NOTE 6. Other Assets

Other current assets are comprised of the following components:



	March 31		December 31
	2016		2015
	(Dollars in Millions)
Recoverable taxes	$	64	$	425
Joint venture receivables	35		44
Prepaid assets and deposits	32		28
Contractually reimbursable engineering costs	25		34
Assets held for sale	20		17
Notes receivable	19		21
Other	9		12
	$	204	$	581

Recoverable taxes as of December 31, 2015 included Korean capital gains tax withheld by the Purchasers and paid to the Korean government in connection with the Climate Transaction of $364 million adjusted for currency and interest impacts. In January 2016, the Company recovered the entire amount of the Korean capital gains withholding tax, adjusted for currency impacts, of $356 million.

As of March 31, 2016 and December 31, 2015 assets held for sale of $20 million and $17 million, respectively, represent assets associated with operations subject to the Interiors Divestiture located in Argentina and Brazil. See Note 3 "Discontinued Operations" for additional disclosures.

Other non-current assets are comprised of the following components:



	March 31		December 31
	2016		2015
	(Dollars in Millions)
Deferred tax assets	$	34	$	34
Recoverable taxes	22		20
Long term notes receivable	21		13
Contractually reimbursable engineering costs	4		4
Other	21		17
	$	102	$	88

Current and non-current contractually reimbursable engineering costs of $25 million and $4 million, respectively, at March 31, 2016 and $34 million and $4 million, respectively, at December 31, 2015, are related to pre-production design and development costs incurred pursuant to long-term supply arrangements that are contractually guaranteed for reimbursement by customers. The Company expects to receive cash reimbursement payments of approximately $21 million during the remainder of 2016, $7 million in 2017, and $1 million in 2018.