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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables) | 12 Months Ended
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Dec. 31, 2014
Accounts Payable and Accrued Liabilities, Current [Abstract] |
Additional information regarding accounts payable and accrued liabilities | Additional information regarding accounts payable and accrued liabilities follows:
| December 31,
| 2014 |  | 2013
Accounts payable | $ | 2,439 |  |  | $ | 2,144 |
Salaries, wages and other compensation | 373 |  |  | 352 |
Accrued interest a | 166 |  |  | 210 |
Other accrued taxes | 137 |  |  | 142 |
Pension, postretirement, postemployment and other employee benefits b | 106 |  |  | 161 |
Deferred revenue | 105 |  |  | 115 |
Oil and gas royalty and revenue payable | 76 |  |  | 169 |
Rio Tinto's share of joint venture cash flows | 29 |  |  | 33 |
Commodity derivative contracts | 43 |  |  | 205 |
Other | 179 |  |  | 177 |
Total accounts payable and accrued liabilities | $ | 3,653 |  |  | $ | 3,708 |
a. | Third-party interest paid, net of capitalized interest, was $637 million in 2014, $397 million in 2013 and $111 million in 2012.
b. | Refer to Note 9 for long-term portion.

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- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
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