DELPHI 2013 Annual Report Download - page 100

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78
8. LIABILITIES
Accrued liabilities consisted of the following:
December 31,
2013 December 31,
2012
(in millions)
Payroll-related obligations........................................................................................................ $ 269 $ 259
Employee benefits, including current pension obligations....................................................... 130 123
Executive long-term incentive plan (Note 21).......................................................................... — 20
Income and other taxes payable................................................................................................ 280 261
Warranty obligations (Note 9)................................................................................................... 75 92
Restructuring (Note 10) ............................................................................................................ 94 118
Customer deposits..................................................................................................................... 38 35
Deferred income taxes (Note 14).............................................................................................. 1 12
Derivative financial instruments (Note 17)............................................................................... 16 12
Accrued interest ........................................................................................................................ 24 9
Other.......................................................................................................................................... 311 300
Total................................................................................................................................... $ 1,238 $ 1,241
Other long-term liabilities consisted of the following:
December 31,
2013 December 31,
2012
(in millions)
Environmental (Note 13) .......................................................................................................... $ 18 $ 18
Extended disability benefits...................................................................................................... 9 12
Warranty obligations (Note 9)................................................................................................... 94 74
Restructuring (Note 10) ............................................................................................................ 45 45
Payroll-related obligations........................................................................................................ 12 11
Accrued income taxes............................................................................................................... 34 38
Deferred income taxes (Note 14).............................................................................................. 151 185
Derivative financial instruments (Note 17)............................................................................... 6 1
Other.......................................................................................................................................... 40 50
Total................................................................................................................................... $ 409 $ 434
9. WARRANTY OBLIGATIONS
Expected warranty costs for products sold are recognized principally at the time of sale of the product based on estimates
of the amount that will eventually be required to settle such obligations. These accruals are based on factors such as past
experience, production changes, industry developments and various other considerations. These estimates are adjusted from
time to time based on facts and circumstances that impact the status of existing claims. Delphi has recognized its best estimate
for its total aggregate warranty reserves across all of its operating segments as of December 31, 2013. The estimated reasonably
possible amount to ultimately resolve all matters are not materially different from the recorded reserves as of December 31,
2013.