INVESTMENTS AND LONG-TERM RECEIVABLES

12 Months Ended

Dec. 31, 2013

Investment And Long Term Receivables [Abstract]

Investments and Long-Term Receivables

Note 10. Investments and Long-Term Receivables

	December 31,
	2013		2012
Investments	$	143	$	424
Long-term trade and other receivables		235		168
Long-term financing receivables		15		31
	$	393	$	623

The decline in the investments balance as of December 31, 2013 compared to December 31, 2012 is primarily due to the reclassification of available for sale securities (B/E Aerospace common stock) to Investments and Other Current Assets on the Consolidated Balance Sheet.

Long-Term Trade and Other Receivables include $26million and $31 million of unbilled balances under long-term contracts as of December 31, 2013 and 2012, respectively. These amounts are billed in accordance with the terms of the customer contracts to which they relate.

The following table summarizes long term trade, financing and other receivables by segment, including current portions of these receivables and the related allowances for credit losses.

		December 31,
		2013
Aerospace	$	14
Automation and Control Solutions		132
Performance Materials and Technologies		23
Transportation Systems		15
Corporate		71
	$	255

Allowance for credit losses for the above detailed long-term trade, financing and other receivables totaled $5 million and $4 million as of December 31, 2013 and 2012, respectively. The receivables are evaluated for recoverability on an individual basis, including consideration of credit quality. The above detailed financing receivables are predominately with commercial and governmental counterparties of investment grade credit quality.