HERSHEY CO
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
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Schedule II—Valuation and Qualifying Accounts
THE HERSHEY COMPANY AND SUBSIDIARIES
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
For the Years Ended December 31, 2025, 2024 and 2023
| Additions | |||||
|---|---|---|---|---|---|
| Description | Balance at Beginning of Period | Charged to Costs and Expenses | Charged to Other Accounts | Deductions from Reserves | Balance at End of Period |
| In thousands of dollars | |||||
| Allowances deducted from assets | |||||
| Accounts receivable—trade, net (a) | $40,487 | $127,053 | $— | $(147,496) | $20,044 |
| Valuation allowance on net deferred taxes (b) | 117,239 | 35,989 | — | (8,176) | 145,052 |
| Inventory obsolescence reserve (c) | 44,705 | 30,263 | — | (31,580) | 43,388 |
| Total allowances deducted from assets | $202,431 | $193,305 | $— | $(187,252) | $208,484 |
| Allowances deducted from assets | |||||
| Accounts receivable—trade, net (a) | $31,663 | $238,284 | $— | $(229,460) | $40,487 |
| Valuation allowance on net deferred taxes (b) | 114,149 | 19,801 | — | (16,711) | 117,239 |
| Inventory obsolescence reserve (c) | 41,839 | 48,548 | — | (45,682) | 44,705 |
| Total allowances deducted from assets | $187,651 | $306,633 | $— | $(291,853) | $202,431 |
| Allowances deducted from assets | |||||
| Accounts receivable—trade, net (a) | $26,001 | $248,022 | $— | $(242,360) | $31,663 |
| Valuation allowance on net deferred taxes (b) | 137,531 | 6,927 | — | (30,309) | 114,149 |
| Inventory obsolescence reserve (c) | 29,354 | 73,687 | — | (61,202) | 41,839 |
| Total allowances deducted from assets | $192,886 | $328,636 | $— | $(333,871) | $187,651 |
(a) Includes allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable.
(b) Includes adjustments to the valuation allowance for deferred tax assets that we do not expect to realize, as well as the release of valuation allowances.
(c) Includes adjustments to the inventory reserve, transfers, disposals and write-offs of obsolete inventory.
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