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Other Financial Data (Tables)

3 Months Ended

Mar. 31, 2020

Other income (expense) consists of the following (in millions):



	Three Months Ended March 31,
	2020			2019
Foreign currency remeasurement	$	42		$	(11	)
Disposal of businesses	25			5
Pension and other postretirement	4			4
Equity earnings	1			1
Financial instruments	(44		)	1
Other	1			—
Total	$	29		$	—

Schedule of Allowance for Doubtful Accounts

An analysis of the allowance for doubtful accounts is as follows (in millions):



	Three Months Ended March 31,
	2020 ⁽¹⁾			2019
Balance at December 31	$	70		$	64
Adoption of new accounting guidance⁽²⁾	7			—
Balance at January 1	77			64
Provision	9			8
Accounts written off, net of recoveries	(8		)	(8		)
Foreign currency translation and other	3			—
Balance at end of period	$	81		$	64


(1)	The Company’s estimate for allowance for credit losses with respect to receivables is based on a combination of factors, including evaluation of forward-looking information, historical write-offs, aging of balances, and other qualitative and quantitative analyses. Refer to Note 2 “Accounting Principles and Practices” for further information.

(2)

The allowance for doubtful accounts resulted in a $7 million charge from the adoption of the new accounting standard on the measurement of credit losses. After tax impacts, this resulted in a $6 million decrease to Retained earnings. Refer to Note 2 “Accounting Principles and Practices” for further information.

Schedule of Other Current Assets

The components of Other current assets are as follows (in millions):



As of	March 31, 2020		December 31, 2019
Costs to fulfill contracts with customers ⁽¹⁾	$	229	$	335
Prepaid expenses	156		97
Taxes receivable	79		88
Other ⁽²⁾	66		82
Total	$	530	$	602


(1)	Refer to Note 3 “Revenue from Contracts with Customers” for further information.


(2)	December 31, 2019 includes $4 million previously classified as “Receivables from the Divested Business”.

Schedule of Other Non-current Assets

The components of Other non-current assets are as follows (in millions):



As of	March 31, 2020		December 31, 2019
Costs to obtain contracts with customers ⁽¹⁾	$	167	$	171
Taxes receivable	101		102
Leases	93		100
Investments	52		53
Other	120		144
Total	$	533	$	570

(1)

Refer to Note 3 “Revenue from Contracts with Customers” for further information.

Schedule of Other Current Liabilities

The components of Other current liabilities are as follows (in millions):



As of	March 31, 2020		December 31, 2019
Deferred revenue ⁽¹⁾	$	309	$	270
Leases	200		210
Taxes payable	196		93
Other	572		513
Total	$	1,277	$	1,086


(1)	During the three months ended March 31, 2020, $117 million was recognized in the Condensed Consolidated Statement of Income. During the 12 months ended December 31, 2019, $532 million was recognized in the Consolidated Statement of Income.

Schedule of Other Non-current Liabilities

The components of Other non-current liabilities are as follows (in millions):



As of	March 31, 2020		December 31, 2019
Taxes payable ⁽¹⁾	$	544	$	525
Leases	74		76
Deferred revenue	72		62
Compensation and benefits	41		49
Other	199		165
Total	$	930	$	877

(1)

Includes $145 million for the non-current portion of the one-time mandatory transition tax on accumulated foreign earnings as of March 31, 2020 and December 31, 2019.