ACCRUED LIABILITIES

3 Months Ended

Mar. 31, 2015

ACCRUED LIABILITIES

ACCRUED LIABILITIES

Accrued liabilities were comprised of the following:

DOLLAR AMOUNTS IN MILLIONS	MARCH 31, 2015		DECEMBER 31, 2014
Wages, salaries and severance pay	$	118	$	161
Pension and other postretirement benefits	47		47
Vacation pay	49		47
Taxes – Social Security and real and personal property	30		24
Interest	74		105
Customer rebates and volume discounts	34		46
Deferred income	70		75
Other	111		82
Total	$	533	$	587