Valero 2015 Annual Report Download - page 81

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Table of Contents
VALERO ENERGY CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
VLP and transactions under subordinated credit agreements between VLP and us, are eliminated in consolidation.
5. RECEIVABLES
Receivables consisted of the following (in millions):
December 31,
2015
2014
Accounts receivable $ 4,105
$ 5,509
Commodity derivative and foreign currency
contract receivables 147
151
Other receivables 247
256
4,499
5,916
Allowance for doubtful accounts (35)
(37)
Receivables, net $ 4,464
$ 5,879
Changes in the allowance for doubtful accounts consisted of the following (in millions):
Year Ended December 31,
2015
2014
2013
Balance as of beginning of year $ 37
$ 46
$ 56
Increase in allowance charged to expense 7
7
13
Accounts charged against the allowance,
net of recoveries (9)
(15)
(23)
Foreign currency translation —
(1)
—
Balance as of end of year $ 35
$ 37
$ 46
75