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Receivables

6 Months Ended

Jun. 30, 2014

2. Receivables

Receivables consist of the following:

	June 30, 2014		December 31, 2013		June 30, 2013
Trade accounts receivable	$	976	$	757	$	1,008
Less: allowances for doubtful accounts and discounts	40		39		42
Net trade receivables	936		718		966
Other receivables	211		225		193
	$	1,147	$	943	$	1,159

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 $190 million, $192 million, and $90 million at June 30, 2014, December 31, 2013, and June 30, 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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