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Other Financial Data
6 Months Ended
Jun. 30, 2023
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 June 30,Six Months Ended June 30,
2023202220232022
Pension and other postretirement$(43)$(3)$(60)$(6)
Foreign currency remeasurement(37)27 (56)(1)
Gain from sales of businesses— 22 — 47 
Equity earnings(1)
Financial instruments and other22 (19)30 11 
Total
$(59)$30 $(84)$55 
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 June 30,Six Months Ended June 30,
2023202220232022
Balance at beginning of period$83 $93 $76 $90 
Provision10 
Accounts written off, net of recoveries(3)(9)(3)(12)
Foreign currency translation and other
Balance at end of period$83 $91 $83 $91 
Other Current Assets
The components of Other current assets are as follows (in millions):
As ofJune 30,
2023
December 31,
2022
Assets held for sale (1)
$288 $— 
Costs to fulfill contracts with customers (2)
242 355 
Prepaid expenses164 109 
Taxes receivable51 74 
Other95 108 
Total$840 $646 
(1)Refer to Note 6 “Acquisitions and Dispositions of Businesses” for further information.
(2)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 June 30,
2023
December 31,
2022
Costs to obtain contracts with customers (1)
$186 $185 
Taxes receivable105 109 
Investments45 60 
Leases35 43 
Other130 112 
Total$501 $509 
(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 ofJune 30,
2023
December 31,
2022
Deferred revenue (1)
$355 $250 
Taxes payable228 193 
Leases184 186 
Liabilities held for sale (2)
35 — 
Other991 718 
Total
$1,793 $1,347 
(1)During the three and six months ended June 30, 2023, revenue of $169 million and $336 million, respectively, was recognized in the Condensed Consolidated Statements of Income. During the three and six months ended June 30, 2022, revenue of $170 million and $373 million, respectively, was recognized in the Condensed Consolidated Statements of Income.
(2)Refer to Note 6 “Acquisitions and Dispositions of Businesses” for further information.
Other Non-Current Liabilities
The components of Other non-current liabilities are as follows (in millions):
As ofJune 30,
2023
December 31,
2022
Taxes payable (1)
$793 $795 
Compensation and benefits52 69 
Deferred revenue38 37 
Leases19 28 
Other93 95 
Total
$995 $1,024 
(1)Includes $72 million and $129 million for the non-current portion of the one-time mandatory transition tax on accumulated foreign earnings as of June 30, 2023 and December 31, 2022, respectively.