Accounts and Notes Receivable, Net

6 Months Ended

Jun. 30, 2022

Receivables [Abstract]

Accounts and Notes Receivable, Net

Note 8. Accounts and Notes Receivable, Net

The following table sets forth the components of the Company’s accounts and notes receivable, net at June 30, 2022 and December 31, 2021.

	June 30, 2022		December 31, 2021
Accounts receivable - trade, net (1)	$	923	$	644
VAT, GST, and other taxes (2)		56		41
Other receivables (3)		87		35
Total accounts and notes receivable, net	$	1,066	$	720

(1) Accounts receivable - trade, net includes trade notes receivable of $2 and $17 and is net of allowances for doubtful accounts of $10 and $5 at June 30, 2022 and December 31, 2021, respectively. Such allowances are equal to the estimated uncollectible amounts.

(2) Value added tax (“VAT”) and goods and services tax (“GST”) for various jurisdictions.

(3) Other receivables consist of derivative instruments, advances, other deposits, receivables under the transition services agreement with Draslovka Holding a.s. related to the sale of the Company’s Mining Solutions business and receivables under the terms of the MOU which are further discussed in “Note 16 – Commitments and Contingent Liabilities”.

Accounts and notes receivable are carried at amounts that approximate fair value. Bad debt expense amounted to $2 and $8 for the three and six months ended June 30, 2022, respectively, and $1 for the three and six months ended June 30, 2021.