Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2011

Accounts Payable and Accrued Liabilities [Abstract]

Accounts Payable and Accrued Liabilities

Note 11:    Accounts Payable and Accrued Liabilities

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

	December 31,
	2011		2010
	(In thousands)
Accounts payable	$	227,571	$	212,084
Wages, severance and related taxes		41,938		40,133
Employee benefits		16,244		17,390
Accrued rebates		34,736		32,138
Other (individual items less than 5% of total current liabilities)		61,077		56,179
Accounts payable and accrued liabilities	$	381,566	$	357,924

The majority of our accounts payable balance is due to trade creditors. Our accounts payable balance as of December 31, 2011 and 2010 also included $51.4 million and $47.3 million, respectively, of amounts due to banks used by our Asia Pacific segment under a commercial acceptance draft program. All accounts payable outstanding under the commercial acceptance draft program are expected to be settled within one year.

During 2011, we recognized severance expenses related to selected restructuring actions in our Americas, EMEA, and Asia Pacific segments of $0.6 million, $3.0 million, and $1.4 million in response to economic conditions. We expect the severance costs related to these restructuring actions will be paid in 2012.

We continue to review our business strategies and evaluate further restructuring actions. This could result in additional severance and other charges in future periods.