OTHER ASSETS AND OTHER LIABILITIES AND DEFERRED INCOME

Other assets and other liabilities and deferred income consist of various balance sheet items that are combined for financial statement presentation due to their respective materiality compared with other individual asset and liability items.

Other assets were as follows (in millions):



	December 31, 2016		June 30, 2017
Accrued interest and other non-finance receivables	$	889	$	934
Prepaid reinsurance premiums and other reinsurance recoverables	546		577
Collateral held for resale, at net realizable value	621		524
Deferred charges – income taxes	205		218
Investment in non-consolidated affiliates	153		180
Property and equipment, net of accumulated depreciation (a)	156		166
Deferred charges	122		126
Restricted cash (b)	108		102
Other	22		32
Total other assets	$	2,822	$	2,859

__________


(a)	Accumulated depreciation was $347 million and $361 million at December 31, 2016 and June 30, 2017, respectively.


(b)	Restricted cash primarily includes cash held to meet certain local governmental and regulatory reserve requirements and cash held under the terms of certain contractual agreements. Restricted cash does not include required minimum balances or cash securing debt issued through securitization transactions.

Other liabilities and deferred income were as follows (in millions):



	December 31, 2016		June 30, 2017
Interest payable	$	661	$	687
Unearned insurance premiums and fees	650		686
Income tax and related interest	294		258
Deferred revenue	143		151
Payroll and employee benefits	51		58
Other	198		226
Total other liabilities and deferred income	$	1,997	$	2,066

Deferred revenue balances presented above include amounts from contracts with customers primarily related to admission fee revenue on group financing products available in Argentina and were $120 million, $120 million, and $128 million at December 31, 2016, January 1, 2017, and June 30, 2017, respectively. The January 1, 2017 balance reflects adoption of the new revenue recognition standard. See Note 2 for additional information.

Admission fee revenue on group financing products is generally recognized evenly over the term of the agreement, which is up to 84 months. Increases in the admission fee deferred revenue balance are the result of payments due during the current period in advance of satisfying our performance under the contract and decreases are a result of revenue recognized during the current period that was previously deferred. The total amount of admission fee revenue recognized for the first half of 2017 that was included in the beginning balance of deferred revenue at January 1, 2017 was $14 million.