Other Financial Data

3 Months Ended

Mar. 31, 2022

Other Financial Data [Abstract]

Other Financial Data

Other Financial Data

Condensed Consolidated Statements of Income Information

Other Income (Expense)

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

	Three Months Ended March 31,
	2022		2021
Foreign currency remeasurement	$	(28)	$	4
Pension and other postretirement	(3)		6
Equity earnings	1		1
Gain from sales of businesses	25		—
Financial instruments and other	30		(13)
Total	$	25	$	(2)

Condensed Consolidated Statements of Financial Position Information

Allowance for Doubtful Accounts

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

	Three Months Ended March 31,
	2022		2021
Balance at beginning of period	$	90	$	98
Provision	6		6
Accounts written off, net of recoveries	(3)		(4)
Foreign currency translation and other	—		1
Balance at end of period	$	93	$	101

Other Current Assets

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

As of	March 31, 2022		December 31, 2021
Costs to fulfill contracts with customers (1)	$	254	$	361
Prepaid expenses	132		137
Taxes receivable	48		53
Other	159		165
Total	$	593	$	716

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

Other Non-Current Assets

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

As of	March 31, 2022		December 31, 2021
Costs to obtain contracts with customers (1)	$	184	$	179
Taxes receivable	93		95
Leases	57		63
Investments	62		64
Other	124		111
Total	$	520	$	512

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

Other Current Liabilities

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

As of	March 31, 2022		December 31, 2021
Deferred revenue (1)	$	323	$	321
Taxes payable	269		149
Leases	207		213
Other	786		648
Total	$	1,585	$	1,331

(1)During the three months ended March 31, 2022, revenue of $203 million was recognized in the Condensed Consolidated Statements of Income. During the three months ended March 31, 2021, revenue of $171 million was recognized in the Condensed Consolidated Statements of Income.

Other Non-Current Liabilities

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

As of	March 31, 2022		December 31, 2021
Taxes payable (1)	$	631	$	609
Leases	42		46
Deferred revenue	34		70
Compensation and benefits	57		58
Other	107		127
Total	$	871	$	910

(1)Includes $145 million for the non-current portion of the one-time mandatory transition tax on accumulated foreign earnings as of March 31, 2022 and December 31, 2021.