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Other Current Assets
3 Months Ended
Mar. 31, 2013
Other Current Assets [Abstract]  
Other Current Assets

4. Other Current Assets

 

                 
(in $ millions)   March 31,
2013
    December 31,
2012
 

Restricted cash of subsidiaries

    86       56  

Development advances

    72       68  

Sales and use tax receivables

    45       48  

Prepaid expenses

    20       15  

Assets held for sale

    16       16  

Derivative assets

    3       10  

Other

    10       7  
   

 

 

   

 

 

 
                  252                       220  
   

 

 

   

 

 

 

Restricted cash of subsidiaries represents cash held on behalf of clients for a short period of time before being transferred to travel industry partners. A compensating balance is held in accrued expenses and other current liabilities as customer prepayments.

Assets held for sale consisted of land and buildings expected to be sold within the next twelve months.