Baker Hughes 2014 Annual Report Download - page 116
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91
Baker Hughes Incorporated
Schedule II - Valuation and Qualifying Accounts
(In millions)
Balance at
Beginning
of Period
Charged to
Cost and
Expenses Write-
offs (1) Other
Changes (2) (3)
Balance at
End of
Period
Year Ended December 31, 2014
Reserve for doubtful accounts receivable $ 238 $ 102 $ (71) $ (45) $ 224
Reserve for inventories 382 37 (92) (8) 319
Year Ended December 31, 2013
Reserve for doubtful accounts receivable 308 75 (115) (30) 238
Reserve for inventories 346 85 (46) (3) 382
Year Ended December 31, 2012
Reserve for doubtful accounts receivable 229 100 (22) 1 308
Reserve for inventories 304 68 (28) 2 346
(1) Represents the elimination of accounts receivable and inventory deemed uncollectible or worthless.
(2) Represents transfers, currency translation adjustments and divestitures.
(3) For the year ended December 31, 2014 and 2013, the reserve for doubtful accounts receivable includes a
$39 million and $30 million reduction, respectively, due to the currency devaluation in Venezuela.