valuation and Qualifying Accounts and Reserves

(Schedule II)

Changes in deferred tax asset valuation allowances were as follows:

(millions of dollars)	2021		2020		2019
Beginning balance	$	104.6	$	84.6	$	73.5
(Deductions) additions (1)	(7.4)		20.0		7.4
Acquired balances	—		—		3.7
Ending balance	$	97.2	$	104.6	$	84.6

(1) (Deductions) additions did not have a material impact on the Income Statement in 2021, 2020 or 2019.