Other Financial Data (Tables)

12 Months Ended

Dec. 31, 2021

Other Financial Data [Abstract]

Components of Other Income

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

	Years Ended December 31
	2021		2020		2019
Foreign currency remeasurement	$	26	$	(12)	$	9
Gain from disposals of business	142		25		13
Pension and other postretirement	21		13		9
Equity earnings	8		4		4
Extinguishment of debt	—		(7)		—
Financial instruments	(45)		(10)		(35)
Total	$	152	$	13	$	—

Schedule of Allowance for Doubtful Accounts

Changes in the net carrying amount of allowance for doubtful accounts are as follows (in millions):

	2021		2020		2019
Balance at beginning of period	$	98	$	70	$	62
Adoption of new accounting guidance (1)	—		7		—
Adjusted balance at beginning of period	98		77		62
Provision	26		29		27
Accounts written off, net of recoveries	(37)		(6)		(19)
Foreign currency translation and other	3		(2)		—
Balance at end of period	$	90	$	98	$	70

(1) The adoption of the new accounting standard on the measurement of credit losses on January 1, 2020 resulted in addition to the Allowance for doubtful accounts of $7 million. After tax impacts, this resulted in a $6 million decrease to Retained earnings. Refer to Note 2 “Summary of Significant Accounting Principles and Practices” for further information.

Schedule of Other Current Assets

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

As of December 31	2021		2020
Costs to fulfill contracts with customers(1)	$	361	$	339
Taxes receivable	53		95
Prepaid expenses	137		111
Other	165		79
Total	$	716	$	624

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

Components of Fixed Assets, Net

The components of Fixed assets, net are as follows (in millions):

As of December 31	2021		2020
Software	$	797	$	808
Leasehold improvements	425		375
Computer equipment	268		249
Furniture, fixtures and equipment	279		246
Construction in progress	45		155
Other	33		34
Fixed assets, gross	1,847		1,867
Less: Accumulated depreciation	1,318		1,268
Fixed assets, net	$	529	$	599

Schedule of Other Non-current Assets

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

As of December 31	2021		2020
Costs to obtain contracts with customers (1)	$	179	$	184
Investments	64		74
Leases (2)	63		89
Taxes receivable	95		125
Other	111		138
Total	$	512	$	610

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

(2) Refer to Note 8 “Lease Commitments” for further information.

Schedule of Other Current Liabilities

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

As of December 31	2021		2020
Deferred revenue (1)	$	321	$	296
Taxes payable	149		80
Leases (2)	213		234
Other	648		561
Total	$	1,331	$	1,171

(1)$553 million and $454 million was recognized in the Consolidated Statements of Income during the years ended December 31, 2021 and December 31, 2020, respectively.

(2)Refer to Note 8 “Lease Commitments” for further information.

Schedule of Other Non-current Liabilities

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

As of December 31	2021		2020
Taxes payable (1)	$	609	$	561
Leases (2)	46		65
Compensation and benefits	58		53
Deferred revenue	70		76
Other	127		140
Total	$	910	$	895

(1)Includes $145 million for the non-current portion of the transition tax as of December 31, 2021 and December 31, 2020. Refer to Note 9 “Income Taxes” for further information on the transition tax.

(2)Refer to Note 8 “Lease Commitments” for further information.