Current Liabilities

3 Months Ended

Mar. 31, 2018

7. Current Liabilities

Accounts Payable Accounts payable, trade included liabilities of $193 million at March 31, 2018, and $219 million at December 31, 2017, representing the amount by which checks issued but not presented to the Company’s banks for collection exceeded balances in applicable bank accounts. Changes in these liabilities are classified as cash flows from financing activities.

Other Current Liabilities The following summarizes the Company’s other current liabilities:



millions	March 31, 2018		December 31, 2017
Accrued income taxes	$	54	$	71
Interest payable	167		246
Production, property, and other taxes payable	276		216
Accrued employee benefits	140		210
Derivatives	460		384
Other	340		183
Total other current liabilities	$	1,437	$	1,310