Alcoa 2013 Annual Report Download - page 159
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Allowance for Doubtful Accounts
The following table details the changes in the allowance for doubtful accounts related to customer receivables and
other receivables:
Customer receivables Other receivables
December 31, 2013 2012 2011 2013 2012 2011
Balance at beginning of year $ 39 $46 $ 46 $ 74 $79 $87
Provision for doubtful accounts 3 2 19 29 9 7
Write off of uncollectible accounts (19) (8) (14) (39) (3) (3)
Recoveries of prior write-offs (3) (1) (3) (10) (6) (5)
Other - - (2) (7) (5) (7)
Balance at end of year $ 20 $39 $ 46 $ 47 $74 $79
V. Interest Cost Components
2013 2012 2011
Amount charged to expense $453 $490 $524
Amount capitalized 99 93 101
$552 $583 $625
W. Pension and Other Postretirement Benefits
Alcoa maintains pension plans covering most U.S. employees and certain employees in foreign locations. Pension
benefits generally depend on length of service, job grade, and remuneration. Substantially all benefits are paid through
pension trusts that are sufficiently funded to ensure that all plans can pay benefits to retirees as they become due. Most
salaried and non-bargaining hourly U.S. employees hired after March 1, 2006 participate in a defined contribution plan
instead of a defined benefit plan.
Alcoa also maintains health care and life insurance benefit plans covering eligible U.S. retired employees and certain
retirees from foreign locations. Generally, the medical plans pay a percentage of medical expenses, reduced by
deductibles and other coverages. These plans are generally unfunded, except for certain benefits funded through a trust.
Life benefits are generally provided by insurance contracts. Alcoa retains the right, subject to existing agreements, to
change or eliminate these benefits. All salaried and certain non-bargaining hourly U.S. employees hired after
January 1, 2002 and certain bargaining hourly U.S. employees hired after July 1, 2010 are not eligible for
postretirement health care benefits. All salaried and certain hourly U.S. employees that retire on or after April 1, 2008
are not eligible for postretirement life insurance benefits.
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