Schedule II Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2014

Schedule II Valuation and Qualifying Accounts

Schedule II Valuation and Qualifying Accounts

Schedule II

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, 2014		$	12,832		398		(1,269)	$	11,961
Year ended December 31, 2013		$	12,131		3,432		(2,731)	$	12,832
Year ended December 31, 2012		$	10,941		3,092		(1,902)	$	12,131

(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)		Balance at
	beginning of year			to expense		end of year
Allowance for Deferred Tax Assets:
Year ended December 31, 2014		$	17,869		2,689	$	20,558
Year ended December 31, 2013		$	11,758		6,111	$	17,869
Year ended December 31, 2012		$	16,320		(4,562)	$	11,758

	Balance at			Charged (credit)		Balance at
	beginning of year			to expense		end of year
Reserve for LIFO Valuation:
Year ended December 31, 2014		$	62,236		(25,676)	$	36,560
Year ended December 31, 2013		$	90,730		(28,494)	$	62,236
Year ended December 31, 2012		$	57,783		32,947	$	90,730