Exhibit 21

List of Subsidiaries of the Registrant

Valvoline Inc. subsidiaries at September 30, 2023, included the companies listed below

Entity Name	Jurisdiction
Funding Corp. I	Delaware Delaware
MO Eurasia LLC	Russian Federation
OCH International, Inc.	Oregon
OCHI Advertising Fund LLC	Oregon
OCHI Holdings LLC	Oregon
OCHI Holdings II LLC	Oregon
Relocation Properties Management LLC	Delaware
Valvoline Branded Finance, Inc.	Delaware
Valvoline Canada Retail Services Corp.	British Columbia, Canada
Valvoline Canadian Franchising Corp.	British Columbia, Canada
Valvoline Holdings B.V.	Netherlands
Valvoline Instant Oil Change Franchising, Inc.	Delaware
Valvoline Junior Holdings LLC	Delaware
Valvoline Licensing and Intellectual Property LLC	Delaware
Valvoline LLC	Delaware
Valvoline Quick Lube Corp.	British Columbia, Canada
Valvoline US LLC	Delaware
Valvoline US Retail Services LLC	Delaware
VIOC Funding, Inc.	Delaware
VRS HoldCo LLC	Delaware