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SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
For the Years Ended December 31, 2024, December 31, 2023, and December 31, 2022
(In millions of dollars)
DescriptionBalance at beginning of periodAdditions charged to revenues, costs, and expensesAdditions charged to other accountsDeductionsBalance at
 end of
period
Year Ended December 31, 2024:
Deferred tax assets—valuation allowance$253 $17 $(15)$(165)A$90 
Year Ended December 31, 2023:
Deferred tax assets—valuation allowance262 28 13 (50)253 
Year Ended December 31, 2022:
Deferred tax assets—valuation allowance478 31 3 (250)B262 
A—This amount relates to a reduction due to the impacts of the UVC Transaction and the release of the valuation allowance recorded on certain foreign deferred tax assets.
B—This amount primarily relates to the release of the valuation allowance recorded on U.S. federal and state deferred tax assets.
See Note 6 to our Consolidated Financial Statements for a summary of our receivables and financing receivables allowance for credit losses.