ACCRUED LIABILITIES

3 Months Ended

Mar. 31, 2017

ACCRUED LIABILITIES

ACCRUED LIABILITIES

Accrued liabilities were comprised of the following:

DOLLAR AMOUNTS IN MILLIONS	MARCH 31, 2017		DECEMBER 31, 2016
Wages, salaries and severance pay	$	97	$	178
Pension and other postretirement benefits	48		49
Vacation pay	36		33
Taxes – Social Security and real and personal property	25		20
Interest	89		120
Customer rebates and volume discounts	25		39
Deferred income	30		40
Accrued income taxes	31		139
Other	71		74
Total	$	452	$	692