	March 31,		September 30,
	2012		2011
Compensation and benefits	$	132	$	148
Income taxes		26		23
Taxes other than income taxes		38		38
Accrued interest		5		5
Product warranties		17		19
Restructuring (see Note 6)		10		16
Asbestos-related liabilities (see Note 20)		19		18
Deferred credit		18		—
Other		78		61
Other current liabilities	$	343	$	328

The deferred credit is associated with proceeds received from the sale of excess land at the company’s Commercial Truck facility in Cwmbran, Wales. The company entered into an agreement to sell the excess land in February 2012; however, due to its continued use of this land through April 2012, it has deferred the recognition of a gain on the sale. The company expects to recognize the gain during the third quarter of fiscal year 2012. The land subject to this transaction with a carrying amount of approximately $1 million has been classified as held for sale and is included in other current assets in the accompanying condensed consolidated balance sheet (see Note 12).

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 known 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.

	Six Months Ended
	March 31,
	2012			2011
Total product warranties – beginning of period	$	48		$	54
Accruals for product warranties		10			12
Payments		(7	)		(11	)
Change in estimates and other		(5	)		(2	)
Total product warranties – end of period		46			53
Less: Non-current product warranties (see Note 16)		(29	)		(25	)
Product warranties – current	$	17		$	28