DuPont de Nemours Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
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Accounts and Notes Receivable - Net
NOTE 10 -ACCOUNTS AND NOTES RECEIVABLE - NET
| In millions | December 31, 2023 | December 31, 2022 |
|---|---|---|
| Accounts receivable – trade 1 | $1,513 | $1,567 |
| Income tax receivable | 301 | 235 |
| Other 2 | 556 | 716 |
| Total accounts and notes receivable - net | $2,370 | $2,518 |
Accounts receivable – trade is net of allowances of $40 million at December 31, 2023 and $38 million at December 31, 2022. Allowances are equal to the estimated uncollectible amounts and current expected credit loss. That estimate is based on historical collection experience, current economic and market conditions, and review of the current status of customers' accounts.
Other includes receivables in relation to value added tax, indemnification assets, general sales tax and other taxes, and other receivables. No individual group represents more than ten percent of total receivables.
Accounts receivable are carried at amounts that approximate fair value.
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