Other Financial Data (Tables)

6 Months Ended

Jun. 30, 2021

Other Financial Data [Abstract]

Schedule of Other Income (Expense)

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020 (1)		2021		2020 (1)
Foreign currency remeasurement	$	(13)	$	(2)	$	(9)	$	40
Pension and other postretirement	8		2		14		6
Equity earnings	3		1		4		2
Extinguishment of debt	—		(7)		—		(7)
Disposal of businesses	1		—		1		25
Financial instruments and other	—		(3)		(13)		(47)
Total	$	(1)	$	(9)	$	(3)	$	19

(1)For the three months ended June 30, 2020 the Company has included $1 million of income that was previously classified as Net income from discontinued operations. There was no impact on the six months ended June 30, 2020. 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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Balance at beginning of period	$	101	$	81	$	98	$	77
Provision	21		6		27		15
Accounts written off, net of recoveries	(19)		(3)		(23)		(11)
Foreign currency translation and other	(1)		—		—		3
Balance at end of period	$	102	$	84	$	102	$	84

Schedule of Other Current Assets

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

As of	June 30, 2021		December 31, 2020
Costs to fulfill contracts with customers (1)	$	222	$	339
Prepaid expenses	136		111
Taxes receivable	85		95
Other	104		79
Total	$	547	$	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	June 30, 2021		December 31, 2020
Costs to obtain contracts with customers (1)	$	175	$	184
Taxes receivable	98		125
Leases	76		89
Investments	78		74
Other	119		138
Total	$	546	$	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	June 30, 2021		December 31, 2020
Deferred revenue (1)	$	355	$	296
Taxes payable	100		80
Leases	228		234
Other	735		561
Total	$	1,418	$	1,171

(1)During the three and six months ended June 30, 2021, revenue of $173 million and $344 million, respectively, was recognized in the Condensed Consolidated Statements of Income. During the three and six months ended June 30, 2020, revenue of $171 million and $288 million, respectively, 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	June 30, 2021		December 31, 2020
Taxes payable (1)	$	586	$	561
Leases	55		65
Deferred revenue	68		76
Compensation and benefits	75		53
Other	128		140
Total	$	912	$	895

(1)Includes $145 million for the non-current portion of the one-time mandatory transition tax on accumulated foreign earnings as of June 30, 2021 and December 31, 2020.