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Accrued Liabilities (Tables)
9 Months Ended
Sep. 30, 2014
Payables and Accruals [Abstract]  
Accrued Liabilities

Accrued liabilities consist of (in millions):

 

     September 30,
2014
     December 31,
2013
 

Accrued vendor costs

   $ 840       $ 531   

Customer prepayments and billings

     765         673   

Compensation

     503         516   

Warranty

     267         228   

Taxes (non-income)

     181         188   

Insurance

     140         131   

Fair value of derivative financial instruments

     140         31   

Accrued commissions

     93         97   

Interest

     30         11   

Other

     351         357   
  

 

 

    

 

 

 

Total

   $ 3,310       $ 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

     87   

Amounts incurred

     (50

Currency translation adjustments and other

     2   
  

 

 

 

Balance at September 30, 2014

   $ 267