Other Financial Data

12 Months Ended

Dec. 31, 2022

Other Financial Data [Abstract]

Other Financial Data

Other Financial Data

Consolidated Statements of Income Information

Other Income (Expense)

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

	Years Ended December 31
	2022		2021		2020
Pension and other postretirement (1)	$	(179)	$	21	$	13
Foreign currency remeasurement	(14)		26		(12)
Extinguishment of debt	—		—		(7)
Financial instruments and other	4		(45)		(10)
Equity earnings	10		8		4
Gain from disposals of business	54		142		25
Total	$	(125)	$	152	$	13

(1) Refer to Note 11 “Employee Benefits” for further information.

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):

	2022		2021		2020
Balance at beginning of period	$	90	$	98	$	77
Provision	8		26		29
Accounts written off, net of recoveries	(18)		(37)		(6)
Foreign currency translation and other	(4)		3		(2)
Balance at end of period	$	76	$	90	$	98

Other Current Assets

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

As of December 31	2022		2021
Costs to fulfill contracts with customers (1)	$	355	$	361
Prepaid expenses	109		137
Taxes receivable	74		53
Other	108		165
Total	$	646	$	716

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

Fixed Assets, net

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

As of December 31	2022		2021
Software	$	861	$	797
Leasehold improvements	409		425
Computer equipment	269		268
Furniture, fixtures, and equipment	267		279
Construction in progress	109		45
Other	34		33
Fixed assets, gross	1,949		1,847
Less: Accumulated depreciation	1,391		1,318
Fixed assets, net	$	558	$	529

Depreciation expense, which includes software amortization, was $151 million, $179 million, and $167 million for the years ended December 31, 2022, 2021, and 2020, respectively.

Other Non-current Assets

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

As of December 31	2022		2021
Costs to obtain contracts with customers (1)	$	185	$	179
Taxes receivable	109		95
Investments	60		64
Leases (2)	43		63
Other	112		111
Total	$	509	$	512

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

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

Other Current Liabilities

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

As of December 31	2022		2021
Deferred revenue (1)	$	250	$	321
Taxes payable	193		149
Leases (2)	186		213
Other	718		648
Total	$	1,347	$	1,331

(1)$653 million and $553 million was recognized in the Consolidated Statements of Income during the years ended December 31, 2022 and December 31, 2021, respectively.

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

Other Non-current Liabilities

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

As of December 31	2022		2021
Taxes payable (1)	$	795	$	609
Compensation and benefits	69		58
Deferred revenue	37		70
Leases (2)	28		46
Other	95		127
Total	$	1,024	$	910

(1)Includes $129 million and $145 million for the non-current portion of the transition tax as of December 31, 2022 and December 31, 2021, respectively. Refer to Note 9 “Income Taxes” for further information on the transition tax.

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