Baker Hughes 2007 Annual Report Download - page 158

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2007 Form 10-K 75
BAKER HUGHES INCORPORATED
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
Deductions
Balance at Additions Charged Reversal Charged Balance at
Beginning to Cost and of Prior to Other End of
(In millions) of Period Expenses Deductions(1) Write-offs(2) Accounts (3) Period
Year ended December 31, 2007:
Reserve for doubtful accounts receivable $ 50.5 $ 36.2 $ (14.2) $ (10.0) $ (3.5) $ 59.0
Reserve for inventories 211.7 43.4 – (37.2) 3.3 221.2
Year ended December 31, 2006:
Reserve for doubtful accounts receivable 51.4 27.5 (20.2) (11.3) 3.1 50.5
Reserve for inventories 201.3 44.9 – (38.8) 4.3 211.7
Year ended December 31, 2005:
Reserve for doubtful accounts receivable 50.2 28.3 (14.8) (8.0) (4.3) 51.4
Reserve for inventories 220.0 31.4 – (42.1) (8.0) 201.3
(1) Represents the reversals of prior accruals as receivables are collected.
(2) Represents the elimination of accounts receivable and inventory deemed uncollectible or worthless.
(3) Represents reclasses, currency translation adjustments and divestitures.