Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2014

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,
	2014		2013
	(In thousands)
Accounts payable	$	272,439	$	199,897
Wages, severance and related taxes		70,256		50,540
Current deferred revenue		45,139		31,371
Accrued rebates		31,506		34,317
Accrued interest		26,741		22,479
Employee benefits		25,158		17,697
Other (individual items less than 5% of total current liabilities)		51,620		42,765

Accounts payable and accrued liabilities	$	522,859	$	399,066

The majority of our accounts payable balance is due to trade creditors. Our accounts payable balance as of December 31, 2014 and 2013 included $14.7 million and $16.1 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 12 below.