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Valuation and Qualifying Accounts
12 Months Ended
Dec. 31, 2011
Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

NATIONAL OILWELL VARCO, INC.

VALUATION AND QUALIFYING ACCOUNTS

Years Ended December 31, 2011, 2010 and 2009

(in millions)

 

                                 
    Balance
beginning of
year
    Additions
(Deductions)
charged to
costs and
expenses
    Charge off’s
and other
    Balance
end of
year
 

Allowance for doubtful accounts:

                               

2011

  $ 107     $ 9     $ (9   $ 107  

2010

    95       39       (27     107  

2009

    73       53       (31     95  
         

Allowance for excess and obsolete inventories:

                               

2011

  $ 270     $ 70     $ (59   $ 281  

2010

    206       106       (42     270  

2009

    123       100       (17     206  
         

Valuation allowance for deferred tax assets:

                               

2011

  $ 9     $ 4     $ —       $ 13  

2010

    8       1       —         9  

2009

    10       —         (2     8  
         

Warranty reserve:

                               

2011

  $ 215     $ 40     $ (44   $ 211  

2010

    217       52       (54     215  

2009

    114       144       (41     217