XML 80 R14.htm IDEA: XBRL DOCUMENT

Other liabilities

3 Months Ended

Mar. 31, 2020

Other Liabilities Disclosure [Abstract]

Other Liabilities Disclosure [Text Block]

Other Liabilities

Other current liabilities are summarized as follows:



	March 31		December 31
(In millions)	2020		2019
Restructuring reserves	$	36	$	10
Product warranty and recall accruals	35		34
Deferred income	19		22
Royalties	17		19
Non-income taxes payable	12		17
Joint venture payables	9		9
Income taxes payable	5		7
Dividends payable to non-controlling interests	2		3
Other	27		26
	$	162	$	147

Other non-current liabilities are summarized as follows:



	March 31		December 31
(In millions)	2020		2019
Product warranty and recall accruals	$	14	$	15
Derivative financial instruments	12		14
Deferred income	8		9
Royalty agreements	7		13
Income tax reserves	5		5
Non-income tax reserves	1		1
Other	12		15
	$	59	$	72

During 2019, the Company amended royalty agreements with certain suppliers as part of cost reduction efforts. As of March 31, 2020, $10 million was recorded in other current assets and $14 million in other non-current assets, with an offsetting amount of $14 million in accounts payable and $7 million in other non-current liabilities relating to these agreements. The Company recorded $4 million of royalty expense during the three months ended March 31, 2020 associated with such arrangements.