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Accrued Liabilities (Tables)
 6 Months Ended
Jun. 30, 2016
Payables and Accruals [Abstract]  
Accrued Liabilities

Accrued liabilities consist of (in millions):

 

     June 30,
2016		      December 31,
2015		  

Customer prepayments and billings

    $ 355       $ 426   

Vendor costs

      278         449   

Compensation

      232         241   

Warranty

      208         244   

Taxes (non-income)

      128         175   

Fair value of derivative financial instruments

      104         261   

Insurance

      97         113   

Commissions

      60         73   

Interest

      8         8   

Other

      304         294   
  

 

 

     

 

 

  

Total

    $ 1,774       $ 2,284   
  

 

 

     

 

 

  

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, 2015

    $ 244   
  

 

 

  

Net provisions for warranties issued during the year

      31   

Amounts incurred

      (67 ) 

Currency translation adjustments and other

      —     
  

 

 

  

Balance at June 30, 2016

    $ 208