SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)

12 Months Ended

Dec. 31, 2019

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)

O-I GLASS, INC.

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)

Years ended December 31, 2019, 2018, and 2017

(Millions of Dollars)

Reserves deducted from assets in the balance sheets:

Allowances for losses and discounts on receivables


			Additions
	Balance at		Charged to						Balance
	beginning		costs and				Deductions		at end of
	of period		expenses		Other		(Note 1)		period

2019	$	35	$	15	$	(2)	$	(16)	$	32

2018	$	34	$	13	$	(4)	$	(8)	$	35

2017	$	32	$	12	$	(2)	$	(8)	$	34

(1)	Deductions from allowances for losses and discounts on receivables represent uncollectible notes and accounts written off.

Valuation allowance on net deferred tax assets


	Balance at				Charged to other						Balance at
	beginning of		Charged to		comprehensive		Foreign currency		Other		end of
	period		income		income		translation		(Note 1)		period

2019	$	495	$	(31)	$	(14)	$	(1)	$	13	$	462

2018	$	543	$	(20)	$	(7)	$	(9)	$	(12)	$	495

2017	$	1,094	$	15	$	(79)	$	4	$	(491)	$	543

(1)	The U.S. Tax Cuts and Jobs Act ("the Act") was enacted on December 22, 2017. The Act reduced the U.S. federal corporate tax rate to 21% from 35%. The reduction in tax rates reduced certain net U.S. deferred tax assets by $162 million, with an offsetting impact to valuation allowance.

In 2017, $327 million of foreign tax credits expired or were utilized against transition tax, against which a valuation allowance had previously been asserted.