Other Current Liabilities and Other Liabilities

9 Months Ended

Sep. 30, 2011

Other Current Liabilities and Other Liabilities [Abstract]

Other Current Liabilities and Other Liabilities

8.  Other Current Liabilities and Other Liabilities

The table below presents the components of other current liabilities.

	September 30,		December 31,
	2011		2010
	(in millions)
Other Current Liabilities:
Accruals for pending and threatened litigation (see Note 17)	$	23	$	19
Accrued product warranty costs		88		86
Estimated costs in excess of estimated contract value to complete contracts in process in a loss position		74		93
Accrued interest		70		75
Deferred revenues		44		34
Other		90		82
Total other current liabilities	$	389	$	389

The table below presents the components of other liabilities.

	September 30,		December 31,
	2011		2010
	(in millions)
Other Liabilities:
Non-current income taxes payable (see Note 11)	$	280	$	248
Deferred compensation		55		53
Accrued workers’ compensation		57		57
Estimated contingent purchase price payable for acquired businesses		9		9
Notes payable and capital lease obligations		10		10
Accrued product warranty costs		4		6
Other		97		103
Total other liabilities	$	512	$	486

The table below presents the changes in the Company’s accrued product warranty costs.

	Year-to-Date Ended
	September 30,			September 24,
	2011			2010
	(in millions)
Accrued product warranty costs:(1)
Balance at January 1	$	92		$	99
Acquisitions during the period		—			1
Accruals for product warranties issued during the period		54			42
Foreign currency translation adjustments		—			(1	)
Settlements made during the period		(54	)		(47	)
Balance at end of period	$	92		$	94

⁽¹⁾ Warranty obligations incurred in connection with long-term production contracts that are accounted for under the percentage-of-completion cost-to-cost method are included within the contract estimates at completion and are excluded from the above amounts. The balances above include both the current and non-current amounts.