Other Financial Data

6 Months Ended

Jun. 30, 2014

Other Financial Data [Abstract]

Other Financial Data

Other Financial Data

Condensed Consolidated Statements of Income Information

Other (Expense) Income

Other (expense) income consists of the following (in millions):

	Three months ended June 30,						Six months ended June 30,
	2014			2013			2014			2013
Equity earnings	$	1		$	4		$	6		$	6
Loss on investments	(1		)	(2		)	(2		)	(1		)
Foreign currency remeasurement (loss) gain	(15		)	(5		)	4			19
Derivative gain (loss)	10			9			(13		)	(9		)
Other	3			—			4			—
	$	(2	)	$	6		$	(1	)	$	15

Condensed Consolidated Statements of Financial Position Information

Allowance for Doubtful Accounts

An analysis of the allowance for doubtful accounts is as follows (in millions):

	Three months ended June 30,						Six months ended June 30,
	2014			2013			2014			2013
Balance at beginning of period	$	89		$	122		$	90		$	118
Provision charged to operations	4			1			8			11
Accounts written off, net of recoveries	(4		)	(9		)	(9		)	(18		)
Effect of exchange rate changes and other	(1		)	—			(1		)	3
Balance at end of period	$	88		$	114		$	88		$	114

Other Current Assets

The components of Other current assets are as follows (in millions):

	June 30, 2014		Dec 31, 2013
Deposit with trustee (1)	$	723	$	—
Prepaid expenses	237		229
Taxes receivable	213		111
Deferred project costs	99		98
Deferred tax assets	81		93
Other	43		32
	$	1,396	$	563

  ______________________________________________

(1) Deposit with trustee relates to the 6.25%€500 million debt securities due July 2014 and the related accrued interest, which is described further in Note 9 "Debt." The principal amount included in this balance is $681 million and the accrued interest amount is $42 million.

Other Non-Current Assets

The components of Other non-current assets are as follows (in millions):

	June 30, 2014		Dec 31, 2013
Prepaid pension (1)	$	746	$	567
Deferred project costs	262		273
Deferred tax assets	188		193
Taxes receivable	99		108
Other	278		282
	$	1,573	$	1,423

  ______________________________________________

(1) Increase in prepaid pensions is primarily due to cash funding of the U.K. pension plans.

Other Current Liabilities

The components of Other current liabilities are as follows (in millions):

	June 30, 2014		Dec 31, 2013
Deferred revenue	$	482	$	475
Taxes payable	115		136
Deferred tax liabilities	53		48
Other	307		247
	$	957	$	906

Other Non-Current Liabilities

The components of Other non-current liabilities are as follows (in millions):

	June 30, 2014		Dec 31, 2013
Deferred tax liabilities	$	392	$	420
Taxes payable	194		184
Leases	191		204
Deferred revenue	159		134
Compensation and benefits	60		105
Other	293		305
	$	1,289	$	1,352