Other Financial Data (Tables)

9 Months Ended

Sep. 30, 2021

Other Financial Data [Abstract]

Schedule of Other Income (Expense)

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020 (1)		2021		2020 (1)
Foreign currency remeasurement	$	20	$	(19)	$	11	$	21
Pension and other postretirement	5		4		19		10
Equity Earnings	3		1		7		3
Extinguishment of debt	—		—		—		(7)
Gain from disposal of business	1		—		2		25
Financial Instruments and other	(19)		14		(32)		(33)
Total	$	10	$	—	$	7	$	19

(1)For the three and nine months ended September 30, 2020 the Company has included $1 million of income that was previously classified as Net income 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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Balance at beginning of period	$	102	$	84	$	98	$	77
Provision	3		4		30		19
Accounts written off, net of recoveries	(8)		—		(31)		(11)
Foreign currency translation and other	1		1		1		4
Balance at end of period	$	98	$	89	$	98	$	89

Schedule of Other Current Assets

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

As of	September 30, 2021		December 31, 2020
Costs to fulfill contracts with customers (1)	$	249	$	339
Prepaid expenses	146		111
Taxes receivable	75		95
Assets held for sale (2)	122		—
Other	95		79
Total	$	687	$	624

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

(2)Refer to Note 6 “Acquisitions and Dispositions of Businesses” for further information.

Schedule of Other Non-current Assets

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

As of	September 30, 2021		December 31, 2020
Costs to obtain contracts with customers (1)	$	174	$	184
Taxes receivable	97		125
Leases	70		89
Investments	65		74
Other	119		138
Total	$	525	$	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	September 30, 2021		December 31, 2020
Deferred revenue (1)	$	334	$	296
Taxes payable	42		80
Leases	217		234
Liabilities held for sale (2)	38		—
Other	717		561
Total	$	1,348	$	1,171

(1)During the three and nine months ended September 30, 2021, revenue of $104 million and $448 million, respectively, was recognized in the Condensed Consolidated Statements of Income. During the three and nine months ended September 30, 2020, revenue of $69 million and $357 million, respectively, was recognized in the Condensed Consolidated Statements of Income.

(2)Refer to Note 6 “Acquisitions and Dispositions of Businesses” for further information.

Schedule of Other Non-current Liabilities

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

As of	September 30, 2021		December 31, 2020
Taxes payable (1)	$	592	$	561
Leases	51		65
Deferred revenue	66		76
Compensation and benefits	79		53
Other	131		140
Total	$	919	$	895

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