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Liabilities Subject to Compromise
6 Months Ended
Jun. 30, 2016
Reorganizations [Abstract]  
Liabilities Subject to Compromise
Liabilities Subject to Compromise


Liabilities subject to compromise include unsecured or under-secured liabilities incurred prior to the Chapter 11 filing. These liabilities represent the amounts expected to be allowed on known or potential claims to be resolved through the Chapter 11 proceedings and remain subject to future adjustments based on negotiated settlements with claimants, actions of the Court, rejection of executory contracts, proofs of claims or other events. Additionally, liabilities subject to compromise also include certain items that may be assumed under a plan of reorganization, and as such, may be subsequently reclassified to liabilities not subject to compromise. Generally, actions to enforce or otherwise effect payment of pre-petition liabilities are stayed.

Liabilities subject to compromise consists of the following:

 
 
June 30, 2016
 
 
(in thousands)
Previously Reported Balance Sheet Line
 
 
Debt
 
$
5,063,095

Accrued expenses and current liabilities
 
205,568

Accounts payable
 
100,047

Noncurrent liabilities
 
56,114

Accrued pension benefits
 
5,632

 
 
 
Total Liabilities Subject to Compromise
 
$
5,430,456


The debt balance included above is net of debt issuance costs of $64.9 million; for additional information on debt, see Note 11, "Debt and Financing Arrangements."