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Receivables

3 Months Ended

Mar. 31, 2014

2. Receivables

Receivables consist of the following:

	March 31,		December 31,		March 31,
	2014		2013		2013
Trade accounts receivable	$	911	$	757	$	903
Less: allowances for doubtful accounts and discounts	39		39		41
Net trade receivables	872		718		862
Other receivables	206		225		185
	$	1,078	$	943	$	1,047

The Company uses various factoring programs to sell certain receivables to financial institutions as part of managing its cash flows. The amount of receivables sold by the Company was $129 million, $192 million, and $116 million at March 31, 2014, December 31, 2013, and March 31, 2013, respectively. The Company has no continuing involvement with the sold receivables.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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