Schedule II Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2016

Schedule II Valuation and Qualifying Accounts

Schedule II Valuation and Qualifying Accounts

Schedule II

SEABOARD CORPORATION AND SUBSIDIARIES

Valuation and Qualifying Accounts

(In Millions)

	Balance at				Balance at
	beginning of year		Provision(1)	Net deductions(2)	end of year
Allowance for Doubtful Accounts:
Year Ended December 31, 2016	$	21	(1)	(6)	$	14
Year Ended December 31, 2015	$	12	13	(4)	$	21
Year Ended December 31, 2014	$	13	—	(1)	$	12

⁽¹⁾ The allowance for doubtful accounts provision is charged to selling, general and administrative expenses.

⁽²⁾ Includes write-offs net of recoveries and currency translation adjustments.

	Balance at				Balance at
	beginning of year		Provision(1)	Net deductions	end of year
Allowance for Notes Receivable:
Year Ended December 31, 2016	$	—	16	—	$	16

	Balance at		Charge (credit)	Balance at
	beginning of year		to expense	end of year
Allowance for Deferred Tax Assets:
Year Ended December 31, 2016	$	19	39	$	58
Year Ended December 31, 2015	$	21	(2)	$	19
Year Ended December 31, 2014	$	18	3	$	21

	Balance at		Credit	Balance at
	beginning of year		to expense	end of year
Reserve for LIFO Valuation:
Year Ended December 31, 2016	$	28	(7)	$	21
Year Ended December 31, 2015	$	37	(9)	$	28
Year Ended December 31, 2014	$	62	(25)	$	37