McKesson 2006 Annual Report Download - page 20

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McKESSON CORPORATION
SCHEDULE II
SUPPLEMENTARY CONSOLIDATED FINANCIAL STATEMENT SCHEDULE
VALUATION AND QUALIFYING ACCOUNTS
For the Years Ended March 31, 2006, 2005 and 2004
(In millions)
19
Additions
Deductions
Balance at Char
g
ed to Char
g
ed to From Balance at
Be
g
innin
g
o
f
Costs and Other Allowance End of
Descri
p
tion Year Ex
p
enses Accounts Accounts(1) Year (2)
Year Ended March 31, 2006
Allowances for doubtful accounts $ 117 $ 28 $22 $(39)
(3) $128
Other allowances 43
—
1 (4)40
$ 160 $ 28 $ 23 $ (43) $ 168
Year Ended March 31, 2005
Allowances for doubtful accounts $ 139 $ 16 $ 10 $ (48)(4) $117
Other allowances 38 9 5 (9)43
$ 177 $ 25 $ 15 $ (57) $ 160
Year Ended March 31, 2004
Allowances for doubtful accounts $ 261 $ 54(5) $— $(176)
(4) $139
Other allowances 29 21 1 (13)38
$ 290 $ 75 $ 1 $ (189) $ 177
2006 2005 2004
(1) Deductions:
Written off $23 $ 49 $122
Credited to other accounts 20 8 67
Total $43 $ 57 $189
(2) Amounts shown as deductions from current receivables $ 168 $ 160 $ 177
(3) Includes a $15 million recovery of a previously reserved doubtful account.
(4) Includes $4 million and $66 million in 2005 and 2004 in reversals of the allowance for customer settlements.
(5) Includes a $30 million provision for a customer bankruptcy.