NOTE 4. Supplemental Balance Sheet Information
Accounts payable (included as a separate line item in the Consolidated Balance Sheet) includes drafts payable on demand of $24 million at December 31, 2013, and $74 million at December 31, 2012. Accumulated depreciation for capital leases totaled $85 million and $73 million as of December 31, 2013, and 2012, respectively. Additional supplemental balance sheet information is provided in the table that follows.
(Millions) | 2013 | 2012 | |||||
Other current assets | |||||||
Prepaid expenses and other | $ | 602 | $ | 555 | |||
Deferred income taxes | 502 | 472 | |||||
Derivative assets-current | 76 | 49 | |||||
Product and other insurance receivables | 99 | 125 | |||||
Total other current assets | $ | 1,279 | $ | 1,201 | |||
Investments | |||||||
Equity method | $ | 69 | $ | 105 | |||
Cost method | 45 | 47 | |||||
Other investments | 8 | 11 | |||||
Total investments | $ | 122 | $ | 163 | |||
Property, plant and equipment - at cost | |||||||
Land | $ | 411 | $ | 413 | |||
Buildings and leasehold improvements | 7,062 | 6,975 | |||||
Machinery and equipment | 14,665 | 14,190 | |||||
Construction in progress | 772 | 791 | |||||
Capital leases | 158 | 156 | |||||
Gross property, plant and equipment | 23,068 | 22,525 | |||||
Accumulated depreciation | (14,416) | (14,147) | |||||
Property, plant and equipment - net | $ | 8,652 | $ | 8,378 | |||
Other assets | |||||||
Deferred income taxes | $ | 360 | $ | 578 | |||
Product and other insurance receivables | 96 | 139 | |||||
Cash surrender value of life insurance policies | 236 | 230 | |||||
Other assets | 288 | 270 | |||||
Total other assets | $ | 980 | $ | 1,217 | |||
Other current liabilities | |||||||
Accrued trade payables | $ | 547 | $ | 516 | |||
Deferred income | 521 | 471 | |||||
Derivative liabilities | 103 | 106 | |||||
Dividends payable | 567 | ― | |||||
Employee benefits and withholdings | 195 | 178 | |||||
Product and other claims | 119 | 147 | |||||
Property and other taxes | 88 | 87 | |||||
Pension and postretirement benefits | 61 | 55 | |||||
Deferred income taxes | 37 | 45 | |||||
Other | 653 | 676 | |||||
Total other current liabilities | $ | 2,891 | $ | 2,281 | |||
Other liabilities | |||||||
Long term income taxes payable | $ | 472 | $ | 454 | |||
Employee benefits | 315 | 332 | |||||
Product and other claims | 314 | 314 | |||||
Capital lease obligations | 58 | 71 | |||||
Deferred income | 19 | 29 | |||||
Deferred income taxes | 538 | 167 | |||||
Other | 268 | 267 | |||||
Total other liabilities | $ | 1,984 | $ | 1,634 |