Honeywell 2010 Annual Report Download - page 122
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Honeywell International Inc.
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
Three Years Ended December 31, 2010
(Dollars in millions)
Allowance for Doubtful Accounts:
Balance December 31, 2007 $ 181
Provision charged to income 93
Deductions from reserves (94)
Acquisitions 6
Balance December 31, 2008 186
Provision charged to income 177
Deductions from reserves (134)
Acquisitions 6
Balance December 31, 2009 235
Provision charged to income 145
Deductions from reserves (111)
Acquisitions 8
Balance December 31, 2010 $ 277
Deferred Tax Assets—Valuation Allowance
Balance December 31, 2007 $ 490
Additions charged to income tax expense 112
Reductions credited to income tax expense (54)
Reductions charged to deferred tax assets due to expiring NOLs (8)
Reductions charged to deferred tax assets due to capital loss carryforwards (7)
Additions charged to equity (51)
Reductions credited to goodwill (37)
Balance December 31, 2008 445
Additions charged to income tax expense 142
Reductions credited to income tax expense (30)
Reductions charged to deferred tax asset due to expired NOL 3
Reductions charged to deferred tax assets due to capital loss carryforwards (9)
Additions charged to equity 27
Balance December 31, 2009 578
Additions charged to income tax expense 129
Reductions credited to income tax expense (90)
Reductions charged to deferred tax asset due to expired NOL (7)
Reductions charged to deferred tax assets due to capital loss carryforwards (1)
Additions charged to equity (17)
Additions charged to goodwill 44
Balance December 31, 2010 $ 636
119