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Accrued Liabilities (Tables)
3 Months Ended
Mar. 31, 2017
Payables and Accruals [Abstract]  
Accrued Liabilities

Accrued liabilities consist of (in millions):

 

     March 31,
2017
     December 31,
2016
 

Vendor costs

   $ 236      $ 235  

Customer prepayments and billings

     232        222  

Compensation

     222        181  

Warranty

     169        172  

Taxes (non-income)

     121        176  

Insurance

     101        103  

Commissions

     61        57  

Fair value of derivative financial instruments

     53        66  

Interest

     29        8  

Other

     288        348  
  

 

 

    

 

 

 

Total

   $ 1,512      $ 1,568  
  

 

 

    

 

 

 
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, 2016

   $ 172  
  

 

 

 

Net provisions for warranties issued during the year

     16  

Amounts incurred

     (25

Currency translation adjustments and other

     6  
  

 

 

 

Balance at March 31, 2017

   $ 169