OCCIDENTAL PETROLEUM CORP DE
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
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Schedule II – Valuation and Qualifying Accounts
| Schedule II – Valuation and Qualifying Accounts | Occidental Petroleum Corporationand Subsidiaries |
|---|
| Additions | |||||
|---|---|---|---|---|---|
| millions | Balance at Beginning of Period | Charged toCosts andExpenses | Charged toOtherAccounts | Deductions (a) | Balance atEnd ofPeriod |
| Allowance for doubtful accounts | $904 | $(235) | $— | $(625) | $44(b) |
| Environmental, litigation, tax and other reserves | $3,712 | $328 | $50 | $(297) | $3,793(c) |
| Allowance for doubtful accounts | $867 | $37 | $— | $— | $904(b) |
| Environmental, litigation, tax and other reserves | $3,164 | $714 | $138 | $(304) | $3,712(c) |
| Allowance for doubtful accounts | $822 | $56 | $(11) | $— | $867(b) |
| Environmental, litigation, tax and other reserves | $2,429 | $900 | $94 | $(259) | $3,164(c) |
(a)Primarily represents payments except for 2023 allowance for doubtful accounts, where Occidental reversed the receivable and allowance related to the Maxus settlement. See Note 13 - Lawsuits, Claims, Commitments and Contingencies
(b)Of these amounts, $43 million, $44 million and $46 million in 2023, 2022, and 2021, respectively, were classified as current.
(c)Of these amounts, $215 million, $266 million and $790 million in 2023, 2022, and 2021, respectively, were classified as current.
Note: The amounts presented represent continuing operations.
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