SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended December 31, 2023, 2022 and 2021


			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts		Deductions from Reserves		Balance at End of Period
In thousands of dollars

For the year ended December 31, 2023
Allowances deducted from assets
Accounts receivable—trade, net (a)	$	26,001	$	248,022	$	—	$	(242,360)	$	31,663
Valuation allowance on net deferred taxes (b)	137,531		6,927		—		(30,309)		114,149
Inventory obsolescence reserve (c)	29,354		73,687		—		(61,202)		41,839
Total allowances deducted from assets	$	192,886	$	328,636	$	—	$	(333,871)	$	187,651

For the year ended December 31, 2022
Allowances deducted from assets
Accounts receivable—trade, net (a)	$	28,837	$	228,463	$	—	$	(231,299)	$	26,001
Valuation allowance on net deferred taxes (b)	184,896		9,578		—		(56,943)		137,531
Inventory obsolescence reserve (c)	19,472		44,497		—		(34,615)		29,354
Total allowances deducted from assets	$	233,205	$	282,538	$	—	$	(322,857)	$	192,886

For the year ended December 31, 2021
Allowances deducted from assets
Accounts receivable—trade, net (a)	$	24,975	$	198,608	$	—	$	(194,746)	$	28,837
Valuation allowance on net deferred taxes (b)	193,310		9,759		—		(18,173)		184,896
Inventory obsolescence reserve (c)	17,703		27,657		—		(25,888)		19,472
Total allowances deducted from assets	$	235,988	$	236,024	$	—	$	(238,807)	$	233,205

(a) Includes allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable.

(b) Includes adjustments to the valuation allowance for deferred tax assets that we do not expect to realize, as well as the release of valuation allowances.