Avon 2014 Annual Report Download - page 128

Download and view the complete annual report

Please find page 128 of the 2014 Avon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 130

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130

SCHEDULE II
AVON PRODUCTS, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Years ended December 31, 2014, 2013 and 2012
Additions
(In millions)
Description
Balance at
Beginning
of Period
Charged
to Costs
and
Expenses
Charged
to
Revenue Deductions
Balance
at End of
Period
2014
Allowance for doubtful accounts receivable $129.6 $192.5 $ – $(221.3)(1) $ 100.8
Allowance for sales returns 17.6 – 298.1 (298.5)(2) 17.2
Allowance for inventory obsolescence 150.8 100.9 – (129.8)(3) 121.9
Deferred tax asset valuation allowance 783.4 425.2(4) – – 1,208.6
2013
Allowance for doubtful accounts receivable $134.3 $239.3 $ – $(244.0)(1) $ 129.6
Allowance for sales returns 26.8 – 340.0 (349.2)(2) 17.6
Allowance for inventory obsolescence 164.8 117.1 – (131.1)(3) 150.8
Deferred tax asset valuation allowance 627.4 156.0(4) – – 783.4
2012
Allowance for doubtful accounts receivable $138.4 $250.9 $ – $(255.0)(1) $ 134.3
Allowance for sales returns 35.8 – 386.4 (395.4)(2) 26.8
Allowance for inventory obsolescence 147.4 118.8 – (101.4)(3) 164.8
Deferred tax asset valuation allowance 546.1 81.3(4) – – 627.4
(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 deferred tax assets that are not more likely than not to be realized in the future.