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ACCOUNTS AND OTHER RECEIVABLES
6 Months Ended
Jun. 30, 2012
ACCOUNTS AND OTHER RECEIVABLES

8. ACCOUNTS AND OTHER RECEIVABLES

Accounts and other receivables consisted of the following:

 

     June 30, 2012     December 31, 2011  
     Current     Long-term     Current     Long-term  

Trade accounts receivable

   $ 530.9      $ —        $ 461.3      $ —     

Notes receivable:

        

Customer-related

     .7        2.8        2.9        2.4   

Notes received as partial payment for divestitures

     .5        10.2        3.5        10.4   

Other

     3.5        1.8        3.4        2.3   

Income tax receivables

     6.8        —          29.1        —     

Other receivables

     34.8        —          27.7        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Total accounts and other receivables

     577.2        14.8        527.9        15.1   

Allowance for doubtful accounts:

        

Trade accounts receivable

     (19.2     —          (21.9     —     

Notes receivable:

        

Customer-related

     —          (.7     —          (.7

Notes received as partial payment for divestitures

     —          (.8     (2.3     (.4

Other

     (.4     (.6     (.1     (.6
  

 

 

   

 

 

   

 

 

   

 

 

 

Total allowance for doubtful accounts

     (19.6     (2.1     (24.3     (1.7
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net receivables

   $ 557.6      $ 12.7      $ 503.6      $ 13.4   
  

 

 

   

 

 

   

 

 

   

 

 

 

Notes are evaluated individually for impairment, and we had no significant impaired notes for the periods presented.

Our investment in notes that were past due more than 90 days was less than $2.0 at June 30, 2012 and less than $5.0 at December 31, 2011, of which approximately $1.0 and $4.0 had been placed on non-accrual status, respectively.

Activity related to the allowance for doubtful accounts is reflected below:

 

     Balance at
December 31,
2011
     2012
Charges
     2012
Charge-
offs,
net of
recoveries
    Balance at
June 30,
2012
 

Trade accounts receivable

   $ 21.9       $ 2.5       $ (5.2   $ 19.2   

Notes receivable:

          

Customer-related

     .7         —           —          .7   

Notes received as partial payment for divestitures

     2.7         .7         (2.6     .8   

Other

     .7         .3         —          1.0   
  

 

 

    

 

 

    

 

 

   

 

 

 
   $ 26.0       $ 3.5       $ (7.8   $ 21.7