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OTHER INFORMATION
3 Months Ended
Mar. 31, 2017
OTHER INFORMATION  
OTHER INFORMATION

NOTE 3OTHER INFORMATION

 

Other current assets, net at March 31, 2017 and December 31, 2016 included amounts due from joint interest partners, net, of approximately $42 million and $51 million and derivative assets from commodities contracts of $34 million and $39 million, respectively.

 

Accrued liabilities at March 31, 2017 and December 31, 2016 reflected greenhouse gas obligations of $94 million and $89 million, accrued interest of $77 million and $25 million, accrued employee-related costs of $44 million and $91 million and derivative liabilities from commodities contracts of $39 million and $103 million, respectively.

 

Other long-term liabilities included asset retirement obligations of $402 million and $397 million at March 31, 2017 and December 31, 2016, respectively.

 

Fair Value of Financial Instruments

 

The carrying amounts of cash and other on-balance sheet financial instruments, other than debt, approximate fair value.

 

Supplemental Cash Flow Information

 

We did not make U.S. federal and state income tax payments during the three-month periods ended March 31, 2017 and 2016.  Interest paid totaled approximately $44 million and $48 million for the three months ended March 31, 2017 and 2016, respectively.