Other Assets and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Other Liabilities [Abstract]

Other Assets

	December 31,
	2020		2019
Current assets:
Derivative instruments (Note 15)	$	148	$	157
South Korean tax deposits				33
Other current assets		613		683
Other current assets	$	761	$	873
Non-current assets:
Derivative instruments (Note 15)	$	123	$	92
South Korean tax deposits		365		415
Operating leases (Note 7)		680		504
Investments (Note 3)		435		334
Other non-current assets		537		476
Other assets	$	2,140	$	1,821

Other Liabilities

	December 31,
	2020		2019
Current liabilities:
Wages and employee benefits	$	572	$	565
Income taxes		173		182
Derivative instruments (Note 15)		189		100
Asbestos and other litigation (Note 14)		13		57
Deferred revenue (Note 5)		152
Settlement liability (Note 4)		58
Customer deposits (Note 5)		211		104
Short-term leases (Note 7)		96		62
Other current liabilities		973		853
Other accrued liabilities	$	2,437	$	1,923
Non-current liabilities:
Defined benefit pension plan liabilities	$	887	$	980
Derivative instruments (Note 15)		155		165
Asbestos and other litigation (Note 14)		94		196
Deferred revenue (Note 5)		872
Settlement liability (Note 4)		117
Investment in Hemlock Semiconductor Group (1)				270
Customer deposits (Note 5)		1,148		927
Deferred tax liabilities		313		325
Long-term leases (Note 7)		633		450
Other non-current liabilities		798		667
Other liabilities	$	5,017	$	3,980

(1)The negative carrying value resulted from a one-time charge to this entity in 2019 for the impairment of certain assets. Refer to Note 3 (Investments) and Note 4 (HSG Transactions and Acquisitions) to the consolidated financial statements for additional information.