Annual report pursuant to Section 13 and 15(d)

SCHEDULE II - Valuation and Qualifying Accounts

v3.8.0.1
SCHEDULE II - Valuation and Qualifying Accounts
12 Months Ended
Dec. 31, 2017
SCHEDULE II Valuation and Qualifying Accounts  
SCHEDULE II Valuation and Qualifying Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the years ended December 31, 2017, 2016, and 2015

Column A

 

Column B

 

Column C

 

Column D

 

Column E

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additions

 

 

 

 

 

 

 

 

Balance at

 

Charged to

 

Charged to

 

 

 

Balance at

 

 

Beginning of

 

Costs and

 

Other

 

 

 

End of

Description

 

Period

 

Expenses

 

Accounts

 

Deductions

 

Period

Allowances for doubtful accounts, deducted from accounts receivable in the balance sheet:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

3,374

 

$

3,231

 

$

 ―

 

$

(2,932)

(a)

$

3,673

2016

 

$

3,399

 

$

3,292

 

$

 ―

 

$

(3,317)

(a)

$

3,374

2015

 

$

3,961

 

$

4,219

 

$

 ―

 

$

(4,781)

(a)

$

3,399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation allowance on deferred tax assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

 ―

 

$

 ―

 

$

 ―

 

$

 ―

 

$

 ―

2016

 

$

815

 

$

 ―

 

$

 ―

 

$

(815)

 

$

 ―

2015

 

$

454,610

 

$

 ―

 

$

 ―

 

$

(453,795)

(b)

$

815


(a)

Deductions representing uncollectible accounts written off, less recoveries of accounts written off in prior years.

(b)

Of the $453.8 million, $47.2 million (of which $13.5 million was related to federal deferred tax assets and $33.7 million was related to state and local deferred tax assets, before federal tax benefit) is reflected in our Consolidated Statements of Operations in income tax benefit (expense) from continuing operations.  The remaining $406.6 million was related to federal and state net operating losses that were utilized by Masco in their separate consolidated return and written off at the time of Separation with the related deferred assets.