Other Financial Data (Tables)

3 Months Ended

Mar. 31, 2021

Other Financial Data [Abstract]

Schedule of Other Income (Expense)

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

	Three Months Ended March 31,
	2021		2020 (1)
Foreign currency remeasurement	$	4	$	42
Financial instruments	(13)		(44)
Pension and other postretirement	6		4
Equity earnings	1		1
Disposal of businesses	—		25
Total	$	(2)	$	28

(1)For the three months ended March 31, 2020 the Company has included $1 million of expense that was previously classified as Net loss from discontinued operations. Refer to Note 1 “Basis of Presentation” for further information.

Schedule of Allowance for Doubtful Accounts

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

	Three Months Ended March 31,
	2021		2020
Balance at beginning of period	98		77
Provision	6		9
Accounts written off, net of recoveries	(4)		(8)
Foreign currency translation and other	1		3
Balance at end of period	$	101	$	81

Schedule of Other Current Assets

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

As of	March 31, 2021		December 31, 2020
Costs to fulfill contracts with customers (1)	$	241	$	339
Prepaid expenses	118		111
Taxes receivable	45		95
Other	88		79
Total	$	492	$	624

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

Schedule of Other Non-current Assets

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

As of	March 31, 2021		December 31, 2020
Costs to obtain contracts with customers (1)	$	185	$	184
Taxes receivable	124		125
Leases	82		89
Investments	74		74
Other	131		138
Total	$	596	$	610

(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, 2021		December 31, 2020
Deferred revenue (1)	$	340	$	296
Taxes payable	137		80
Leases	222		234
Other	602		561
Total	$	1,301	$	1,171

(1)During the three months ended March 31, 2021, $171 million was recognized in the Condensed Consolidated Statements of Income. During the three months ended March 31, 2020, $117 million and was recognized in the Condensed Consolidated Statements of Income.

Schedule of Other Non-current Liabilities

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

As of	March 31, 2021		December 31, 2020
Taxes payable (1)	$	589	$	561
Leases	64		65
Deferred revenue	66		76
Compensation and benefits	53		53
Other	133		140
Total	$	905	$	895

(1)Includes $145 million for the non-current portion of the one-time mandatory transition tax on accumulated foreign earnings as of March 31, 2021 and December 31, 2020.