ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2014

Accounts Payable and Accrued Liabilities, Current [Abstract]

Additional information regarding accounts payable and accrued liabilities

Additional information regarding accounts payable and accrued liabilities follows:

	December 31,
	2014		2013
Accounts payable	$	2,439	$	2,144
Salaries, wages and other compensation	373		352
Accrued interesta	166		210
Other accrued taxes	137		142
Pension, postretirement, postemployment and other employee benefitsb	106		161
Deferred revenue	105		115
Oil and gas royalty and revenue payable	76		169
Rio Tinto's share of joint venture cash flows	29		33
Commodity derivative contracts	43		205
Other	179		177
Total accounts payable and accrued liabilities	$	3,653	$	3,708

a. Third-party interest paid, net of capitalized interest, was $637 million in 2014, $397 million in 2013 and $111 million in 2012.

b. Refer to Note 9 for long-term portion.