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Assets
6 Months Ended
Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Assets
ASSETS
Other current assets consisted of the following:
 
June 30,
2016
 
December 31,
2015
 
 
 
 
 
(in millions)
Value added tax receivable
$
182

 
$
198

Prepaid insurance and other expenses
60

 
78

Reimbursable engineering costs
67

 
55

Notes receivable
27

 
25

Income and other taxes receivable
46

 
44

Deposits to vendors
8

 
8

Derivative financial instruments (Note 14)
4

 

Other
1

 
23

Total
$
395

 
$
431


Other long-term assets consisted of the following:
 
June 30,
2016
 
December 31,
2015
 
 
 
 
 
(in millions)
Deferred income taxes, net
$
227

 
$
238

Unamortized Revolving Credit Facility debt issuance costs (Note 8)
9

 
12

Income and other taxes receivable
75

 
54

Reimbursable engineering costs
29

 
43

Value added tax receivable
31

 
24

Cost method investments
26

 
23

Derivative financial instruments (Note 14)
2

 

Other
65

 
65

Total
$
464

 
$
459