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Receivables

12 Months Ended

Dec. 31, 2014

3. Receivables

Receivables consist of the following at December 31, 2014 and 2013:

	2014		2013
Trade accounts receivable	$	583	$	757
Less: allowances for doubtful accounts and discounts		34		39

Net trade receivables		549		718
Other receivables		195		225

	$	744	$	943

The Company uses various factoring programs to sell certain receivables to financial institutions as part of managing its cash flows. At December 31, 2014 and 2013, the amount of receivables sold by the Company was $276 million and $192 million, respectively. Any continuing involvement with the sold receivables is immaterial.

- 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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