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Other Non-Current Assets | 12 Months Ended
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Dec. 31, 2016
Investments, All Other Investments [Abstract] |
Other Non-Current Assets |
| 12. | OTHER NON-CURRENT ASSETS
Other non-current assets consisted of the following:
|  | December 31, 2016 |  |  | December 31, 2015 |
Available-for-sale equity securities |  |  | 11 |  |  |  | 11 |
Trading equity securities |  |  | 8 |  |  |  | 8 |
Long-term State receivables |  |  | 388 |  |  |  | 403 |
Long-term receivables from third parties |  |  | 1 |  |  |  | 1 |
Prepaid for pension |  |  | — |  |  |  | 8 |
Deposits and other non-current assets |  |  | 26 |  |  |  | 28 |
Total |  |  | 434 |  |  |  | 459 |
Long-term State receivables include receivables related to funding and receivables related to tax refund. Funding are mainly public grants to be received from governmental agencies in Italy and France as part of long-term research and development, industrialization and capital investment projects. Long-term receivables related to tax refund correspond to tax benefits claimed by the Company in certain of its local tax jurisdictions, for which collection is expected beyond one year. In 2016, the Company entered into a factoring transaction to accelerate the realization in cash of some non-current assets. As at December 31, 2016, $127 million of the non-current assets were sold without recourse, compared to $96 million as at December 31, 2015, with a financial cost of less than $1 million for both periods.

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- Definition The entire disclosure for investments and other noncurrent assets. + References No definition available. + Details
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