Valuation and Qualifying Accounts and Reserves (Schedule II)

12 Months Ended

Dec. 31, 2025

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, 2025, 2024 and 2023 is set forth below. All other schedules for which provision is made in the applicable SEC accounting regulations 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)	2025		2024		2023
Beginning balance	$	124.5	$	106.6	$	97.5
Additions (1)	33.5		17.9		9.1
Ending balance	$	158.0	$	124.5	$	106.6

(1)    Additions did not have a material impact on the Income Statement in 2025, 2024 or 2023.