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OTHER INFORMATION
6 Months Ended
Jun. 30, 2015
OTHER INFORMATION  
OTHER INFORMATION

NOTE 3OTHER INFORMATION

 

Other current assets at June 30, 2015 and December 31, 2014, include amounts due from joint interest partners of approximately $120 million each, deferred tax assets of $60 million each, and greenhouse gas emission credits of $40 million and $65 million, respectively.

 

Accrued liabilities at June 30, 2015 and December 31, 2014, include accrued compensation-related costs of approximately $95 million each, interest payable of $85 million and $70 million and greenhouse gas liabilities of $70 million and $65 million, respectively.  Other long-term liabilities include asset retirement obligations of $396 million and $397 million at June 30, 2015 and December 31, 2014, respectively.

 

Other revenue and other expenses mainly comprise sales and the associated costs, respectively, of the portion of electricity generated by our power plant that is sold to third parties.

 

Supplemental Cash Flow Information

 

Prior to the Spin-off we did not make any United States federal and state income tax payments directly to taxing jurisdictions.  During that period, our share of Occidental’s tax payments or refunds were paid or received, as applicable, by our former parent.  We did not make any United States federal or state income tax payments during the six-month period ended June 30, 2015.  Interest paid totaled approximately $149 million and zero for the six months ended June 30, 2015 and 2014, respectively.