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Accrued Liabilities (Tables)
 6 Months Ended
Jun. 30, 2015
Payables and Accruals [Abstract]  
Accrued Liabilities

Accrued liabilities consist of (in millions):

 

     June 30,
2015		      December 31,
2014		  

Accrued vendor costs

    $ 880       $ 815   

Customer prepayments and billings

      566         703   

Compensation

      331         662   

Fair value of derivative financial instruments

      290         297   

Warranty

      261         272   

Taxes (non-income)

      158         211   

Insurance

      115         126   

Accrued commissions

      87         97   

Interest

      11         11   

Other

      329         324   
  

 

 

     

 

 

  

Total

    $ 3,028       $ 3,518   
  

 

 

     

 

 

  

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, 2014

    $ 272   
  

 

 

  

Net provisions for warranties issued during the year

      39   

Amounts incurred

      (48 ) 

Currency translation adjustments and other

      (2 ) 
  

 

 

  

Balance at June 30, 2015

    $ 261