McKesson 2008 Annual Report Download - page 27

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McKESSON CORPORATION
20
SCHEDULE II
SUPPLEMENTARY CONSOLIDATED FINANCIAL STATEMENT SCHEDULE
VALUATION AND QUALIFYING ACCOUNTS
For the Years Ended March 31, 2008, 2007 and 2006
(In millions)
Additions
Description
Balance at
Beginning of
Year
Charged to
Costs and
Expenses
Charged to
Other
Accounts (3)
Deductions
From
Allowance
Accounts (1)
Balance at
End of
Year (2)
Year Ended March 31, 2008
Allowances for doubtful
accounts ..................................$ 139 $ 41 $ 17 $ (34) $ 163 (4)
Other allowances ........................ 11 - - (2) 9
$ 150 $ 41 $ 17 $ (36) $ 172
Year Ended March 31, 2007
Allowances for doubtful
accounts ..................................$ 124 $ 24 $ 15 $ (24) $ 139 (4)
Other allowances ........................ 7 4 - - 11
$ 131 $ 28 $ 15 $ (24) $ 150
Year Ended March 31, 2006
Allowances for doubtful
accounts ..................................$ 113 $ 26 (5) $ 23 $ (38) (5) $124
Other allowances ........................ 3 3 1 - 7
$ 116 $ 29 $ 24 $ (38) $ 131
2008 2007 2006
(1) Deductions:
Written off ..........................................................................$ 32 $ 24 $ 23
Credited to other accounts................................................... 2 - 15 (5)
Total....................................................................................$ 34 $ 24 $ 38
(2) Amounts shown as deductions from receivables $ 172 $ 150 $ 131
(3) Primarily represents additions relating to acquisitions.
(4) Includes a $10 million allowance for non-current receivables.
(5) Includes a $15 million recovery of a previously reserved doubtful account.