Avon 2015 Annual Report Download - page 138
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SCHEDULE II
AVON PRODUCTS, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Years ended December 31, 2015, 2014 and 2013
Additions
(In millions)
Description
Balance at
Beginning
of Period
Charged
to Costs
and
Expenses
Charged
to
Revenue Deductions
Balance
at End of
Period
2015
Allowance for doubtful accounts receivable $ 93.7 $144.1 $ – $(160.2)(1) $ 77.6
Allowance for sales returns 13.2 – 190.8 (194.9)(2) 9.1
Allowance for inventory obsolescence 98.9 45.4 – (73.0)(3) 71.3
Deferred tax asset valuation allowance 1,362.6 609.5(4) – – 1,972.1
2014
Allowance for doubtful accounts receivable $ 118.4 $171.1 $ – $(195.8)(1) $ 93.7
Allowance for sales returns 14.5 – 240.9 (242.2)(2) 13.2
Allowance for inventory obsolescence 113.9 78.4 – (93.4)(3) 98.9
Deferred tax asset valuation allowance 942.1 420.5(4) – – 1,362.6
2013
Allowance for doubtful accounts receivable $ 121.3 $209.2 $ – $(212.1)(1) $ 118.4
Allowance for sales returns 23.2 – 274.2 (282.9)(2) 14.5
Allowance for inventory obsolescence 134.4 82.0 – (102.5)(3) 113.9
Deferred tax asset valuation allowance 786.1 156.0(4) – – 942.1
(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.
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