ITEM 16. FORM 10-K SUMMARY
Not applicable.
198
Table of Contents
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DowDuPont Inc.
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Schedule II
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Valuation and Qualifying Accounts
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(In millions) For the year ended Dec 31,
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2017
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2016
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2015
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Accounts Receivable - Allowance for Doubtful Receivables
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Balance at beginning of period
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$
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110
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$
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94
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$
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110
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Additions charged to expenses
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43
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31
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24
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Additions charged to other accounts 1
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3
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—
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2
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Deductions from reserves 2
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(29
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)
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(15
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)
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(42
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)
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Balance at end of period
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$
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127
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$
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110
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$
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94
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Inventory - Obsolescence Reserve
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Balance at beginning of period
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$
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123
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$
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152
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$
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135
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Additions charged to expenses
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129
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29
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63
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Deductions from reserves 3
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(82
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)
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(58
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)
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(46
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)
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Balance at end of period
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$
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170
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$
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123
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$
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152
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Reserves for Other Investments and Noncurrent Receivables
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Balance at beginning of period
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$
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358
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$
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494
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$
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477
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Additions charged to expenses 4
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83
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153
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108
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Deductions from reserves 5
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(4
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)
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(289
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)
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(91
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)
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Balance at end of period
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$
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437
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$
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358
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$
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494
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Deferred Tax Assets - Valuation Allowance
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Balance at beginning of period
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$
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1,061
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$
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1,000
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$
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1,106
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Merger impact
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1,323
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Additions charged to expenses
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454
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155
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67
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Deductions from reserves
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(89
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)
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(94
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)
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(173
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)
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Balance at end of period
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$
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2,749
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$
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1,061
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$
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1,000
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1.
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Additions to reserves for doubtful receivables charged to other accounts were classified as "Accounts and notes receivable - Other" in the consolidated balance sheets. These reserves relate to Dow's sale of trade accounts receivable. Anticipated credit losses in the portfolio of receivables sold are used to fair value Dow's interests held in trade accounts receivable conduits. See Notes 14 and 22 to the Consolidated Financial Statements for further information.
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2.
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Deductions include write-offs, recoveries, currency translation adjustment and other miscellaneous items.
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3.
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Deductions include disposals and currency translation adjustments.
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4.
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In 2016, additions to reserves for "Other investments and noncurrent receivables" charged to costs and expenses include $143 million related to the Company's investment in AgroFresh Solutions, Inc. See Note 5 to the Consolidated Financial Statements for further information.
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5.
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In 2016, deductions from reserves for "Other investments and noncurrent receivables" include $237 million related to the DCC Transaction. See Note 3 to the Consolidated Financial Statements for further information.
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199
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DowDuPont Inc.
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Signatures
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Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DOWDUPONT INC.
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/s/ JEANMARIE F. DESMOND
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/s/ RONALD C. EDMONDS
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Jeanmarie F. Desmond
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Ronald C. Edmonds
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Co-Controller, Wilmington, Delaware
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Co-Controller, Midland, Michigan
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February 15, 2018
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February 15, 2018
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Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
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/s/ LAMBERTO ANDREOTTI
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/s/ RAYMOND J. MILCHOVICH
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Lamberto Andreotti, Director
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Raymond J. Milchovich, Director
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February 15, 2018
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February 15, 2018
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/s/ JAMES A. BELL
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/s/ PAUL POLMAN
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James A. Bell, Director
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Paul Polman, Director
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February 15, 2018
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February 15, 2018
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/s/ EDWARD D. BREEN
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/s/ DENNIS H. REILLEY
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Edward D. Breen, Director, Chief Executive Officer
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Dennis H. Reilley, Director
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February 15, 2018
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February 15, 2018
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/s/ ROBERT A. BROWN
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/s/ JAMES M. RINGLER
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Robert A. Brown, Director
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James M. Ringler, Director
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February 15, 2018
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February 15, 2018
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/s/ ALEXANDER M. CUTLER
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/s/ RUTH G. SHAW
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Alexander M. Cutler, Co-Lead Independent Director
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Ruth G. Shaw, Director
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February 15, 2018
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February 15, 2018
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/s/ JEFF M. FETTIG
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/s/ LEE M. THOMAS
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Jeff M. Fettig, Co-Lead Independent Director
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Lee M. Thomas, Director
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February 15, 2018
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February 15, 2018
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/s/ MARILLYN A. HEWSON
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/s/ HOWARD I. UNGERLEIDER
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Marillyn A. Hewson, Director
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Howard I. Ungerleider, Chief Financial Officer
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February 15, 2018
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February 15, 2018
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/s/ LOIS D. JULIBER
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/s/ PATRICK J. WARD
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Lois D. Juliber, Director
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Patrick J. Ward, Director
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February 15, 2018
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February 15, 2018
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/s/ ANDREW N. LIVERIS
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Andrew N. Liveris, Executive Chairman of the Board
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February 15, 2018
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200
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DowDuPont Inc.
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Trademark Listing
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