Schedule II - Valuation and Qualifying Accounts and Reserves

12 Months Ended

Dec. 31, 2021

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

(IN MILLIONS)


	For the Year Ended December 31, 2021
	Balance at beginning of period		Additions (deductions) charged to costs and expenses		Acquisitions		Accounts written off		Translation adjustments		Other(1)		Balance at end of period
Allowance for doubtful accounts	$	21	$	6	$	—	$	(1)	$	—	$	20	$	46
Valuation allowance on credit and operating loss carryforwards and other net deferred tax assets	257		(18)		9		—		(16)		—		232

	For the Year Ended December 31, 2020
	Balance at beginning of period		Additions charged to costs and expenses		Acquisitions		Accounts written off		Translation adjustments		Other		Balance at end of period
Allowance for doubtful accounts	$	16	$	6	$	—	$	(1)	$	—	$	—	$	21
Valuation allowance on credit and operating loss carryforwards and other net deferred tax assets	204		35		—		—		18		—		257

	For the Year Ended December 31, 2019
	Balance at beginning of period		Additions charged to costs and expenses		Acquisitions		Accounts written off		Translation adjustments		Other(2)		Balance at end of period
Allowance for doubtful accounts	$	9	$	1	$	—	$	(2)	$	—	$	8	$	16
Valuation allowance on credit and operating loss carryforwards and other net deferred tax assets	200		6		—		—		(2)		—		204

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(1)The amount relates to adjustment to allowances for bad debts as a result of purchase price allocation related to the Merger with N&B.

(2)The amount relates to an adjustment to reflect the correct classification of amounts between the allowance for bad debts and Trade Receivables.