Dow Chemical 2013 Annual Report Download - page 167

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The Dow Chemical Company and Subsidiaries Schedule II
Valuation and Qualifying Accounts
In millions For the Years Ended December 31
COLUMN A COLUMN B COLUMN C - Additions COLUMN D COLUMN E
Description
Balance
at Beginning
of Year
Charged to
Costs and
Expenses
Charged to
Other
Accounts
Deductions
from
Reserves
Balance
at End
of Year
2013
RESERVES DEDUCTED FROM ASSETS TO WHICH THEY APPLY:
For doubtful receivables $ 121 $ 65 $ — $ 38 (2) $ 148
Other investments and
noncurrent receivables $ 467 $ 39 $ — $ 52 $ 454
Deferred tax assets $ 1,399 $ 214 $ — $ 501 $ 1,112
2012
RESERVES DEDUCTED FROM ASSETS TO WHICH THEY APPLY:
For doubtful receivables $ 121 $ 81 $ 11 (1) $ 92 (2) $ 121
Other investments and
noncurrent receivables $ 458 $ 25 $ — $ 16 $ 467
Deferred tax assets $ 1,152 $ 335 $ — $ 88 $ 1,399
2011
RESERVES DEDUCTED FROM ASSETS TO WHICH THEY APPLY:
For doubtful receivables $ 128 $ 16 $ 2 (1) $ 25 (2) $ 121
Other investments and
noncurrent receivables $ 518 $ 88 $ — $ 148 $ 458
Deferred tax assets $ 682 $ 477 $ — $ 7 $ 1,152
(1) Additions to reserves for doubtful receivables charged to other accounts were classified as "Accounts and notes receivable - Other" in
the consolidated balance sheets. These reserves relate to the Company's sale of trade accounts receivable. Anticipated credit losses in the
portfolio of receivables sold are used to fair value the Company's interests held in trade accounts receivable conduits. See Notes 11 and
15 to the Consolidated Financial Statements for further information.
(2) 2013 2012 2011
Deductions represent:
Notes and accounts receivable written off $ 28 $ 62 $ 18
Reclassification of reserve for cash discounts and
returns to accounts receivable — 21 —
Credits to profit and loss 7 1 3
Sale of trade accounts receivable (see Note 15 to the
Consolidated Financial Statements) 1 3 —
Miscellaneous other 2 5 4
$ 38 $ 92 $ 25