Arthur J. Gallagher & Co.
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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FY2023 · Filed Feb 9, 2024
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Schedule II - Valuation and Qualifying Accounts
Schedule II
Valuation and Qualifying Accounts
| Balance atBeginningof Year · AmountsRecorded inEarnings · Adjustments · Balance atEndof Year | |||||
|---|---|---|---|---|---|
| (In millions) | |||||
| Allowance for doubtful accounts | $11.1 | $26.0 | $(14.1) | (1) | $23.0 |
| Allowance for estimated policy cancellations | 9.3 | (0.5) | 1.1 | (2) | 9.9 |
| Valuation allowance for deferred tax assets | 135.2 | 60.6 | — | 195.8 | |
| Accumulated amortization of expiration | |||||
| lists, non-compete agreements and trade names | 3,300.0 | 531.3 | 42.2 | (3) | 3,873.5 |
| Allowance for doubtful accounts | $8.3 | $6.8 | $(4.0) | (1) | $11.1 |
| Allowance for estimated policy cancellations | 10.0 | 2.4 | (3.1) | (2) | 9.3 |
| Valuation allowance for deferred tax assets | 154.9 | (19.7) | — | 135.2 | |
| Accumulated amortization of expiration | |||||
| lists, non-compete agreements and trade names | 2,924.0 | 454.9 | (78.9) | (3) | 3,300.0 |
| Allowance for doubtful accounts | $10.1 | $7.0 | $(8.8) | (1) | $8.3 |
| Allowance for estimated policy cancellations | 9.9 | (1.3) | 1.4 | (2) | 10.0 |
| Valuation allowance for deferred tax assets | 94.9 | 60.0 | — | 154.9 | |
| Accumulated amortization of expiration | |||||
| lists, non-compete agreements and trade names | 2,537.0 | 415.1 | (28.1) | (3) | 2,924.0 |
(1)
Net activity of bad debt write offs and recoveries and acquired businesses.
(2)
Additions to allowance related to acquired businesses.
(3)
Elimination of fully amortized expiration lists, non-compete agreements and trade names, intangible asset/amortization reclassifications and disposal of acquired businesses.
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