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Other Financial Data | 6 Months Ended
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Jun. 30, 2024
Other Financial Data [Abstract] |
Other Financial Data | Other Financial Data Condensed Consolidated Statements of Income Information Other Income (Expense) Other income (expense) consists of the following (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Gain from sales of businesses |  | $ | 257 |  |  | $ | — |  |  | $ | 257 |  |  | $ | — |
Foreign currency remeasurement |  | 5 |  |  | (37) |  |  | 9 |  |  | (56) |
Equity earnings |  | 1 |  |  | (1) |  |  | 3 |  |  | 2 |
Pension and other postretirement |  | (11) |  |  | (43) |  |  | (21) |  |  | (60) |
Extinguishment of debt |  | (6) |  |  | — |  |  | (6) |  |  | — |
Financial instruments and other (1) |  | (10) |  |  | 22 |  |  | 69 |  |  | 30 |
Total |  | $ | 236 |  |  | $ | (59) |  |  | $ | 311 |  |  | $ | (84) |
(1)In first quarter of 2024, an $82 million gain was recognized related to deferred consideration from the affiliates of The Blackstone Group L.P. and the other designated purchasers related to a divestiture completed in a prior year period. Refer to Note 7 “Acquisitions and Dispositions of Businesses” for additional information. Condensed Consolidated Statements of Financial Position Information Allowance for Doubtful Accounts Changes in the net carrying amount of allowance for doubtful accounts are as follows (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Balance at beginning of period |  | $ | 81 |  |  | $ | 83 |  |  | $ | 79 |  |  | $ | 76 |
Provision |  | 6 |  |  | 2 |  |  | 11 |  |  | 9 |
Accounts written off, net of recoveries |  | — |  |  | (3) |  |  | (2) |  |  | (3) |
Foreign currency translation and other |  | — |  |  | 1 |  |  | (1) |  |  | 1 |
Balance at end of period |  | $ | 87 |  |  | $ | 83 |  |  | $ | 87 |  |  | $ | 83 |
Other Current Assets The components of Other current assets are as follows (in millions):
As of | June 30, 2024 |  | December 31, 2023
Assets held for sale (1) | $ | 359 |  |  | $ | 354 |
Costs to fulfill contracts with customers (2) | 264 |  |  | 370 |
Prepaid expenses | 176 |  |  | 100 |
Taxes receivable | 37 |  |  | 35 |
Other | 227 |  |  | 137 |
Total | $ | 1,063 |  |  | $ | 996 |
(1)Refer to Note 7 “Acquisitions and Dispositions of Businesses” for further information. (2)Refer to Note 3 “Revenue from Contracts with Customers” for further information. Other Non-Current Assets The components of Other non-current assets are as follows (in millions):
As of | June 30, 2024 |  | December 31, 2023
Costs to obtain contracts with customers (1) | $ | 196 |  |  | $ | 195 |
Taxes receivable | 92 |  |  | 100 |
Investments | 83 |  |  | 45 |
Leases | 17 |  |  | 26 |
Other | 241 |  |  | 140 |
Total | $ | 629 |  |  | $ | 506 |
(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information. Other Current Liabilities The components of Other current liabilities are as follows (in millions):
As of | June 30, 2024 |  | December 31, 2023
Deferred revenue (1) | $ | 391 |  |  | $ | 270 |
Taxes payable | 337 |  |  | 291 |
Leases | 203 |  |  | 182 |
Contingent consideration | 106 |  |  | — |
Liabilities held for sale (2) | 64 |  |  | 69 |
Other | 1,209 |  |  | 1,066 |
Total | $ | 2,310 |  |  | $ | 1,878 |
(1)During the three and six months ended June 30, 2024, revenue of $199 million and $378 million, respectively, was recognized in the Condensed Consolidated Statements of Income. During the three and six months ended June 30, 2023, revenue of $169 million and $336 million, respectively, was recognized in the Condensed Consolidated Statements of Income. (2)Refer to Note 7 “Acquisitions and Dispositions of Businesses” for further information. Other Non-Current Liabilities The components of Other non-current liabilities are as follows (in millions):
As of | June 30, 2024 |  | December 31, 2023
Taxes payable (1) | $ | 848 |  |  | $ | 827 |
Contingent consideration | 91 |  |  | — |
Compensation and benefits | 59 |  |  | 59 |
Deferred revenue | 34 |  |  | 33 |
Leases | — |  |  | 10 |
Other | 103 |  |  | 145 |
Total | $ | 1,135 |  |  | $ | 1,074 |
(1)Includes $72 million for the non-current portion of the one-time mandatory transition tax on accumulated foreign earnings as of December 31, 2023.

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