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Balance Sheet Information | 12 Months Ended
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Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract] |
Balance Sheet information | BALANCE SHEET INFORMATION Detailed balance sheet data is as follows:
| December 31,
(in millions) | 2019 |  | 2018
Receivables, net: |  |  |  |  |
Customers | $ | 1,713 |  |  | $ | 1,728 |
Indirect taxes | 106 |  |  | 114 |
Other | 108 |  |  | 153 |
Gross receivables | 1,927 |  |  | 1,995 |
Bad debt allowance (a) | (6 | ) |  | (7 | )
Total receivables, net | $ | 1,921 |  |  | $ | 1,988 |
Inventories, net: |  |  |  |  |
Raw material and supplies | $ | 502 |  |  | $ | 485 |
Work in progress | 113 |  |  | 114 |
Finished goods | 207 |  |  | 199 |
FIFO inventories | 822 |  |  | 798 |
LIFO reserve | (15 | ) |  | (17 | )
Total inventories, net | $ | 807 |  |  | $ | 781 |
Prepayments and other current assets: |  |  |  |  |
Prepaid taxes | $ | 95 |  |  | $ | 84 |
Prepaid tooling | 83 |  |  | 83 |
Other | 98 |  |  | 83 |
Total prepayments and other current assets | $ | 276 |  |  | $ | 250 |
Property, plant and equipment, net: |  |  |  |  |
Land and land use rights | $ | 105 |  |  | $ | 108 |
Buildings | 755 |  |  | 763 |
Machinery and equipment | 2,971 |  |  | 2,851 |
Capital leases | 1 |  |  | 3 |
Construction in progress | 360 |  |  | 426 |
Property, plant and equipment, gross | 4,192 |  |  | 4,151 |
Accumulated depreciation | (1,513 | ) |  | (1,474 | )
Property, plant and equipment, net, excluding tooling | 2,679 |  |  | 2,677 |
Tooling, net of amortization | 246 |  |  | 227 |
Property, plant and equipment, net | $ | 2,925 |  |  | $ | 2,904 |
Investments and other long-term receivables: |  |  |  |  |
Investment in equity affiliates | $ | 256 |  |  | $ | 244 |
Cost method investments | 60 |  |  | 8 |
Other long-term asbestos-related insurance receivables* | — |  |  | 303 |
Other long-term receivables* | 2 |  |  | 37 |
Total investments and other long-term receivables | $ | 318 |  |  | $ | 592 |
Other non-current assets: |  |  |  |  |
Operating leases | $ | 85 |  |  | $ | — |
Deferred income taxes* | 79 |  |  | 198 |
Deferred asbestos-related insurance asset* | — |  |  | 83 |
Other | 215 |  |  | 221 |
Total other non-current assets | $ | 379 |  |  | $ | 502 |
| December 31,
(in millions) | 2019 |  | 2018
Accounts payable and accrued expenses: |  |  |  |  |
Trade payables | $ | 1,325 |  |  | $ | 1,485 |
Payroll and employee related | 233 |  |  | 233 |
Customer related | 71 |  |  | 49 |
Product warranties | 63 |  |  | 56 |
Indirect taxes | 61 |  |  | 73 |
Severance | 34 |  |  | 25 |
Operating leases | 18 |  |  | — |
Interest | 18 |  |  | 19 |
Insurance | 17 |  |  | 12 |
Retirement related | 15 |  |  | 16 |
Dividends payable to noncontrolling shareholders | 14 |  |  | 17 |
Asbestos-related* | — |  |  | 50 |
Other | 108 |  |  | 109 |
Total accounts payable and accrued expenses | $ | 1,977 |  |  | $ | 2,144 |
Other non-current liabilities: |  |  |  |  |
Deferred income taxes | $ | 125 |  |  | $ | 51 |
Operating leases | 67 |  |  | — |
Product warranties | 53 |  |  | 47 |
Deferred revenue | 49 |  |  | 51 |
Other | 255 |  |  | 208 |
Total other non-current liabilities | $ | 549 |  |  | $ | 357 |
________________
* | Relates to the derecognition of Morse TEC, refer to Note 19, “Recent Transactions” to the Consolidated Financial Statements for more information.
(a) Bad debt allowance: | 2019 |  | 2018 |  | 2017
Beginning balance, January 1 | $ | (7 | ) |  | $ | (6 | ) |  | $ | (3 | )
Provision | (1 | ) |  | (5 | ) |  | (3 | )
Write-offs | 2 |  |  | 4 |  |  | — |
Ending balance, December 31 | $ | (6 | ) |  | $ | (7 | ) |  | $ | (6 | )
As of December 31, 2019 and December 31, 2018, accounts payable of $102 million and $104 million, respectively, were related to property, plant and equipment purchases. Interest costs capitalized for the years ended December 31, 2019, 2018 and 2017 were $16 million, $22 million and $20 million, respectively.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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