NOV Inc
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 14, 2025
NOV$17.69+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Schedule II – Valuation and Qualifying Accounts
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
Years Ended December 31, 2024, 2023 and 2022
(in millions)
| Balancebeginningof year · Additions(Deductions)charged tocosts andexpenses · Charge offsand other · Balance end of year | ||||
|---|---|---|---|---|
| Reserve for excess and obsolete inventories: | ||||
| 2024 | $354 | $31 | $(99) | $286 |
| 2023 | 378 | 28 | (52) | 354 |
| 2022 | 444 | (18) | (48) | 378 |
| Valuation allowance for deferred tax assets: | ||||
| 2024 | $346 | $(64) | $(16) | $266 |
| 2023 | 920 | (564) | (10) | 346 |
| 2022 | 1,127 | 24 | (231) | 920 |
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