Receivables

9 Months Ended

Sep. 30, 2014

Receivables

Receivables

3. Receivables

Receivables consist of the following:

	September 30,		December 31,		September 30,
	2014		2013		2013
Trade accounts receivable	$	887	$	757	$	995
Less: allowances for doubtful accounts and discounts	37		39		42
Net trade receivables	850		718		953
Other receivables	192		225		219
	$	1,042	$	943	$	1,172

The Company uses various factoring programs to sell certain receivables to financial institutions as part of managing its cash flows.  The amount of receivables sold by the Company was $209 million, $192 million, and $125 million at September 30, 2014, December 31, 2013,and September 30, 2013, respectively.  The Company has no continuing involvement with the sold receivables.