Other Current Liabilities and Other Liabilities (Tables)

6 Months Ended

Jun. 29, 2012

Other Current Liabilities and Other Liabilities [Abstract]

Other current liabilities

	June 29, 2012		December 31, 2011
	(in millions)
Other Current Liabilities:
Accruals for pending and threatened litigation (see Note 16)	$	14	$	24
Accrued product warranty costs		84		90
Estimated costs in excess of estimated contract value to complete contracts in process in a loss position		62		78
Accrued interest		58		59
Deferred revenues		49		48
Other		124		108
Total other current liabilities	$	391	$	407

Other liabilities

	June 29, 2012		December 31, 2011
	(in millions)
Other Liabilities:
Non-current income taxes payable (see Note 10)	$	206	$	201
Deferred compensation		56		54
Accrued workers’ compensation		56		56
Estimated contingent purchase price payable for acquired businesses		12		16
Notes payable and capital lease obligations		29		10
Accrued product warranty costs		16		4
Other		98		95
Total other liabilities	$	473	$	436

Accrued product warranty costs

	First Half Ended
	June 29, 2012			July 1, 2011
	(in millions)
Accrued product warranty costs: (1)
Balance at January 1	$	94		$	92
Acquisitions during the period		2			—
Accruals for product warranties issued during the period		42			37
Foreign currency translation adjustments		—			2
Settlements made during the period		(38	)		(37	)
Balance at end of period	$	100		$	94

⁽¹⁾  Warranty obligations incurred in connection with long-term production contracts that are accounted for under the percentage-of-completion cost-to-cost method are included within the contract estimates at completion and are excluded from the above amounts. The balances above include both the current and non-current amounts.