Current Liabilities

3 Months Ended

Mar. 31, 2017

6. Current Liabilities

Accounts Payable Accounts payable, trade included liabilities of $290 million at March 31, 2017, and $262 million at December 31, 2016, representing the amount by which checks issued but not presented to the Company’s banks for collection exceeded balances in applicable bank accounts. Changes in these liabilities are classified as cash flows from financing activities.

Other Current Liabilities The following summarizes the Company’s other current liabilities:



millions	March 31, 2017		December 31, 2016
Accrued income taxes	$	671	$	6
Interest payable	161		244
Production, property, and other taxes payable	253		239
Accrued employee benefits	185		355
Other	213		393
Total other current liabilities	$	1,483	$	1,237