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Long-term Financing and Sales of Receivables
3 Months Ended
Mar. 30, 2019
Receivables [Abstract]  
Long-term Financing and Sales of Receivables
Long-term Financing and Sales of Receivables
Long-term Financing
Long-term receivables consist of receivables with payment terms greater than twelve months and long-term loans. Long-term receivables consist of the following: 
 
March 30,
2019
 
December 31,
2018
Long-term receivables, gross
$
35

 
$
33

Less allowance for losses
(2
)
 
(2
)
Long-term receivables
33

 
31

Less current portion
(11
)
 
(7
)
Non-current long-term receivables
$
22

 
$
24


The current portion of long-term receivables is included in Accounts receivable, net and the non-current portion of long-term receivables is included in Other assets in the Company’s Condensed Consolidated Balance Sheets. The Company had outstanding commitments to provide long-term financing to third parties totaling $52 million at March 30, 2019, compared to $62 million at December 31, 2018.
Sales of Receivables
The following table summarizes the proceeds received from sales of accounts receivable and long-term receivables for the three months ended March 30, 2019 and March 31, 2018
 
Three Months Ended
  
March 30,
2019
 
March 31,
2018
Accounts receivable sales proceeds
$
24

 
$
55

Long-term receivables sales proceeds
21

 
13

Total proceeds from receivable sales
$
45

 
$
68


At March 30, 2019, the Company had retained servicing obligations for $944 million of long-term receivables, compared to $970 million at December 31, 2018. Servicing obligations are limited to collection activities related to the sales of accounts receivables and long-term receivables.