Memorex 2012 Annual Report Download - page 63
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
As of December 31,
2012 2011
(In millions)
Other Current Liabilities
Rebates ............................................................. $ 44.8 $ 45.2
Accrued copyright levies ................................................. 27.7 19.7
Employee separation costs (Note 7) ........................................ 16.7 5.9
Litigation settlement — current ............................................ — 18.0
Accrued payroll ........................................................ 11.4 13.2
Accrued royalties ...................................................... 7.5 10.7
Deferred revenue ...................................................... 6.9 2.3
Hedging liability (Note 12) ................................................ 1.3 1.4
Deferred income taxes (Note 10) ........................................... 0.3 0.7
Other ............................................................... 41.8 34.1
Total other current liabilities ............................................ $158.4 $151.2
Other Liabilities
Pension liabilities ...................................................... $ 28.1 $ 29.3
Uncertain tax positions .................................................. 4.3 17.6
Deferred revenue ...................................................... 2.5 —
Deferred income taxes (Note 10) ........................................... 2.1 0.1
Other ............................................................... 15.0 22.2
Total other liabilities .................................................. $ 52.0 $ 69.2
Accounts
Receivable*
(In millions)
Reserves and Allowances
Balance, as of December 31, 2009 ............................................... $28.6
Additions ................................................................ 9.0
Write-offs, net of recoveries .................................................. (17.0)
Balance, as of December 31, 2010 ............................................... $20.6
Additions ................................................................ 10.5
Write-offs, net of recoveries .................................................. (12.7)
Balance, as of December 31, 2011 ............................................... $18.4
Additions ................................................................ 10.3
Write-offs, net of recoveries .................................................. (10.7)
Balance, as of December 31, 2012 ............................................... $18.0
* Accounts receivable reserves and allowances include estimated amounts for customer returns, discounts on payment
terms and the inability of certain customers to make the required payment.
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