OCCIDENTAL PETROLEUM CORP DE
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
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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 | $44 | $98 | $(1) | $1 | $142(b) |
| Environmental, litigation, tax and other reserves | $3,793 | $869 | $142 | $(542) | $4,262(c) |
| 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) |
(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, $58 million, $43 million and $44 million in 2024, 2023, and 2022, respectively, were classified as current.
(c)Of these amounts, $226 million, $215 million and $266 million in 2024, 2023, and 2022, respectively, were classified as current.
Note: The amounts presented represent continuing operations.
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