Kraft 2006 Annual Report Download - page 112

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KRAFT FOODS INC. and SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
for the years ended December 31, 2006, 2005 and 2004
(in millions)
Col. A
Col. B
Col. C
Col. D
Col. E
Additions
Description
Balance at
Beginning
of Period
Charged to
Costs and
Expenses
Charged to
Other
Accounts
Deductions
Balance at
End of
Period
(a)
(b)
2006:
Allowance for discounts $ 11 $ 3 $ — $ 7 $ 7
Allowance for doubtful accounts 107 12 4 20 103
Allowance for deferred taxes 135 3 1 39 100
$ 253 $ 18 $ 5 $ 66 $ 210
2005:
Allowance for discounts $ 12 $ 31 $ — $ 32 $ 11
Allowance for doubtful accounts 134 10 (13) 24 107
Allowance for deferred taxes 115 21 5 6 135
$ 261 $ 62 $ (8) $ 62 $ 253
2004:
Allowance for discounts $ 12 $ 31 $ — $ 31 $ 12
Allowance for doubtful accounts 130 26 5 27 134
Allowance for deferred taxes 119 7 3 14 115
$ 261 $ 64 $ 8 $ 72 $ 261
Notes:
(a)
Primarily related to divestitures, acquisitions and currency translation.
(b)
Represents charges for which allowances were created.
S-2
Source: KRAFT FOODS INC, 10-K, March 01, 2007