Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2015

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,
	2015		2014
	(In thousands)
Accounts payable	$	223,514	$	272,439
Current deferred revenue		101,460		45,139
Wages, severance and related taxes		86,389		70,256
Accrued rebates		29,997		31,506
Employee benefits		27,482		25,158
Accrued interest		25,188		26,741
Other (individual items less than 5% of total current liabilities)		52,733		49,272

Accounts payable and accrued liabilities	$	546,763	$	520,511

The majority of our accounts payable balance is due to trade creditors. Our accounts payable balance as of December 31, 2015 and 2014 included $11.8 million and $14.7 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.