Schedule II Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2011

Schedule II Valuation and Qualifying Accounts

Schedule II Valuation and Qualifying Accounts

SEABOARD CORPORATION AND SUBSIDIARIES

Valuation and Qualifying Accounts

(In Thousands)

	Balance at		Provision	Net deductions		Balance at
	beginning of year		(1)	(2)		end of year
Allowance for Doubtful Accounts:
Year ended December 31, 2011	$	8,170	4,400	(1,629	)	$	10,941
Year ended December 31, 2010	$	7,330	2,771	(1,931	)	$	8,170
Year ended December 31, 2009	$	7,303	2,088	(2,061	)	$	7,330

(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		Charged (credit)		Other		Balance at
	beginning of year		to expense		(3)		end of year
Allowance for Deferred Tax Assets:
Year ended December 31, 2011	$	30,664	(13,959	)	(385	)	$	16,320
Year ended December 31, 2010	$	28,621	2,512		(469	)	$	30,664
Year ended December 31, 2009	$	21,075	8,473		(927	)	$	28,621

(3)Activity related to currency translation.

	Balance at		Charged (credit)		Balance at
	beginning of year		to expense		end of year
Reserve for LIFO Valuation:
Year ended December 31, 2011	$	24,085	33,698		$	57,783
Year ended December 31, 2010	$	22,807	1,278		$	24,085
Year ended December 31, 2009	$	40,672	(17,865	)	$	22,807