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MODINE MANUFACTURING COMPANY AND SUBSIDIARIES
(A Wisconsin Corporation)
SCHEDULE
II - VALUATION AND QUALIFYING ACCOUNTS
For the years ended March 31, 2024, 2023 and 2022
(In millions)
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Additions
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Description
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Balance at
Beginning of
Period
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Charged
(Benefit) to
Costs and
Expenses
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Charged to
Other
Accounts
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Reclassified
from Held for
Sale
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Balance at
End of Period
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2024: Valuation Allowance for Deferred Tax Assets
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$
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61.6
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$
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11.9
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$
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(10.5
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)(a)
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$
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-
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$
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63.0
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2023: Valuation Allowance for Deferred Tax Assets
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$
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112.2
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$
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(49.7
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)
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$
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(0.9
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)(a)
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$
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-
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$
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61.6
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2022: Valuation Allowance for Deferred Tax Assets
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$
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90.7
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$
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(4.6
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)
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$
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(1.0
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)(a)
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$
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27.1
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$
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112.2
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| (a) |
Foreign currency translation and other adjustments. Fiscal 2024 amount also includes a decrease from the sale of three automotive businesses based in Germany.
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