UPS 2008 Annual Report Download - page 57

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of risk. Continued deterioration in macro economic variables could result in our ultimate loss exposures on our
accounts receivable being significantly higher than what we have currently estimated and reserved for in our
allowance for doubtful accounts. Our total allowance for doubtful accounts as of December 31, 2008 and 2007
was $155 and $163 million, respectively. Our total provision for doubtful accounts charged to expense during the
years ended December 31, 2008, 2007, and 2006 was $277, $225, and $159 million, respectively.
Forward-Looking Statements
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other parts
of this report contain “forward-looking” statements about matters that inherently are difficult to predict. The
words “believes,” “expects,” “anticipates,” “we see,” and similar expressions are intended to identify forward-
looking statements. These statements include statements regarding our intent, belief and current expectations
about our strategic direction, prospects and future results. We have described some of the important factors that
affect these statements as we discussed each subject. Forward-looking statements involve risks and uncertainties,
and certain factors may cause actual results to differ materially from those contained in the forward-looking
statements.
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