Honeywell 2006 Annual Report Download - page 142

HONEYWELL INTERNATIONAL INC
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
Three Years Ended December 31, 2006
(In millions)
Allowance for Doubtful Accounts:
Balance December 31, 2003 $ 150
Provision charged to income 100
Deductions from reserves(1) (113)
Balance December 31, 2004 137
Provision charged to income 83
Deductions from reserves(1) (71)
Acquisitions 30
Balance December 31, 2005 179
Provision charged to income 111
Deductions from reserves(1) (77)
Acquisitions 4
Balance December 31, 2006 $ 217
(1) Represents uncollectible accounts written off, less recoveries, translation adjustments and reserves acquired.
Deferred Tax Assets—Valuation Allowance
Balance December 31, 2003 $ 299
Additions charged to income tax expense 145
Reductions credited to income tax expense (108)
Additions charged to goodwill, due to acquisitions 2
Balance December 31, 2004 338
Additions charged to income tax expense 46
Reductions credited to income tax expense (126)
Additions charged to goodwill, due to acquisitions 219
Balance December 31, 2005 477
Additions charged to income tax expense 40
Reductions credited to income tax expense (3)
Reductions charged to goodwill, due to acquisitions (24)
Additions charged to other comprehensive income (loss), upon adoption of
SFAS No. 158 28
Reductions charged to deferred tax asset, due to expired NOL (2)
Balance December 31, 2006 $ 516
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