Tiffany & Co. and Subsidiaries

Schedule II - Valuation and Qualifying Accounts and Reserves

(in millions)



Column A	Column B		Column C				Column D			Column E
			Additions
Description	Balance at beginning of period		Charged to costs and expenses		Charged to other accounts		Deductions			Balance at end of period
Year Ended January 31, 2016:
Reserves deducted from assets:
Accounts receivable allowances:
Doubtful accounts	$	1.8	$	4.4	$	—	$	3.0	^a	$	3.2
Sales returns	8.8		3.5		—		4.0		^b	8.3
Allowance for inventory liquidation and obsolescence	63.2		25.4		—		29.4		^c	59.2
Allowance for inventory shrinkage	2.2		0.8		—		1.8		^d	1.2
Deferred tax valuation allowance	16.2		5.3		—		2.0		^e	19.5

a) Uncollectible accounts written off.

b) Adjustment related to sales returns previously provided for.

c) Liquidation of inventory previously written down to market.

d) Physical inventory losses.

e) Reversal of deferred tax valuation allowance and utilization of deferred tax loss carryforward.

Tiffany & Co. and Subsidiaries

Schedule II - Valuation and Qualifying Accounts and Reserves

(in millions)



Column A	Column B		Column C				Column D			Column E
			Additions
Description	Balance at beginning of period		Charged to costs and expenses		Charged to other accounts		Deductions			Balance at end of period
Year Ended January 31, 2015:
Reserves deducted from assets:
Accounts receivable allowances:
Doubtful accounts	$	1.9	$	1.9	$	—	$	2.0	^a	$	1.8
Sales returns	8.5		1.9		—		1.6		^b	8.8
Allowance for inventory liquidation and obsolescence	64.1		33.6		—		34.5		^c	63.2
Allowance for inventory shrinkage	1.5		2.6		—		1.9		^d	2.2
Deferred tax valuation allowance	17.7		4.0		—		5.5		^e	16.2

a) Uncollectible accounts written off.

b) Adjustment related to sales returns previously provided for.

c) Liquidation of inventory previously written down to market.

d) Physical inventory losses.

e) Reversal of deferred tax valuation allowance and utilization of deferred tax loss carryforward.

Tiffany & Co. and Subsidiaries

Schedule II - Valuation and Qualifying Accounts and Reserves

(in millions)



Column A	Column B		Column C				Column D			Column E
			Additions
Description	Balance at beginning of period		Charged to costs and expenses		Charged to other accounts		Deductions			Balance at end of period
Year Ended January 31, 2014:
Reserves deducted from assets:
Accounts receivable allowances:
Doubtful accounts	$	2.1	$	2.3	$	—	$	2.5	^a	$	1.9
Sales returns	7.6		2.5		—		1.6		^b	8.5
Allowance for inventory liquidation and obsolescence	54.2		31.7		—		21.8		^c	64.1
Allowance for inventory shrinkage	1.2		3.1		—		2.8		^d	1.5
Deferred tax valuation allowance	14.2		5.6		—		2.1		^e	17.7

a) Uncollectible accounts written off.

b) Adjustment related to sales returns previously provided for.

c) Liquidation of inventory previously written down to market.

d) Physical inventory losses.

e) Reversal of deferred tax valuation allowance and utilization of deferred tax loss carryforward.