Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2024

POLARIS INC.

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS


Allowance for Doubtful Accounts	Balance at Beginning of Period		Additions Charged to Costs and Expenses		Other Changes(1)		Balance at End of Period
(In millions)
2022: Deducted from asset accounts—Allowance for doubtful accounts receivable	$	4.7	$	4.2	$	(0.2)	$	8.7
2023: Deducted from asset accounts—Allowance for doubtful accounts receivable	$	8.7	$	1.7	$	(1.4)	$	9.0
2024: Deducted from asset accounts—Allowance for doubtful accounts receivable	$	9.0	$	3.3	$	(1.6)	$	10.7

(1) Uncollectible accounts receivable written off, net of recoveries


Inventory Reserve	Balance at Beginning of Period		Additions Charged to Costs and Expenses		Other Changes(2)		Balance at End of Period
(In millions)
2022: Deducted from asset accounts—Allowance for obsolete inventory	$	74.1	$	32.0	$	(19.4)	$	86.7
2023: Deducted from asset accounts—Allowance for obsolete inventory	$	86.7	$	34.6	$	(26.2)	$	95.1
2024: Deducted from asset accounts—Allowance for obsolete inventory	$	95.1	$	42.4	$	(27.9)	$	109.6

(2) Inventory disposals, net of recoveries


Deferred Tax Asset Valuation Allowance	Balance at Beginning of Period		Additions Charged to Costs and Expenses (3)		Other Changes(4)		Balance at End of Period
(In millions)
2022: Deducted from asset accounts—Allowance for deferred tax assets	$	17.0	$	0.7	$	(1.1)	$	16.6
2023: Deducted from asset accounts—Allowance for deferred tax assets	$	16.6	$	1.5	$	(1.2)	$	16.9
2024: Deducted from asset accounts—Allowance for deferred tax assets	$	16.9	$	5.5	$	(1.0)	$	21.4

(3) Increases related to losses, credits, impairments and capital losses without tax benefits

(4) Decreases related to utilization of loss carryforwards and certain deferred tax assets