Dana Holding Corporation Schedule II Valuation and Qualifying Accounts and Reserves (In millions) 88 Balance at beginning of period Amounts charged (credited) to income Allowance utilized Adjustments arising from change in currency exchange  rates and other  items Balance at end of period For the Year Ended December 31, 2014 Amounts deducted from assets: Allowance for doubtful receivables $ 7 $ 1 $ (1) $ (1) $ 6 Inventory reserves 48 20 (15) (5) 48 Valuation allowance for deferred tax assets 982 (246) (7) (1) 728 Total allowances deducted from assets $ 1,037 $ (225) $ (23) $ (7) $ 782 For the Year Ended December 31, 2013 Amounts deducted from assets: Allowance for doubtful receivables $ 8 $ — $ (1) $ — $ 7 Inventory reserves 51 16 (19) — 48 Valuation allowance for deferred tax assets 1,184 (143) (8) (51) 982 Total allowances deducted from assets $ 1,243 $ (127) $ (28) $ (51) $ 1,037 For the Year Ended December 31, 2012 Amounts deducted from assets: Allowance for doubtful receivables $ 8 $ 1 $ (1) $ — $ 8 Inventory reserves 55 6 (12) 2 51 Valuation allowance for deferred tax assets 1,334 (114) (79) 43 1,184 Total allowances deducted from assets $ 1,397 $ (107) $ (92) $ 45 $ 1,243