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Supplemental Information
3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Information Supplemental Information
Equity Method Investments
LACC, LLC Joint Venture
As of March 31, 2024, the Company owned an aggregate 50% membership interest in LACC, LLC ("LACC"). The Company accounts for its investment in LACC under the equity method of accounting and the change for the three months ended March 31, 2024 was as follows:
Investment in LACC
Balance at December 31, 2023$1,047 
Depreciation and amortization(12)
Balance at March 31, 2024$1,035 
Other Assets, Net
Other assets, net were $694 and $651 at March 31, 2024 and December 31, 2023, respectively. Deferred turnaround costs, net of accumulated amortization, included in other assets, net were $420 and $391 at March 31, 2024 and December 31, 2023, respectively.
Accrued and Other Liabilities
Accrued and other liabilities were $1,464 and $1,614 at March 31, 2024 and December 31, 2023, respectively. Accrued rebates, accrued litigation reserves and accrued income taxes, which are components of accrued and other liabilities, were $158, $267, and $136, respectively, at March 31, 2024 and $217, $297, and $121, respectively, at December 31, 2023. No other component of accrued and other liabilities was more than five percent of total current liabilities. Accrued liabilities with related parties were $37 and $41 at March 31, 2024 and December 31, 2023, respectively.
Non-cash Investing Activities
Capital expenditure related liabilities, included in accounts payable and accrued and other liabilities, were $112 and $111 at March 31, 2024 and March 31, 2023, respectively.
A non-cash charge of $16 related to asset retirement obligations was recognized in the three months ended March 31, 2024.
Other Income, Net
The other income, net of $50 for the three months ended March 31, 2024 included interest income of $40 and other income, net of $22 for the three months ended March 31, 2023 included interest income of $18.
Supplemental Cash Flow Information
Three Months Ended March 31,
20242023
Cash paid for:
Interest, net of interest capitalized$52 $54 
Income taxes46 23 
Operating lease information:
Right-of-use assets obtained in exchange for operating lease obligations
$44 $56