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TRADE ACCOUNTS RECEIVABLE, NET
 12 Months Ended
Dec. 31, 2012
TRADE ACCOUNTS RECEIVABLE, NET

4.

TRADE ACCOUNTS RECEIVABLE, NET

Trade accounts receivable, net consisted of the following:

 

     December 31,
2012		     December 31,
2011		  

Trade accounts receivable

      1,015        1,061   

Provision for doubtful accounts

      (10 )      (15 ) 

Total

      1,005        1,046   

Bad debt expense in 2012, 2011, and 2010 was $1 million, $1 million and $1 million respectively. In 2012 none of the customers represented over 10% of consolidated net revenues. In 2011 and 2010 one customer, the Nokia group of companies, represented 10.4% and 13.9% of consolidated net revenues, respectively.

The Company enters into factoring transactions to accelerate the realization in cash of some trade accounts receivable within ST-Ericsson. As at December 31, 2012, $127 million of trade accounts receivable were sold without recourse. Such factoring transactions totaled $1,143 million for the year 2012, with a financial cost totaling $4 million reported on the line “Interest expense, net” on the consolidated statement of income for the year ended December 31, 2012.