Accounts Receivable, Net

6 Months Ended

Jun. 30, 2017

Accounts receivable as of June 30, 2017 of $2,755.2 million (December 31, 2016: $2,616.5 million), are stated at the invoiced amount and net of reserve for discounts and doubtful accounts of $182.0 million (December 31, 2016: $169.6 million).

Reserve for discounts and doubtful accounts:



(In millions)	2017			2016
As of January 1,	$	169.6		$	55.8
Provision charged to operations	600.3			269.6
Payments/credits	(587.9		)	(201.0		)
As of June 30,	$	182.0		$	124.4

As of June 30, 2017, accounts receivable included $99.0 million (December 31, 2016: $102.2 million) related to royalty receivable.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details