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Other Liabilities
6 Months Ended
Jun. 30, 2017
Other Liabilities [Abstract]  
Other Liabilities

10.   Other Liabilities



Other liabilities follow (in millions):





 

 

 

 

 

 



 

 

 

 

 

 



 

June 30,

 

December 31,



 

2017

 

2016

Current liabilities:

 

 

 

 

 

 

Wages and employee benefits

 

$

410 

 

$

487 

Income taxes

 

 

129 

 

 

150 

Derivative instruments

 

 

43 

 

 

88 

Asbestos and other litigation

 

 

39 

 

 

70 

Other current liabilities

 

 

460 

 

 

621 

Other accrued liabilities

 

$

1,081 

 

$

1,416 



 

 

 

 

 

 

Non-current liabilities:

 

 

 

 

 

 

Defined benefit pension plan liabilities

 

$

731 

 

$

692 

Derivative instruments

 

 

358 

 

 

282 

Asbestos and other litigation

 

 

343 

 

 

369 

Investment in Hemlock Semiconductor Group (1)

 

 

198 

 

 

241 

Other non-current liabilities

 

 

1,298 

 

 

1,221 

Other liabilities

 

$

2,928 

 

$

2,805 



(1)

The negative carrying value resulted from a one-time charge to this entity in 2014 for the permanent abandonment of certain assets.



Asbestos Claims



Corning and PPG each owned 50% of the capital stock of PCC.  Over a period of more than two decades, PCC and several other defendants were named in numerous lawsuits involving claims alleging personal injury from exposure to asbestos.  Refer to Note 2 (Commitments, Contingencies and Guarantees) to the consolidated financial statements for additional information on the asbestos claims.