Other Current Liabilities and Other Liabilities

9 Months Ended

Sep. 25, 2015

Text Block [Abstract]

Other Current Liabilities and Other Liabilities

8.  Other Current Liabilities and Other Liabilities

The table below presents the components of other current liabilities.

	September 25, 2015		December 31, 2014
	(in millions)
Other Current Liabilities:
Accruals for pending and threatened litigation (see Note 17)	$	45	$	38
Estimated costs in excess of estimated contract value to complete contracts in process in a loss position		79		75
Accrued product warranty costs		59		59
Accrued interest		52		46
Deferred revenues		29		30
Other		132		150
Total other current liabilities	$	396	$	398

The table below presents the components of other liabilities.

	September 25, 2015		December 31, 2014
	(in millions)
Other Liabilities:
Non-current income taxes payable (see Note 10)	$	193	$	196
Deferred compensation		45		43
Accrued workers’ compensation		35		38
Accrued product warranty costs		34		34
Notes payable and capital lease obligations		9		1
Other		87		70
Total other liabilities	$	403	$	382

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

	Year-to-Date Ended
	September 25, 2015			September 26, 2014
	(in millions)
Accrued product warranty costs:(1)
Balance at January 1	$	93		$	99
Acquisitions during the period		1			—
Accruals for product warranties issued during the period		46			53
Settlements made during the period		(46	)		(46	)
Foreign currency translation adjustments		(1	)		(1	)
Balance at end of period	$	93		$	105

⁽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.