Receivables

12 Months Ended

Dec. 31, 2021


	2021		2020
Accounts receivable	$	1,289	$	1,084
Less: allowance for credit losses	(20)		(20)
Net trade receivables	1,269		1,064
Unbilled receivables	325		248
Miscellaneous receivables	295		210
	$	1,889	$	1,522

The Company uses receivables securitization and factoring facilities in the normal course of business as part of managing its cash flows. The Company primarily accounts for transfers under these facilities as sales because it has met the criteria for control of the receivables to be considered transferred. The Company’s continuing involvement in the transfers is limited to servicing the receivables. The Company receives adequate compensation for servicing the receivables and no servicing asset or liability is recorded.

As of December 31, 2021 and 2020, the Company derecognized receivables of $1,011 and $852 related to the facilities.

The Company recorded expenses related to the facilities for the years ended December 31, 2021, 2020 and 2019 of $13 as interest expense.