Valuation and Qualifying Accounts and Reserves

12 Months Ended

Dec. 31, 2020

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

Valuation and Qualifying Accounts and Reserves

Description	Balance at Beginning of Year		Charged to Costs and Expenses		Deductions			Foreign Currency Translation and Other		Balance at End of Year
(in millions)
Year Ended December 31, 2020
Allowance for credit losses on trade receivables	$	8.2	$	3.7	$	(0.2)	(1)	$	—	$	11.7
Inventory obsolescence reserve	$	19.6	$	9.0	$	(7.8)	(2)	$	0.3	$	21.1
Valuation allowance on deferred tax assets	$	197.6	$	(1.4)	$	(6.5)	(3)	$	17.4	$	207.1
Year Ended December 31, 2019
Allowance for credit losses on trade receivables	$	9.1	$	2.5	$	(3.4)	(1)	$	—	$	8.2
Inventory obsolescence reserve	$	18.1	$	7.2	$	(5.6)	(2)	$	(0.1)	$	19.6
Valuation allowance on deferred tax assets	$	218.4	$	(14.0)	$	(2.7)		$	(4.1)	$	197.6
Year Ended December 31, 2018
Allowance for credit losses on trade receivables	$	6.5	$	2.3	$	(1.0)	(1)	$	1.3	$	9.1
Inventory obsolescence reserve	$	15.5	$	4.8	$	(1.4)	(2)	$	(0.8)	$	18.1
Valuation allowance on deferred tax assets	$	189.2	$	32.8	$	—		$	(3.6)	$	218.4

      

(1)Primarily accounts receivable balances written off, net of recoveries.

(2)Primarily items removed from inventory.

(3)Primarily includes valuation allowances released as a result of the cessation of operations in certain jurisdictions and write off of related deferred tax asset balances.