Note 10 - Other Assets and Other Liabilities

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Other Assets and Other Liabilities Disclosure [Text Block]

Other assets consisted of the following (in millions):

	December 31,
	2022		2021
Current assets:
Derivative instruments (Note 14)	$	454	$	336
Other current assets		703		690
Other current assets	$	1,157	$	1,026
Non-current assets:
Derivative instruments (Note 14)	$	224	$	164
South Korean tax deposits (Note 7)		349		350
Operating leases (Note 6)		842		741
Investments		360		318
Other non-current assets		404		483
Other assets	$	2,179	$	2,056

Other liabilities consisted of the following (in millions):

	December 31,
	2022		2021
Current liabilities:
Wages and employee benefits	$	727	$	824
Income taxes (Note 7)		127		196
Derivative instruments (Note 14)		174		144
Deferred revenue (Note 4)		144		148
Customer deposits (Note 4)		132		223
Share repurchase liability (Note 16)		506		506
Short-term leases (Note 6)		111		94
Other current liabilities		1,226		1,004
Other accrued liabilities	$	3,147	$	3,139
Non-current liabilities:
Defined benefit pension plan liabilities (Note 12)	$	668	$	707
Derivative instruments (Note 14)		17		49
Deferred revenue (Note 4)		725		764
Customer deposits (Note 4)		1,137		1,072
Share repurchase liability (Note 16)		17		517
Deferred tax liabilities (Note 7)		243		258
Long-term leases (Note 6)		795		691
Other non-current liabilities		1,353		1,134
Other liabilities	$	4,955	$	5,192