OS 5 Time Machine Size Adjustment

Since upgrading to OS 5 I can see there is a way to adjust the maximum storage allocation for Time Machine in the Time Machine Settings however the indicator of how much is allocated no longer pops up when you move the adjusting slider. Am I missing something?

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And just as mysteriously as it was not available, it now suddenly is. Not sure if it was something I did to resolve this, or if it just resolved itself.