VALUATION AND QUALIFYING ACCOUNTS (Notes)

12 Months Ended

Dec. 31, 2023

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


(In millions) For the years ended Dec 31,	2023		2022		2021
Accounts Receivable - Allowance for Doubtful Receivables
Balance at beginning of year	$	110	$	54	$	51
Additions charged to expenses	21		61		16

Deductions from reserves 1	(50)		(5)		(13)
Balance at end of year	$	81	$	110	$	54
Inventory - Obsolescence Reserve
Balance at beginning of year	$	57	$	14	$	23
Additions charged to expenses	20		50		3
Deductions from reserves 2	(7)		(7)		(12)
Balance at end of year	$	70	$	57	$	14
Reserves for Other Investments and Noncurrent Receivables
Balance at beginning of year	$	1,950	$	2,033	$	2,093
Additions charged to expenses 3	31		17		19
Deductions from reserves 4	(230)		(100)		(79)
Balance at end of year	$	1,751	$	1,950	$	2,033
Deferred Tax Assets - Valuation Allowance
Balance at beginning of year	$	1,269	$	1,391	$	1,302
Additions charged to expenses 5	1,864		120		201
Deductions from reserves	(185)		(242)		(112)
Balance at end of year	$	2,948	$	1,269	$	1,391

1.Deductions included write-offs, recoveries, currency translation adjustments and other miscellaneous items, including a $23 million reclassification to "Reserves for Other Investments and Noncurrent Receivables" in 2023.

2.Deductions included disposals and currency translation adjustments.

3.Additions included a $23 million reclassification from "Accounts Receivable - Allowance for Doubtful Receivables" in 2023.

4.Deductions included $143 million in 2023 related to the Company's investment in AgroFresh Solutions Inc., which was converted to cash, and $77 million in 2023, 2022 and 2021 related to the Company's investment in Sadara. See Note 10 to the Consolidated Financial Statements for additional information.

5.Additions in 2023 include increases in valuation allowances related to foreign tax assets that are expected to expire without being utilized.