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Note 6 - Other Current Liabilities
12 Months Ended
Dec. 31, 2021
Other Liabilities Current [Abstract]  
Other Current Liabilities

NOTE 6:  OTHER CURRENT LIABILITIES

 

 

 

As of December 31,

 

(in millions)

 

2021

 

 

2020

 

Deferred revenue and customer deposits

 

$

43

 

 

$

46

 

Employment-related liabilities

 

 

34

 

 

 

35

 

Customer rebates

 

 

21

 

 

 

21

 

Workers' compensation

 

 

7

 

 

 

9

 

Restructuring liabilities

 

 

5

 

 

 

11

 

Accrued interest

 

 

5

 

 

 

 

Preferred Stock dividends payable

 

 

1

 

 

 

3

 

Embedded conversion option derivative liability

 

 

 

 

 

9

 

Other

 

 

26

 

 

 

30

 

Total

 

$

142

 

 

$

164

 

 

The customer rebate amounts will potentially be settled through customer deductions applied to outstanding trade receivables in lieu of cash payments.

 

The Other component above consists of other miscellaneous current liabilities that, individually, were less than 5% of the total current liabilities component within the Consolidated Statement of Financial Position, and therefore have been aggregated in accordance with Regulation S-X.