Note 5 - Receivables, Net

9 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 5:  RECEIVABLES, NET

	Successor		Predecessor
(in millions)	As of September 30, 2013		As of December 31, 2012
Trade receivables	$	443	$	510
Miscellaneous receivables		98		101
Total (net of allowances of $1 and $30 as of September 30, 2013 and December 31, 2012, respectively)	$	541	$	611

In connection with the application of fresh start accounting on September 1, 2013, the carrying value of trade receivables was adjusted to fair value, eliminating the allowance for bad debts as of that date.

Approximately $40 million and $77 million of the total trade receivable amounts as of September 30, 2013, and December 31, 2012, respectively, will potentially be settled through customer deductions in lieu of cash payments.  Such deductions represent rebates owed to customers and are included in Other current liabilities as of September 30, 2013 and Other current liabilities and Liabilities subject to compromise as of December 31, 2012 in the accompanying Consolidated Statement of Financial Position.