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Accrued Liabilities (Tables)
6 Months Ended
Jun. 30, 2014
Payables And Accruals [Abstract]  
Accrued Liabilities

Accrued liabilities consist of (in millions):

 

     June 30,
2014
     December 31,
2013
 

Customer prepayments and billings

   $ 808       $ 673   

Accrued vendor costs

     538         531   

Compensation

     419         516   

Warranty

     267         228   

Taxes (non-income)

     176         188   

Insurance

     132         131   

Accrued commissions

     96         97   

Fair value of derivative financial instruments

     25         31   

Interest

     11         11   

Other

     385         357   
  

 

 

    

 

 

 

Total

   $ 2,857       $ 2,763   
  

 

 

    

 

 

 
Changes in Carrying Amount of Service and Product Warranties

The changes in the carrying amount of service and product warranties are as follows (in millions):

 

Balance at December 31, 2013

   $ 228   
  

 

 

 

Net provisions for warranties issued during the year

     61   

Amounts incurred

     (26

Currency translation adjustments and other

     4   
  

 

 

 

Balance at June 30, 2014

   $ 267