OTHER LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2018

Other Liabilities Disclosure [Abstract]

Summary of other liabilities

A summary of Other liabilities as of September 30, 2018 and December 31, 2017 is as follows:

	September 30, 2018		December 31, 2017
	(in millions)
Repurchase price on buy-back agreements	$	2,011	$	2,176
Warranty and campaign programs	917		932
Marketing and sales incentive programs	1,346		1,335
Tax payables	670		765
Accrued expenses and deferred income	545		610
Accrued employee benefits	691		752
Legal reserves and other provisions	340		384
Contract reserve	276		344
Contract liabilities(1)	1,407		1,498
Restructuring reserve	52		60
Other	735		738
Total	$	8,990	$	9,594

(1) Contract liabilities include $805 million and $926 million at September 30, 2018 and December 31, 2017, respectively, for future rents related to buy-back agreements.

Summary of basic warranty and accruals for campaign programs

A summary of recorded activity for the three and nine months ended September 30, 2018 and 2017 for the basic warranty and accruals for campaign programs are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
	(in millions)				(in millions)
Balance at beginning of period	927		867		932		792
Current year additions	166		210		603		584
Claims paid	(162	)	(193	)	(532	)	(509	)
Currency translation adjustment and other	(14	)	9		(86	)	26
Balance at September 30	917		893		917		893