ACCRUED LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2016

Accrued Liabilities

Accrued liabilities were comprised of the following:

DOLLAR AMOUNTS IN MILLIONS	MARCH 31, 2016		DECEMBER 31, 2015
Wages, salaries and severance pay	$	150	$	150
Pension and other postretirement benefits	79		44
Vacation pay	52		46
Taxes – Social Security and real and personal property	36		24
Interest	100		104
Customer rebates and volume discounts	34		46
Deferred income	37		52
Other	107		79
Total	$	595	$	545