NOTE 9. Other Liabilities

Other current liabilities are summarized as follows:



	June 30		December 31
	2015		2014
	(Dollars in Millions)
Information technology separation and service obligations	$	57	$	10
Non-trade payables	51		24
Electronics operations repurchase commitment	50		—
Restructuring reserves	44		39
Income taxes payable	28		11
Rent and royalties	24		24
Product warranty and recall accruals	19		11
Joint venture payables	17		22
Non-income taxes payable	16		13
Deferred income	9		14
Dividends payable	8		—
Foreign currency hedges	1		15
Deferred income taxes	—		3
Other	29		31
	$	353	$	217

Information technology separation and service obligations were established in connection with the Climate Transaction and Interiors Divestiture, representing ongoing and separation services for the divested businesses to operate as independent entities. As of June 30, 2015 and December 31, 2014 remaining obligations totaled $57 million and $10 million, respectively.

In connection with the Climate Transaction, the Company entered an agreement to purchase certain electronics operations located in India, expected to close in 2016 after legal separation and regulatory approvals are met. The Company has recorded a repurchase obligation of $50 million, representing the estimated purchase price of the subject business.

Non-trade payables represent accounts payable for purchases the Company has made on behalf of the buyer of the Interiors business. In connection with the Interiors Divestiture, the Company agreed to continue to pay suppliers on behalf of the buyer until underlying contractual supplier agreements are transferred or otherwise modified.

Other non-current liabilities are summarized as follows:



	June 30		December 31
	2015		2014
	(Dollars in Millions)
Income tax reserves	$	190	$	47
Deferred income	17		20
Product warranty and recall accruals	17		10
Non-income tax reserves	10		19
Other	12		15
	$	246	$	111

Income tax reserves include $147 million related to the anticipated U.S. income tax after the utilization of available net operating loss carry-forwards and other tax attributes in connection with the Climate Transaction as well as reserves for uncertain tax benefits, including interest and penalties, of $43 million. See Note 12, "Income Taxes" for additional details.