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Note 3 - Receivables, Net
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 3: RECEIVABLES, NET

 

 

 

September 30,

 

 

December 31,

 

(in millions)

 

2017

 

 

2016

 

Trade receivables

 

$

263

 

 

$

277

 

Miscellaneous receivables

 

 

36

 

 

 

34

 

Total (net of allowances of $9 as of September 30, 2017 and $8 as of December 31, 2016)

 

$

299

 

 

$

311

 

 

Approximately $26 million of the total trade receivable amounts as of both September 30, 2017 and December 31, 2016 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 in the accompanying Consolidated Statement of Financial Position.