National Oilwell Varco 2012 Annual Report Download - page 101

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Index to Financial Statements
SCHEDULE VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II
NATIONAL OILWELL VARCO, INC.
VALUATION AND QUALIFYING ACCOUNTS
Years Ended December 31, 2011, 2010 and 2009
(in millions)
Balance
beginning of
year
Additions
(Deductions)
charged to
costs and
expenses Charge off๎‚€s
and other
Balance
end of
year
Allowance for doubtful accounts:
2011 $ 107 $ 9 $ (9) $ 107
2010 95 39 (27) 107
2009 73 53 (31) 95
Allowance for excess and obsolete inventories:
2011 $ 270 $ 70 $ (59) $ 281
2010 206 106 (42) 270
2009 123 100 (17) 206
Valuation allowance for deferred tax assets:
2011 $ 9 $ 4 $ ๎‚… $ 13
2010 8 1 ๎‚… 9
2009 10 ๎‚… (2) 8
Warranty reserve:
2011 $ 215 $ 40 $ (44) $ 211
2010 217 52 (54) 215
2009 114 144 (41) 217
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