Other Current Liabilities and Other Liabilities (Tables)

6 Months Ended

Jun. 28, 2013

The table below presents the components of other current liabilities.


	June 28, 2013		December 31, 2012
	(in millions)
Other Current Liabilities:
Accruals for pending and threatened litigation (see Note 17)	$	9	$	7
Accrued product warranty costs		66		75
Estimated costs in excess of estimated contract value to complete contracts in process in a loss position		79		92
Accrued interest		51		53
Deferred revenues		39		37
Estimated contingent purchase price payable for acquired businesses		4		4
Other		147		130

Total other current liabilities	$	395	$	398

Other Liabilities

The table below presents the components of other liabilities.


	June 28, 2013		December 31, 2012
	(in millions)
Other Liabilities:
Non-current income taxes payable (see Note 10)	$	141	$	137
Deferred compensation		45		43
Accrued workers’ compensation		56		57
Estimated contingent purchase price payable for acquired businesses		5		5
Notes payable and capital lease obligations		20		24
Accrued product warranty costs		22		18
Other		71		89

Total other liabilities	$	360	$	373

Changes in Company's Accrued Product Warranty Costs

The table below presents the changes in the Company’s accrued product warranty costs.


	First Half Ended
	June 28, 2013			June 29, 2012
	(in millions)
Accrued product warranty costs:⁽¹⁾
Balance at January 1	$	93		$	94
Acquisitions during the period		—			2
Accruals for product warranties issued during the period		34			42
Settlements made during the period		(39	)		(38	)

Balance at end of period	$	88		$	100

⁽¹⁾

Warranty obligations incurred in connection with long-term production contracts that are accounted for under the POC 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.