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OTHER INFORMATION
 6 Months Ended
Jun. 30, 2020
OTHER INFORMATION  
OTHER INFORMATION OTHER INFORMATION
Restricted cash — Cash at June 30, 2020 included $21 million which was restricted under agreements to fund operating expenses at one of our joint ventures and hold for distributions to a joint venture (JV) partner. Cash at December 31, 2019 included $3 million, which was restricted for distributions to a JV partner.

Other current assets, net — Other current assets, net as of June 30, 2020 and December 31, 2019 consisted of the following:
June 30,December 31,
20202019
(in millions)
Net amounts due from joint interest partners(a)
$50  $70  
Derivative assets(b)
7  39  
Prepaid expenses27  19  
Other—  2  
Other current assets, net$84  $130  
(a)Both June 30, 2020 and December 31, 2019 balances included $19 million in an allowance for credit losses against the receivables from our joint interest partners.
(b)Derivative assets at June 30, 2020 included only commodity contracts held by the Benefit Street Partners joint venture (BSP JV). Derivative assets at December 31, 2019 included commodity contracts for our hedge positions and those held by the BSP JV.
Accrued liabilities — Accrued liabilities as of June 30, 2020 and December 31, 2019 consisted of the following:
June 30,December 31,
20202019
(in millions)
Accrued employee-related costs(a)
$48  $116  
Accrued taxes other than on income(b)
94  57  
Accrued interest(c)
154  13  
Lease liability15  28  
Asset retirement obligations28  28  
Other(d)
16  71  
 Accrued liabilities$355  $313  
(a)As of June 30, 2020, accrued employee-related costs declined $68 million primarily due to bonus, long term incentive and severance payments made to employees and former employees.
(b)Accrued taxes other than income increased $37 million as of June 30, 2020 primarily due to missed property tax payments in April 2020 as a result of the economic impact of Coronavirus Disease 2019 (COVID-19).
(c)Accrued interest increased $141 million as of June 30, 2020 primarily due to missed interest payments as described in Note 5 Debt.
(d)Other accrued liabilities declined $55 million as of June 30, 2020 primarily due to the timing of payments with joint interest partners and settlement payments.

Other long-term liabilities — Other long-term liabilities included asset retirement obligations of $499 million and $489 million at June 30, 2020 and December 31, 2019, respectively. The remainder of the balance for each year consisted primarily of postretirement and pension benefit obligations, liabilities related to deferred compensation arrangements and lease liabilities.

Supplemental Cash Flow Information

We did not make U.S. federal and state income tax payments during the six months ended June 30, 2020 and 2019. Interest paid, net of capitalized amounts, totaled $51 million and $219 million for the six months ended June 30, 2020 and 2019, respectively.

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