Fortune Brands Innovations Inc
For the period ended Dec 30, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
FBIN$51.64+7.4%Stored close · as of Nov 9, 2026
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Schedule II Valuation and Qualifying Accounts
For the years ended December 30, 2023, December 31, 2022 and December 31, 2021
| (In millions) | Balance atBeginning ofPeriod | Charged toExpense | Write-offsandDeductions (a) | BusinessAcquisition (b) | Balance atEnd ofPeriod |
|---|---|---|---|---|---|
| 2023: | |||||
| Allowance for cash discounts and sales allowances | $116.2 | $340.1 | $(342.2) | $6.7 | $120.8 |
| Allowance for credit losses | 5.5 | 5.2 | (6.2) | 3.2 | 7.7 |
| Allowance for deferred tax assets | 13.8 | 1.3 | — | — | 15.1 |
| 2022: | |||||
| Allowance for cash discounts and sales allowances | $135.9 | $287.0 | $(306.7) | — | $116.2 |
| Allowance for credit losses | 5.7 | 3.7 | (3.9) | — | 5.5 |
| Allowance for deferred tax assets | 20.7 | (6.9) | — | — | 13.8 |
| 2021: | |||||
| Allowance for cash discounts and sales allowances | $109.9 | $296.9 | $(270.9) | $— | $135.9 |
| Allowance for credit losses | 4.3 | 4.0 | (2.6) | — | 5.7 |
| Allowance for deferred tax assets | 9.6 | 5.0 | 6.1 | — | 20.7 |
(a)
Net of recoveries of amounts written off in prior years and immaterial foreign currency impact.
(b)
Represents purchase accounting adjustment related to the ASSA acquisition within our Water and Security segments in 2023.
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