Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2016

Accounts Payable and Accrued Liabilities

The carrying values of accounts payable and accrued liabilities were as follows:



	December 31,
	2016		2015
	(In thousands)
Accounts payable	$	258,203	$	223,514
Current deferred revenue	80,503		101,460
Wages, severance and related taxes	76,157		86,389
Accrued rebates	33,071		29,997
Employee benefits	24,395		27,482
Accrued interest	27,202		25,188
Other (individual items less than 5% of total current liabilities)	69,012		52,733
Accounts payable and accrued liabilities	$	568,543	$	546,763

The majority of our accounts payable balance is due to trade creditors. Our accounts payable balance as of December 31, 2016 and 2015 included $12.4 million and $11.8 million, respectively, of amounts due to banks under a commercial acceptance draft program. All accounts payable outstanding under the commercial acceptance draft program are expected to be settled within one year.

See further discussion of the accrued severance balance in Note 13 below.