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ACCRUED LIABILITIES
9 Months Ended
Sep. 30, 2017
ACCRUED LIABILITIES
ACCRUED LIABILITIES

Accrued liabilities were comprised of the following:
DOLLAR AMOUNTS IN MILLIONS
SEPTEMBER 30,
2017
 
DECEMBER 31,
2016
Wages, salaries and severance pay
$
132

 
$
178

Pension and other postretirement benefits
48

 
49

Vacation pay
35

 
33

Taxes – Social Security and real and personal property
38

 
20

Interest
85

 
120

Customer rebates and volume discounts
46

 
39

Deferred income
60

 
40

Accrued income taxes
4

 
139

Product remediation accrual (Note 16)
179

 

Other
75

 
74

Total
$
702

 
$
692