Northrop Grumman 2009 Annual Report Download - page 127

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SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
($ in millions)
Description
Balance at
Beginning
of Period
Additions
At Cost
Changes –
Add
(Deduct)
Balance at
End
of Period
Year ended December 31, 2007
(2)
Reserves and allowances deducted from asset accounts
(1)
Allowances for doubtful amounts $ 304 $124 $(143) $285
Valuation allowance on deferred tax assets 1,300 3 (711) 592
Year ended December 31, 2008
(2)
Reserves and allowances deducted from asset accounts
(1)
Allowances for doubtful amounts $ 285 $121 $(106) $300
Valuation allowance on deferred tax assets 592 (559) 33
Year ended December 31, 2009
(2)
Reserves and allowances deducted from asset accounts
(1)
Allowances for doubtful amounts $ 300 $222 $(198) $324
Valuation allowance on deferred tax assets 33 (33)
(1) Uncollectible amounts written off, net of recoveries.
(2) Certain prior-period information has been reclassified to conform to the current year’s presentation.
-117-
NORTHROP GRUMMAN CORPORATION
eBP - v54508-i003_a.pdf - Page 121 of 124 - March 11, 2010 - 20:02:40