Current Liabilities

6 Months Ended

Jun. 30, 2018

7. Current Liabilities

Accounts Payable Accounts payable, trade included liabilities of $253 million at June 30, 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:



	June 30,		December 31,
millions	2018		2017
Accrued income taxes	$	40	$	71
Interest payable	265		246
Production, property, and other taxes payable	303		216
Accrued employee benefits	194		210
Derivatives	707		384
Other	190		183
Total other current liabilities	$	1,699	$	1,310