MasterBrand Inc
For the period ended Dec 29, 2024. Filed Feb 19, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 19, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedule II Valuation and Qualifying Accounts
For the years ended December 29, 2024, December 31, 2023 and December 25, 2022
| (U.S. Dollars presented in millions) | Balance atBeginningof Period | Charges(a) | Write-offsandDeductions(b) | Balance atEnd ofPeriod |
|---|---|---|---|---|
| 2024: | ||||
| Allowance for cash discounts and sales allowances | $4.9 | $57.8 | $52.1 | $10.6 |
| Customer program allowance | 43.0 | 125.7 | 134.1 | 34.6 |
| Valuation allowance for deferred tax assets | 1.0 | 2.7 | — | 3.7 |
| 2023: | ||||
| Allowance for cash discounts and sales allowances | $5.6 | $73.5 | $74.2 | $4.9 |
| Customer program allowance | 58.3 | 146.5 | 161.8 | 43.0 |
| Valuation allowance for deferred tax assets | 1.2 | (0.2) | — | 1.0 |
| 2022: | ||||
| Allowance for cash discounts and sales allowances | $5.6 | $85.2 | $85.2 | $5.6 |
| Customer program allowance | 55.3 | 141.0 | 138.0 | 58.3 |
| Valuation allowance for deferred tax assets | 1.2 | — | — | 1.2 |
(a)Charges related to the allowance for cash discounts and sales allowances and the customer program allowance are classified as a reduction in net sales. Charges also include the impact of the Supreme Customer program allowance at the date of acquisition. Charges related to the valuation allowance for deferred tax assets are classified as income tax expense.
(b)Net of immaterial foreign currency impact.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.