Schedule II - Valuation and Qualifying Accounts — Years Ended December 31
Other schedules are omitted because they are either not applicable or not required or the information is presented in the 2025 AFS or notes thereto.
| | | | | | | | | | | | | | | | | | | | | | | | Reserve for excess and obsolete inventory (in millions): | Balance at beginning of period | | Additions and adjustments charged to operations | | Write-offs | | Balance at end of period | Year Ended December 31, 2025 | $ | 119.6 | | | $ | 48.3 | | | $ | (28.4) | | | $ | 139.5 | | Year Ended December 31, 2024 | $ | 105.1 | | | $ | 49.0 | | | $ | (34.5) | | | $ | 119.6 | | Year Ended December 31, 2023 | $ | 71.1 | | | $ | 59.9 | | | $ | (25.9) | | | $ | 105.1 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Valuation allowance for deferred taxes (in millions): | Balance at beginning of period | | Additions charged to costs and expenses | | Additions/ (reductions) charged to other accounts | | Reductions charged to costs and expenses | | Balance at end of period | Year Ended December 31, 2025 | $ | 386.0 | | | $ | 59.2 | | | $ | (1.6) | | | $ | (90.0) | | | $ | 353.6 | | Year Ended December 31, 2024 | $ | 381.1 | | | $ | 17.4 | | | $ | (4.1) | | | $ | (8.4) | | | $ | 386.0 | | Year Ended December 31, 2023 | $ | 400.7 | | | $ | 21.3 | | | $ | 2.3 | | | $ | (43.2) | | | $ | 381.1 | |
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