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Other Financial Data

6 Months Ended

Jun. 30, 2019

Condensed Consolidated Statements of Income Information

Other Income (Expense)

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



	Three Months Ended June 30						Six Months Ended June 30
	2019			2018			2019			2018
Foreign currency remeasurement	$	11		$	29		$	—		$	13
Disposal of businesses	2			—			7			(1		)
Pension and other postretirement	5			(7		)	9			(5		)
Equity earnings	1			1			2			2
Financial instruments	(13		)	(27		)	(12		)	(27		)
Other	—			1			—			—
Total	$	6		$	(3	)	$	6		$	(18	)

Condensed Consolidated Statements of Financial Position Information

Allowance for Doubtful Accounts

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



	Three Months Ended June 30						Six Months Ended June 30
	2019			2018			2019			2018
Balance at beginning of period	$	64		$	65		$	64		$	59
Provision charged to Other general expenses	4			3			12			11
Accounts written off, net of recoveries	(3		)	(6		)	(11		)	(8		)
Balance at end of period	$	65		$	62		$	65		$	62

Other Current Assets

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



As of	June 30, 2019		December 31, 2018
Costs to fulfill contracts with customers ⁽¹⁾	$	216	$	329
Prepaid expenses	128		97
Taxes receivable	145		113
Other ⁽²⁾	142		79
Total	$	631	$	618


(1)	Refer to Note 3 “Revenue from Contracts with Customers” for further information.


(2)	December 31, 2018 includes $12 million previously classified as “Receivables from the Divested Business”.

Other Non-Current Assets

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



As of	June 30, 2019		December 31, 2018
Costs to obtain contracts with customers ⁽¹⁾	$	161	$	156
Taxes receivable	100		100
Leases ⁽²⁾	65		—
Investments	54		54
Other	141		138
Total	$	521	$	448


(1)	Refer to Note 3 “Revenue from Contracts with Customers” for further information.


(2)	Refer to Note 20 “Lease Commitments” for further information.

Other Current Liabilities

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



As of	June 30, 2019		December 31, 2018
Deferred revenue ⁽¹⁾	$	337	$	251
Leases ⁽²⁾	223		—
Taxes payable	133		83
Other	504		602
Total	$	1,197	$	936


(1)	During the three and six months ended June 30, 2019, $95 million and $241 million, respectively, was recognized in the Condensed Consolidated Statements of Income. During the three and six months ended June 30, 2018, $115 million and $215 million, respectively, was recognized in the Condensed Consolidated Statements of Income.


(2)	Refer to Note 20 “Lease Commitments” for further information.

Other Non-Current Liabilities

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



As of	June 30, 2019		December 31, 2018
Taxes payable ⁽¹⁾	$	576	$	585
Leases	37		169
Deferred revenue	59		65
Compensation and benefits	49		56
Other	203		222
Total	$	924	$	1,097

(1) Includes $221 million and $240 million for the non-current portion of the one-time mandatory transition tax on accumulated foreign earnings as of June 30, 2019 and December 31, 2018, respectively.