LabCorp 2015 Annual Report Download - page 130

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Index





VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
Years Ended December 31, 2015, 2014 and 2013
(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, 2015:
Applied against asset accounts:
Allowance for doubtful accounts $ 211.6
$ 265.4
$ (260.0)
$ 217.0
Valuation allowance-deferred tax assets $ 17.1
$ —
$ (2.0)
$ 15.1
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
(1) Other (Deductions) Additions consists primarily of write-offs of accounts receivable amounts.
F-50