SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2012

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

Years Ended December 31, 2012, 2011 and 2010 (in millions)

Description	Balance 12/31/2011		Additions or (deductions) charged or (credited) to expenses			Other additions or (deductions)			Balance 12/31/2012
Reserves deducted from related assets:
Doubtful accounts receivable—continuing operations	$	1.3	$	4.6		$	(1.2	)(1)	$	4.7
Deferred tax asset valuation allowance	$	21.2	$	(1.2	)	$	1.0	(2)	$	21.0
Environmental accruals	$	69.4	$	1.6		$	(2.9	)(3)	$	68.1

(1) Principally bad debt write-offs and recoveries.

(2) Valuation allowances inherited as part of Umeco acquisition.

(3) Environmental remediation spending of $3.9, favorable exchange impact of $0.4, and acquired Umeco accruals of $0.7.

Description	Balance 12/31/2010		Additions or (deductions) charged or (credited) to expenses			Other additions or (deductions)			Balance 12/31/2011
Reserves deducted from related assets:
Doubtful accounts receivable—continuing operations	$	0.5	$	0.8		$	0.0		$	1.3
Deferred tax asset valuation allowance	$	21.6	$	(0.4	)	$	0.0		$	21.2
Environmental accruals	$	64.7	$	8.7		$	(4.0	)(1)	$	69.4

(1) Environmental remediation spending of $3.9 and unfavorable exchange impact of $0.1.

Description	Balance 12/31/2009		Additions or (deductions) charged or (credited) to expenses			Other additions or (deductions)			Balance 12/31/2010
Reserves deducted from related assets:
Doubtful accounts receivable—continuing operations	$	1.2	$	0.0		$	(0.7	)(1)	$	0.5
Deferred tax asset valuation allowance	$	25.1	$	(3.5	)	$	0.0		$	21.6
Environmental accruals	$	60.8	$	8.2		$	(4.3	)(2)	$	64.7

(1) Principally bad debt write-offs and recoveries.

(2) Environmental remediation spending of $4.6 and favorable exchange impact of $0.3.