MODINE MANUFACTURING COMPANY AND SUBSIDIARIES
(A Wisconsin Corporation) SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS For the years ended March 31, 2026, 2025 and 2024 (In millions) | | | | | | | | | | | | | | | | | | | Additions | | | | | | | | | | Charged | | | | | | | | | | Balance at | | (Benefit) to | | Charged to | | | | | | | | Beginning of | | Costs and | | Other | | | Balance at | Description | | Period | | Expenses | | Accounts | | | End of Period | | | | | | | | | | | | | | | 2026: Valuation Allowance for Deferred Tax Assets | | $ | 67.6 | | $ | (1.4) | | $ | 1.9 | (a) | | $ | 68.1 | | | | | | | | | | | | | | | 2025: Valuation Allowance for Deferred Tax Assets | | $ | 63.0 | | $ | 4.5 | | $ | 0.1 | (a) | | $ | 67.6 | | | | | | | | | | | | | | | 2024: Valuation Allowance for Deferred Tax Assets | | $ | 61.6 | | $ | 11.9 | | $ | (10.5) | (a) | | $ | 63.0 | ____ | | | | | | | | | | | | | |
| (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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