XML 110 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Current Assets
 12 Months Ended
Dec. 31, 2013
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]  
Other Current Assets

5.    Other Current Assets

Other current assets consisted of:

 

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

Restricted cash of subsidiaries

      44         56   

Sales and use tax receivables

      30         48   

Prepaid expenses

      22         15   

Prepaid incentives

      20         18   

Derivative assets

      3         10   

Assets held for sale

      —         16   

Other

      15         7   
  

 

 

     

 

 

  
     134         170   
  

 

 

     

 

 

  

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.

In November 2013, the Company completed the sale of land and buildings held for sale for $17 million and recognized a gain of less than $1 million.

As of December 31, 2012, the Company reclassified $50 million of “Development advances” (now presented as “Prepaid incentives”), previously included as part of other current assets, to “Customer loyalty payments” which form part of Intangible Assets (see Note 7).