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Supplemental Cash Flow Information
 12 Months Ended
Dec. 31, 2016
Supplemental Cash Flow Information [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION
17.
SUPPLEMENTAL CASH FLOW INFORMATION

In order to determine net cash provided by operating activities, net income is adjusted by, among other things, changes in current assets and current liabilities as follows (in millions):
 
Year Ended December 31,
 
2016
 
2015
 
2014
Decrease (increase) in current assets:
 
 
 
 
 
Receivables, net
$
(1,531
)
 
$
1,294

 
$
2,753

Inventories
771

 
(222
)
 
(1,014
)
Income taxes receivable
156

 
(104
)
 
(23
)
Prepaid expenses and other
(109
)
 
(45
)
 
(32
)
Increase (decrease) in current liabilities:
 
 
 
 
 
Accounts payable
1,556

 
(1,787
)
 
(3,149
)
Accrued expenses
117

 
(40
)
 
38

Taxes other than income taxes
82

 
(74
)
 
(64
)
Income taxes payable
(66
)
 
(328
)
 
(319
)
Changes in current assets and current liabilities
$
976

 
$
(1,306
)
 
$
(1,810
)


There were no significant noncash investing or financing activities for the year ended December 31, 2016.

Noncash investing and financing activities for the year ended December 31, 2015 included the recognition of a capital lease asset and related obligation associated with an agreement for storage tanks near one of our refineries and an accrual for the purchase of 347,438 shares of our common stock, which was settled in early January 2016.

There were no significant noncash investing or financing activities for the year ended December 31, 2014.

Cash flows reflected as “other financing activities, net” for the year ended December 31, 2016 included the payment of a long-term liability of $137 million owed to a joint venture partner associated with an owner-method joint venture investment.

Cash flows related to interest and income taxes were as follows (in millions):
 
Year Ended December 31,
 
2016
 
2015
 
2014
Interest paid in excess of amount capitalized
$
427

 
$
416

 
$
392

Income taxes paid, net
444

 
2,093

 
1,624