Note 8 - Other Liabilities

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Other Liabilities Disclosure [Text Block]

8. Other Liabilities

Other liabilities follow (in millions):

	March 31,		December 31,
	2021		2020
Current liabilities:
Wages and employee benefits	$	441	$	572
Income taxes		153		173
Derivative instruments (Note 13)		52		189
Asbestos and other litigation (Note 11)		13		13
Deferred revenue (Note 4)		157		152
Settlement liability (Note 3)		58		58
Customer deposits (Note 4)		217		211
Short-term operating leases		89		96
Other current liabilities		907		973
Other accrued liabilities	$	2,087	$	2,437
Non-current liabilities:
Defined benefit pension plan liabilities	$	870	$	887
Derivative instruments (Note 13)		37		155
Asbestos and other litigation (Note 11)		93		94
Deferred revenue (Note 4)		834		872
Settlement liability (Note 3)		117		117
Customer deposits (Note 4)		1,058		1,148
Deferred tax liabilities		287		313
Long-term operating leases		611		633
Other non-current liabilities		782		798
Other liabilities	$	4,689	$	5,017