XML 51 R32.htm IDEA: XBRL DOCUMENT v3.22.0.1
Schedule II - Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts
Valuation and Qualifying Accounts
(dollars in millions)
 
DescriptionBalance at beginning of periodCharged to Expenses
Charged (credited) to other accounts (1)
Deductions (2)
Balance at end of period
Allowance for credit losses
Year ended December 31, 2021$7.1 16.4 
(3)
(0.3)(2.9)$20.3 
Year ended December 31, 2020$10.7 
(4)
0.7 0.5 (4.8)$7.1 
Year ended December 31, 2019$5.6 5.5 
(5)
(0.1)(1.9)$9.1 
(1) Primarily foreign currency translation.
(2) Includes impact of divestitures.
(3) Includes $11.2 resulting from the bankruptcy proceedings of a divested joint venture.
(4) Includes $1.6 adjustment due to adoption of ASU 2016-13 as of January 1, 2020.
(5) Increase in 2019 relates to commercial settlements in China.
DescriptionBalance at beginning of periodAdditions Balance at end of period
Charged to Income
Charged to Equity (6)
Deductions
Tax valuation allowance
Year ended December 31, 2021$234.4 124.2 
(7)
(23.6)— $335.0 
Year ended December 31, 2020$194.8 51.6 
(8)
7.3 (19.3)
(9)
$234.4 
Year ended December 31, 2019$171.2 24.6 
(10)
(1.0)— $194.8 
(6) Includes foreign currency translation.
(7) Primarily related to 2021 losses with no benefit in the U.S. and certain foreign jurisdictions in addition to new valuation allowance in the U.S., France and Canada.
(8) Primarily related to 2020 losses with no benefit in certain foreign jurisdictions and U.S. states and new valuation allowances in foreign jurisdictions and U.S. states.
(9) Deductions a result of the divestiture of our European rubber, fluid transfer, and specialty sealing businesses as well as our Indian operations.         
(10) Primarily related to 2019 losses with no benefit in certain foreign jurisdictions.