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Valuation Accounts and Reserves
 12 Months Ended
Dec. 31, 2016
Valuation Accounts and Reserves [Abstract]  
Valuation Accounts and Reserves







 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

(Millions of dollars)

Balance at
January 1

 

Charged
(Credited)
to Expense

 

Deductions

 

Other*

 

Balance at
December 31

2016

 

 

 

 

 

 

 

 

 

 

Deducted from asset accounts:

 

 

 

 

 

 

 

 

 

 

        Allowance for doubtful accounts

$

 1.6 

 

– 

 

– 

 

– 

 

 1.6 

        Deferred tax asset valuation allowance

 

 294.4 

 

 25.7 

 

– 

 

 (14.7)

 

 305.4 

2015

 

 

 

 

 

 

 

 

 

 

Deducted from asset accounts:

 

 

 

 

 

 

 

 

 

 

        Allowance for doubtful accounts

$

 1.6 

 

– 

 

– 

 

– 

 

 1.6 

        Deferred tax asset valuation allowance

 

 306.5 

 

 40.8 

 

– 

 

 (52.9)

 

 294.4 

2014

 

 

 

 

 

 

 

 

 

 

Deducted from asset accounts:

 

 

 

 

 

 

 

 

 

 

        Allowance for doubtful accounts

$

 1.6 

 

– 

 

– 

 

– 

 

 1.6 

        Deferred tax asset valuation allowance

 

 633.7 

 

 37.7 

 

– 

 

 (364.9)

 

 306.5 



*Amount in 2016 for deferred tax asset valuations is primarily associated with an increase in foreign tax credit carry forwards.   Amount in 2015 for deferred tax asset valuation allowance is primarily associated with utilization of foreign tax credit carry forwards.  Amount in 2014 for deferred tax asset valuation allowance is primarily associated with final abandonment of certain foreign investments in 2014, essentially offsetting changes in deferred tax assets.