Other Current Liabilities and Other Liabilities (Tables)

9 Months Ended

Sep. 26, 2014

Text Block [Abstract]

Other Current 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

Other Liabilities

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

Changes in Company's Accrued Product Warranty Costs

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.