SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Jun. 30, 2012

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS

CARPENTER TECHNOLOGY CORPORATION AND SUBSIDIARIES

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS

($ in millions)

Column A	Column B		Column C						Column D			Column E
			Additions
Description	Balance at Beginning of Period		Charged to Costs & Expenses			Charged to Other Accounts			Deductions			Balance at End of Period
Year ended June 30, 2012
Allowance for doubtful accounts receivable	$	2.7	$	0.7		$	1.7	*	$	(0.2	)	$	4.9
Deferred tax valuation allowance	$	17.5	$	0.6		$	—		$	—		$	18.1
Inventory reserves	$	12.0	$	1.2		$	5.2	*	$	(0.2	)	$	18.2
Year ended June 30, 2011
Allowance for doubtful accounts receivable	$	2.7	$	(0.2	)	$	—		$	0.2		$	2.7
Deferred tax valuation allowance	$	17.6	$	(0.2	)	$	—		$	0.1		$	17.5
Inventory reserves	$	15.2	$	(3.5	)	$	—		$	0.3		$	12.0
Year ended June 30, 2010
Allowance for doubtful accounts receivable	$	2.8	$	(0.1	)	$	—		$	—		$	2.7
Deferred tax valuation allowance	$	17.9	$	(0.4	)	$	—		$	0.1		$	17.6
Inventory reserves	$	16.0	$	(0.9	)	$	—		$	0.1		$	15.2

*Amount represents balance acquired through the Latrobe acquisition