Prepaid Expenses and Other Assets

12 Months Ended

Dec. 31, 2016

Prepaid Expenses and Other Assets

Prepaid Expenses and Other Assets

6.  Prepaid Expenses and Other Assets

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

	2016		2015
Prepaid expenses	$	50	$	52
Value added taxes		46		195
Other		103		119
	$	199	$	366

Other assets (noncurrent) consist of the following at December 31, 2016 and 2015:

	2016		2015
Deferred tax assets	$	185	$	177
Deferred returnable packaging costs		115		110
Repair part inventories		107		118
Capitalized software		85		86
Value added taxes		22		17
Deferred finance fees		5		6
Other		83		85
	$	602	$	599

Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $13 million, $19 million and $17 million for 2016, 2015 and 2014, respectively. Estimated amortization related to capitalized software through 2021 is as follows: 2017, $14 million; 2018, $14 million; 2019, $13 million; 2020, $12 million; and 2021, $11 million.