SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | | | | | | | | | | | | | | Description | | Balance at
Beginning
of Period | | Charges
to Costs
and
Expenses | | | Charges
to Other
Accounts | | | Deductions | | | Balance at
End of
Period | | Year ended March 31, 2026 | | | | | | | | | | | | | | | Deducted from asset accounts: | | | | | | | | | | | | | | Allowance for credit losses (1) | | $ | 24.4 | | | $ | 14.7 | | | | $ | 1.2 | | (3) | | $ | (13.0) | | (4) | | $ | 27.3 | | | Inventory valuation reserve | | 49.8 | | | (9.0) | | (2) | | (1.4) | | (3) | | — | | | | 39.4 | | | Deferred tax asset valuation allowance | | 30.6 | | | 3.1 | | | | 1.1 | | (3) | | (5.8) | | | | 29.0 | | | Recorded within liabilities: | | | | | | | | | | | | | | | Casualty loss reserves | | $ | 34.9 | | | $ | 8.4 | | | | $ | (1.0) | | | | $ | (5.9) | | | | $ | 36.4 | | | Year ended March 31, 2025 | | | | | | | | | | | | | | | Deducted from asset accounts: | | | | | | | | | | | | | | Allowance for credit losses (1) | | $ | 23.0 | | | $ | 9.1 | | | | $ | (0.1) | | (3) | | $ | (7.6) | | (4) | | $ | 24.4 | | | Inventory valuation reserve | | 43.9 | | | 5.6 | | (2) | | 0.3 | | (3) | | — | | | | 49.8 | | | Deferred tax asset valuation allowance | | 26.4 | | | 7.5 | | | | (0.4) | | (3) | | (2.9) | | | | 30.6 | | | Recorded within liabilities: | | | | | | | | | | | | | | | Casualty loss reserves | | $ | 30.7 | | | $ | 8.4 | | | | $ | 0.4 | | | | $ | (4.6) | | | | $ | 34.9 | | | Year ended March 31, 2024 | | | | | | | | | | | | | | | Deducted from asset accounts: | | | | | | | | | | | | | | Allowance for trade accounts receivable (1) | | $ | 19.3 | | | $ | 11.2 | | | | $ | (0.1) | | (3) | | $ | (7.4) | | (4) | | $ | 23.0 | | | Inventory valuation reserve | | 35.6 | | | 8.2 | | (2) | | 0.1 | | (3) | | — | | | | 43.9 | | | Deferred tax asset valuation allowance | | 20.3 | | | 6.8 | | | | 0.1 | | (3) | | (0.8) | | | | 26.4 | | | Recorded within liabilities: | | | | | | | | | | | | | | | Casualty loss reserves | | $ | 30.4 | | | $ | 7.9 | | | | $ | (2.4) | | | | $ | (5.2) | | | | $ | 30.7 | |
(1) Net allowance for credit losses and allowance for sales and returns. (2) Provision for excess and obsolete inventory, net of inventory written off. (3) Change in foreign currency exchange rates and acquired reserves. (4) Uncollectible accounts written off, net of recoveries.
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