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Other Financial Data
 3 Months Ended
Mar. 31, 2024
Other Financial Data [Abstract]  
Other Financial Data Other Financial Data
Condensed Consolidated Statements of Income Information
Other Income (Expense)
Other income (expense) consists of the following (in millions):
Three Months Ended March 31,
20242023
Foreign currency remeasurement4 (19)
Equity earnings2 3 
Pension and other postretirement(10)(17)
Financial instruments and other (1)
79 8 
Total
$75 $(25)
(1)For the period ended March 31, 2024, an $82 million gain was recognized related to deferred consideration from the affiliates of The Blackstone Group L.P and the other designated purchasers related to a divestiture completed in a prior year period, refer to Note 7, “Acquisitions and Dispositions of Businesses” for additional information.
Condensed Consolidated Statements of Financial Position Information
Allowance for Doubtful Accounts
Changes in the net carrying amount of allowance for doubtful accounts are as follows (in millions):
Three Months Ended March 31,
20242023
Balance at beginning of period$79 $76 
Provision5 7 
Accounts written off, net of recoveries(2)— 
Foreign currency translation and other(1)— 
Balance at end of period$81 $83 
Other Current Assets
The components of Other current assets are as follows (in millions):
As ofMarch 31,
2024		December 31,
2023
Assets held for sale (1)
$446 $354 
Costs to fulfill contracts with customers (2)
269 370 
Prepaid expenses128 100 
Taxes receivable19 35 
Other158 137 
Total$1,020 $996 
(1)Refer to Note 7 “Acquisitions and Dispositions of Businesses” for further information.
(2)Refer to Note 3 “Revenue from Contracts with Customers” for further information.
Other Non-Current Assets
The components of Other non-current assets are as follows (in millions):
As of March 31,
2024		December 31,
2023
Costs to obtain contracts with customers (1)
$194 $195 
Taxes receivable98 100 
Investments80 45 
Leases21 26 
Other132 140 
Total$525 $506 
(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information.
Other Current Liabilities
The components of Other current liabilities are as follows (in millions):
As ofMarch 31,
2024		December 31,
2023
Taxes payable$397 $291 
Deferred revenue (1)
360 270 
Leases179 182 
Liabilities held for sale (2)
129 69 
Other1,081 1,066 
Total
$2,146 $1,878 
(1)During the three months ended March 31, 2024, revenue of $179 million was recognized in the Condensed Consolidated Statements of Income. During the three months ended March 31, 2023, revenue of $167 million was recognized in the Condensed Consolidated Statements of Income.
(2)Refer to Note 7 “Acquisitions and Dispositions of Businesses” for further information.
Other Non-Current Liabilities
The components of Other non-current liabilities are as follows (in millions):
As ofMarch 31,
2024		December 31,
2023
Taxes payable (1)
$866 $827 
Compensation and benefits55 59 
Deferred revenue31 33 
Leases5 10 
Other146 145 
Total
$1,103 $1,074 
(1)Includes $72 million for the non-current portion of the one-time mandatory transition tax on accumulated foreign earnings as of March 31, 2024 and December 31, 2023