Supplemental financial information

Prepaid Expenses and Other Current Assets



	March 31, 2014		December 31, 2013
Prepaid taxes on intercompany inventory profits	$	589	$	667
Assets held for sale (a)	80		—
Other prepaid expenses and current assets	207		196
Prepaid expenses and other current assets	$	876	$	863

(a)

As of March 31, 2014, we determined that excess assets in various locations, with an aggregate carrying value of $80 million, met the criteria to be considered held for sale and were reclassified from Property, plant and equipment, net, to Prepaid expenses and other current assets in the Consolidated Balance Sheet. The comparable carrying amount of these assets as of December 31, 2013, within Property, plant and equipment, net, was $81 million. Assets considered held for sale are no longer being depreciated. We expect the sales transactions applicable to these assets to be completed within the next year and any resulting gain on such sales will be recognized on the Restructuring charges/other line of our Consolidated Statement of Income in Other.

Details on amounts reclassified out of Accumulated other comprehensive income (loss), net of taxes to Net income

The table below details where reclassifications out of AOCI are recorded on the Consolidated Statements of Income.



	For Three Months Ended March 31,
Details about AOCI Components	2014			2013			Related Statement of Income Line
Net actuarial gains (losses) of defined benefit plans (a)	$	15		$	26		Pension expense (b)
Tax benefit (expense)	(5		)	(9		)	Provision for income taxes
Reclassification to Net income, net of taxes	$	10		$	17		Net income

(a) Equals the sum of Recognized net actuarial loss and Settlement losses as detailed in Note 7.

(b) Pension expense is included in the computation of total employee benefit cost, which is allocated to COR, R&D and SG&A in the Consolidated Statements of Income.