Other Current Liabilities and Other Liabilities

9 Months Ended

Sep. 26, 2014

Text Block [Abstract]

Other Current Liabilities and Other Liabilities

9.  Other Current Liabilities and Other Liabilities

The table below presents the components of other current liabilities.

	September 26, 2014		December 31, 2013
	(in millions)
Other Current Liabilities:
Accruals for pending and threatened litigation (see Note 18)	$	7	$	6
Accrued product warranty costs		79		75
Estimated costs in excess of estimated contract value to complete contracts in process in a loss position		71		78
Accrued interest		52		52
Deferred revenues		36		35
Notes payable and capital lease obligation		16		10
Other		105		127
Total other current liabilities	$	366	$	383

The table below presents the components of other liabilities.

	September 26, 2014		December 31, 2013
	(in millions)
Other Liabilities:
Non-current income taxes payable (see Note 11)	$	193	$	177
Deferred compensation		46		45
Accrued workers’ compensation		40		46
Accrued product warranty costs		26		24
Notes payable and capital lease obligations		2		15
Other		92		99
Total other liabilities	$	399	$	406

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

	Year-to-Date Ended
	September 26, 2014			September 27, 2013
	(in millions)
Accrued product warranty costs:(1)
Balance at January 1	$	99		$	99
Accruals for product warranties issued during the period		53			56
Settlements made during the period		(46	)		(56	)
Foreign currency translation adjustments		(1	)		—
Balance at end of period	$	105		$	99

⁽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.