LabCorp 2014 Annual Report Download - page 124
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F-45
Schedule II
LABORATORY CORPORATION OF AMERICA HOLDINGS AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
Years Ended December 31, 2014, 2013 and 2012
(Dollars in millions)
Balance at
beginning
of year
Additions
Charged to Costs
and Expense
(1)
Other
(Deductions)
Additions
Balance
at end
of year
Year ended December 31, 2014:
Applied against asset accounts:
Allowance for doubtful accounts $ 198.3 $ 276.5 $ (263.2) $ 211.6
Valuation allowance-deferred tax assets $ 16.5 $ 0.6 $ — $ 17.1
Year ended December 31, 2013:
Applied against asset accounts:
Allowance for doubtful accounts $ 191.5 $ 254.8 $ (248.0) $ 198.3
Valuation allowance-deferred tax assets $ 18.4 $ 0.2 $ (2.1) $ 16.5
Year ended December 31, 2012:
Applied against asset accounts:
Allowance for doubtful accounts $ 197.6 $ 246.0 $ (252.1) $ 191.5
Valuation allowance-deferred tax assets $ 14.4 $ 2.1 $ 1.9 $ 18.4
(1) Other (Deductions) Additions consists primarily of write-offs of accounts receivable amounts.