Other Current Liabilities

Other current liabilities are summarized as follows (in millions):



	March 31, 2014		September 30, 2013
Compensation and benefits	$	137	$	141
Income taxes	17		8
Taxes other than income taxes	49		47
Accrued interest	15		16
Product warranties	24		20
Restructuring (see Note 6)	7		9
Asbestos-related liabilities (see Note 19)	18		18
Indemnity obligations (see Note 19)	12		12
Other	66		68
Other current liabilities	$	345	$	339

The company records estimated product warranty costs at the time of shipment of products to customers. Warranty reserves are primarily based on factors that include past claims experience, sales history, product manufacturing and engineering changes and industry developments. Liabilities for product recall campaigns are recorded at the time the company’s obligation is probable and can be reasonably estimated. Policy repair actions to maintain customer relationships are recorded as other liabilities at the time an obligation is probable and can be reasonably estimated. Product warranties, including recall campaigns, not expected to be paid within one year are recorded as a non-current liability.

A summary of the changes in product warranties is as follows (in millions):



	Six Months Ended March 31,
	2014			2013
Total product warranties – beginning of period	$	57		$	44
Accruals for product warranties	9			12
Payments	(12		)	(8		)
Change in estimates and other	3			(2		)
Total product warranties – end of period	57			46
Less: Non-current product warranties	(33		)	(29		)
Product warranties – current	$	24		$	17