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OTHER INFORMATION
6 Months Ended
Jun. 30, 2017
OTHER INFORMATION  
OTHER INFORMATION

 

NOTE 3        OTHER INFORMATION

 

Other current assets, net at June 30, 2017 and December 31, 2016 included derivative assets from commodities contracts of $56 million and $39 million and amounts due from joint interest partners, net, of approximately $54 million and $51 million, respectively.  The December 31, 2016 balance in other current assets also included $19 million of assets held for sale.

 

Accrued liabilities at June 30, 2017 and December 31, 2016 reflected net greenhouse gas obligations of $99 million and $89 million, accrued employee-related costs of $48 million and $91 million, accrued interest of $23 million and $25 million and derivative liabilities from commodities contracts of $19 million and $103 million, respectively.

 

Other long-term liabilities included asset retirement obligations of $406 million and $397 million at June 30, 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 and six months ended June 30, 2017 and 2016.  Interest paid totaled approximately $195 million and $180 million for the six months ended June 30, 2017 and 2016, respectively.