Current Liabilities

6 Months Ended

Jun. 30, 2017

6. Current Liabilities

Accounts Payable Accounts payable, trade included liabilities of $230 million at June 30, 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	June 30, 2017		December 31, 2016
Accrued income taxes	$	55	$	6
Interest payable	245		244
Production, property, and other taxes payable	215		239
Accrued employee benefits	183		355
Other	236		393
Total other current liabilities	$	934	$	1,237