NOV Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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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.
FY2025 · Filed Feb 12, 2026
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, 2025, 2024 and 2023
(in millions)
| Balancebeginningof year · Additions(Deductions)charged tocosts andexpenses · Charge offsand other · Balance end of year | ||||
|---|---|---|---|---|
| Reserve for excess and obsolete inventories: | ||||
| 2025 | $286 | $36 | $(61) | $261 |
| 2024 | 354 | 31 | (99) | 286 |
| 2023 | 378 | 28 | (52) | 354 |
| Valuation allowance for deferred tax assets: | ||||
| 2025 | $266 | $82 | $4 | $352 |
| 2024 | 346 | (64) | (16) | 266 |
| 2023 | 920 | (564) | (10) | 346 |
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