Honeywell 2007 Annual Report Download - page 155
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HONEYWELL INTERNATIONAL INC
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
Three Years Ended December 31, 2007
(In millions)
Allowance for Doubtful Accounts:
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
Provision charged to income 79
Deductions from reserves(1) (115)
Balance December 31, 2007 $ 181
(1) Represents uncollectible accounts written off, less recoveries, translation adjustments and reserves acquired.
Deferred Tax Assets—Valuation Allowance
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
Additions charged to income tax expense 56
Reductions credited to income tax expense (114)
Additions charged to equity 28
Reductions credited to deferred tax assets, due to expired NOL (19)
Additions charged to deferred tax assets, due to capital loss carryforwards 51
Reductions credited to goodwill (28)