Prepaid Expenses and Other Current Assets

9 Months Ended

Sep. 30, 2016

Prepaid Expenses and Other Current Assets

Prepaid Expenses and Other Assets

3.  Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets at September 30, 2016, December 31, 2015 and September 30, 2015 are as follows:

	September 30,		December 31,		September 30,
	2016		2015		2015
Prepaid expenses	$	61	$	52	$	50
Value added taxes		42		195		224
Other		131		119		168
	$	234	$	366	$	442

In conjunction with the Vitro Acquisition in September of 2015, part of the total consideration paid by the Company included a value added tax receivable, which is included above as of December 31, 2015 and September 30, 2015. In the third quarter of 2016, approximately $127 million of this receivable was collected by the Company. The remaining $6 million of this receivable is expected to be refunded to the Company within the next twelve months.