Avon 2011 Annual Report Download - page 106

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SCHEDULE II
AVON PRODUCTS, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Years ended December 31, 2011, 2010 and 2009
Additions
(In millions)
Description
Balance at
Beginning
of Period
Charged
to Costs
and
Expenses
Charged
to
Revenue Deductions
Balance
at End of
Period
2011
Allowance for doubtful accounts receivable $148.8 $247.2 – $257.6(1) $138.4
Allowance for sales returns 83.2 – 446.6 493.7(2) 36.1
Allowance for inventory obsolescence 126.7 128.1 – 103.2(3) 151.6
Deferred tax asset valuation allowance 462.7 83.4(4) – – 546.1
2010
Allowance for doubtful accounts receivable $132.4 $215.7 $ – $199.3(1) $148.8
Allowance for sales returns 32.7 – 424.1 373.6(2) 83.2
Allowance for inventory obsolescence 114.9 131.1 – 119.3(3) 126.7
Deferred tax asset valuation allowance 370.2 92.5(4) – – 462.7
2009
Allowance for doubtful accounts receivable $101.9 $221.2 $ – $190.7(1) $132.4
Allowance for sales returns 25.5 – 370.5 363.3(2) 32.7
Allowance for inventory obsolescence 97.0 120.0 – 102.1(3) 114.9
Deferred tax asset valuation allowance 269.4 100.8(4) – – 370.2
(1) Accounts written off, net of recoveries and foreign currency translation adjustment.
(2) Returned product destroyed and foreign currency translation adjustment.
(3) Obsolete inventory destroyed and foreign currency translation adjustment.
(4) Increase in valuation allowance for tax loss carryforward benefits that are not more likely than not to be realized in the future.