Other Current Liabilities and Other Liabilities (Tables)

6 Months Ended

Jun. 27, 2014

The table below presents the components of other current liabilities.


	June 27, 2014		December 31, 2013
	(in millions)
Other Current Liabilities:
Accruals for pending and threatened litigation (see Note 18)	$	9	$	6
Estimated costs in excess of estimated contract value to complete contracts in process in a loss position		80		78
Accrued product warranty costs		76		75
Accrued interest		45		52
Deferred revenues		36		35
Other		121		137

Total other current liabilities	$	367	$	383

Other Liabilities

The table below presents the components of other liabilities.


	June 27, 2014		December 31, 2013
	(in millions)
Other Liabilities:
Non-current income taxes payable (see Note 11)	$	180	$	177
Deferred compensation		47		45
Accrued workers’ compensation		40		46
Accrued product warranty costs		23		24
Notes payable and capital lease obligations		10		15
Other		95		99

Total other liabilities	$	395	$	406

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 27, 2014			June 28, 2013
	(in millions)
Accrued product warranty costs:⁽¹⁾
Balance at January 1	$	99		$	99
Accruals for product warranties issued during the period		33			34
Settlements made during the period		(33	)		(39	)

Balance at end of period	$	99		$	94

⁽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.