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Accounts Payable and Accrued Liabilities
6 Months Ended
Jun. 30, 2019
Payables And Accruals [Abstract]  
Accounts Payable and Accrued Liabilities

Note 8 — Accounts Payable and Accrued Liabilities

 

 

 

June 30, 2019

 

 

December 31, 2018

 

Commodities

 

$

498.6

 

 

$

721.9

 

Other goods and services

 

 

485.9

 

 

 

478.6

 

Interest

 

 

121.5

 

 

 

79.9

 

Income and other taxes

 

 

61.5

 

 

 

47.7

 

Permian Acquisition contingent consideration

 

 

 

 

 

308.2

 

Compensation and benefits

 

 

42.9

 

 

 

57.3

 

Preferred Series A dividends payable

 

 

22.9

 

 

 

22.9

 

Other (1)

 

 

64.5

 

 

 

20.8

 

 

 

$

1,297.8

 

 

$

1,737.3

 

 

(1)

The 2019 amount includes $49.6 million of accrued distributions to noncontrolling interests.

 

Accounts payable and accrued liabilities includes $20.1 million and $52.6 million of liabilities to creditors to whom we have issued checks that remained outstanding as of June 30, 2019 and December 31, 2018.

 

Permian Acquisition Contingent Consideration

 

As a result of a 2017 acquisition of certain gas gathering and processing and crude gathering assets in the Permian Basin (the “Permian Acquisition”), we included the fair value of the contingent consideration in accounts payable and accrued liabilities as of December 31, 2018. The contingent consideration earn-out period ended on February 28, 2019 and resulted in a $317.1 million payment in May 2019.