v3.25.4
Valuation and qualifying accounts
 12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and qualifying accounts Valuation and qualifying accounts
The following table presents changes to our valuation and qualifying accounts:
(in millions)
Allowance for expected credit lossesValuation allowances on deferred tax assets
Balance on December 31, 2022$28.2 $179.7 
Charged to costs and expenses15.3 20.2 
Deductions(1)
(9.2)— 
Currency translation0.7 6.2 
Balance on December 31, 202335.0 206.1 
Charged to costs and expenses5.3 21.8 
Deductions(1)
(9.0)— 
Currency translation(1.1)(13.8)
Balance on December 31, 202430.2 214.1 
Charged to costs and expenses4.0 (48.3)
Deductions(1)
(6.2)— 
Currency translation1.6 24.3 
Balance on December 31, 2025$29.6 $190.1 
(1)For the allowance for expected credit losses, deductions represent bad debts charged off, net of recoveries.