v3.25.4
Schedule II Nov Inc. Valuation and Qualifying Accounts
12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II Nov Inc. Valuation and Qualifying Accounts

SCHEDULE II

NOV INC.

VALUATION AND QUALIFYING ACCOUNTS

Years Ended December 31, 2025, 2024 and 2023

(in millions)

 

 

Balance
beginning
of year

 

 

Additions
(Deductions)
charged to
costs and
expenses

 

 

Charge offs
and other

 

 

Balance
end of
year

 

Reserve for excess and obsolete inventories:

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

286

 

 

$

36

 

 

$

(61

)

 

$

261

 

2024

 

 

354

 

 

 

31

 

 

 

(99

)

 

 

286

 

2023

 

 

378

 

 

 

28

 

 

 

(52

)

 

 

354

 

Valuation allowance for deferred tax assets:

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

266

 

 

$

82

 

 

$

4

 

 

$

352

 

2024

 

 

346

 

 

 

(64

)

 

 

(16

)

 

 

266

 

2023

 

 

920

 

 

 

(564

)

 

 

(10

)

 

 

346