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OTHER INFORMATION
9 Months Ended
Sep. 30, 2017
OTHER INFORMATION  
OTHER INFORMATION

 

NOTE 3        OTHER INFORMATION

 

Cash and cash equivalents at September 30, 2017 included approximately $17 million that is restricted for capital investment under our joint venture agreements.

 

Other current assets, net at September 30, 2017 and December 31, 2016 included amounts due from joint interest partners of approximately $71 million and $51 million and derivative assets from commodities contracts of $46 million and $39 million, respectively.  Also included in other current assets, net at September 30, 2017 and December 31, 2016 are assets held for sale of $12 million and $19 million, respectively.

 

Accrued liabilities at September 30, 2017 and December 31, 2016 reflected net greenhouse gas obligations of $104 million and $89 million, accrued interest of $66 million and $25 million, accrued employee-related costs of $63 million and $91 million, derivative liabilities from commodities contracts of $60 million and $103 million and liabilities held for sale of $0 and $7, respectively.

 

Other long-term liabilities included asset retirement obligations of $410 million and $397 million at September 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 nine months ended September 30, 2017 and 2016.  Interest paid totaled approximately $251 million and $244 million for the nine months ended September 30, 2017 and 2016, respectively.