Liabilities Subject to Compromise

Liabilities subject to compromise represent unsecured liabilities that have been accounted for under the Plan. As a result of the Bankruptcy Petitions, actions to enforce or otherwise effect payment of pre-petition liabilities are generally stayed. These liabilities represent the amounts which have been allowed on known claims which were resolved through the Chapter 11 process, and have been approved by the Court as a result of the Confirmation Order.

Subsequent to the Petition Date, the Company received approval from the Court to pay or otherwise honor certain pre-petition unsecured obligations generally designed to stabilize the Company’s operations, such as certain employee wages, salaries and benefits, certain taxes and fees, customer obligations, obligations to logistics providers, operating lease obligations and pre-petition amounts owed to certain critical vendors. As a result of the Court approvals, these obligations are excluded from LSTC in the unaudited Condensed Consolidated Balance Sheets. In addition, the Company has honored payments to vendors and other providers in the ordinary course of business for goods and services received after the Petition Date.

The following table summarizes pre-petition liabilities that are classified as “Liabilities subject to compromise” in the unaudited Condensed Consolidated Balance Sheets:



	As of June 30, 2019
Debt	$	3,420
Interest payable	99
Accounts payable	56
Environmental reserve	43
Pension and other post employment benefit obligations	33
Dividends payable to parent	13
Other	8
Total	$	3,672

The Bankruptcy Petitions constituted an event of default under the ABL Facility and the indentures that govern the Company’s notes (see Note 9). Interest payable reflects pre-petition accrued interest related to the debt classified as LSTC. Other liabilities subject to compromise primarily include accrued liabilities for utilities and legal items.

Liabilities subject to compromise related to debt and its related interest payable were disposed of in accordance with the Plan, as applicable, on or shortly after the Company emerged from Chapter 11 bankruptcy on July 1, 2019. As of July 1, 2019, all remaining liabilities subject to compromise were not impaired and remain on the Company’s Condensed Consolidated Balance Sheets, and these obligations are treated consistently with the Company’s policies under its ordinary course of business.