| Valuation And Qualifying Accounts |
Schedule I – Valuation and Qualifying Accounts
(In thousands of U.S. dollars)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Column A | | Column B | | Column C | | Column D | | Column E | | Description | | Balance at beginning of period | | Additions (charged to costs and expenses) | | Deductions (write-offs and actual losses incurred) | | Additions resulting from acquisitions | | Balance at end of period | | Year ended December 31, 2025: | | | | | | | | | | | Provisions for Losses on Long-Term Contracts (*) | | 110,848 | | 133,076 | | 26,764 | | — | | 217,160 | | Provisions for Claims and Potential Contractual Penalties and Others | | 6,045 | | 983 | | 2,021 | | — | | 5,007 | Credit risk (**) | | 14,006 | | 796 | | 618 | | — | | 14,184 | | Valuation Allowance on Deferred Taxes | | 77,913 | | — | | | 30,877 | | — | | 47,036 | | | | | | | | | | | | | Year ended December 31, 2024: | | | | | | | | | | | Provisions for Losses on Long-Term Contracts (*) | | 95,450 | | 34,975 | | 19,577 | | — | | 110,848 | | Provisions for Claims and Potential Contractual Penalties and Others | | 3,661 | | 2,946 | | 562 | | — | | 6,045 | Credit risk (**) | | 9,172 | | 5,701 | | 867 | | — | | 14,006 | | Valuation Allowance on Deferred Taxes | | 165,199 | | — | | 87,286 | | — | | 77,913 | | | | | | | | | | | | | Year ended December 31, 2023: | | | | | | | | | | | Provisions for Losses on Long-Term Contracts (*) | | 80,962 | | 38,560 | | 24,072 | | — | | 95,450 | | Provisions for Claims and Potential Contractual Penalties and Others | | 2,557 | | 1,244 | | 140 | | — | | 3,661 | Credit risk (**) | | 9,162 | | 674 | | 664 | | — | | 9,172 | | Valuation Allowance on Deferred Taxes | | 164,906 | | 293 | | — | | — | | 165,199 |
(*) As of December 31, 2025, 2024 and 2023 an amount of $30,861, $41,032 and $34,820, respectively, is presented as a deduction from inventories. As of December 31, 2025, 2024 and 2023 an amount of $186,299, $69,816 and $60,630, respectively, is presented as part of other payables and accrued expenses. (**) As of December 31, 2025, an amount of $7,473 and $6,711 is related to corporate customers and government customers, respectively.
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