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Accrued Liabilities (Tables)
 6 Months Ended
Jun. 30, 2017
Payables and Accruals [Abstract]  
Accrued Liabilities

Accrued liabilities consist of (in millions):

 

     June 30,      December 31,  
     2017      2016  

Compensation

    $ 237      $ 181  

Customer prepayments and billings

      236        222  

Vendor costs

      221        235  

Warranty

      161        172  

Taxes (non-income)

      142        176  

Insurance

      92        103  

Commissions

      55        57  

Fair value of derivative financial instruments

      20        66  

Interest

      7        8  

Other

      318        348  
  

 

 

     

 

 

  

Total

    $ 1,489      $ 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

      24  

Amounts incurred

      (42 ) 

Currency translation adjustments and other

      7  
  

 

 

  

Balance at June 30, 2017

    $ 161