Avon 2012 Annual Report Download - page 119

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SCHEDULE II
AVON PRODUCTS, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Years ended December 31, 2012, 2011 and 2010
Additions
(In millions)
Description
Balance at
Beginning
of Period
Charged
to Costs
and
Expenses
Charged
to
Revenue Deductions
Balance
at End of
Period
2012
Allowance for doubtful accounts receivable $138.4 $251.1 $ – $255.2(1) $134.3
Allowance for sales returns 36.1 – 390.2 399.2(2) 27.1
Allowance for inventory obsolescence 151.6 122.1 – 102.4(3) 171.3
Deferred tax asset valuation allowance 546.1 81.3(4) – – 627.4
2011
Allowance for doubtful accounts receivable $148.8 $247.2 $ – $257.6(1) $138.4
Allowance for sales returns 83.2 – 446.5 493.7(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
(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 primarily for tax loss carryforward benefits that are not more likely than not to be realized in the future.