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Other Current and Non-current Liabilities

12 Months Ended

Dec. 31, 2023

Other Current and Non-current Liabilities

18)	OTHER CURRENT AND NON-CURRENT LIABILITIES

18.1)

OTHER CURRENT LIABILITIES

As of December 31, 2023 and 2022, consolidated other current liabilities were as follows:


		2023		2022

Other accounts payable and accrued expenses 1	$		656		560
Provisions 2			492		276
Contract liabilities with customers (note 3) 3			384		293
Interest payable			88		96

	$		1,620		1,225

1	Other accounts payable and accrued expenses mainly refer to accrued fixed and variable employee benefits, insurance payments and accruals for public services. These amounts are revolving in nature and are expected to be settled and replaced by similar amounts within the next 12 months.

2	Current provisions are detailed by concept in note 18.2 below.

As of December 31, 2023 and 2022, contract liabilities with customers included $339 and $253, respectively, of advances received from customers, as well as in 2023 and 2022 the current portion of deferred revenues in connection with advances under long-term clinker supply agreements of $5 in both years. Note 3 includes the changes during the period of this caption.

18.2)

OTHER

NON-CURRENT

LIABILITIES

As of December 31, 2023 and 2022, consolidated other

non-current

liabilities were as follows:


		2023		2022

Asset retirement obligations 1	$		470		465
Environmental liabilities 2			250		233
Accruals for legal assessments and other responsibilities 3			100		83
Non-current liabilities for valuation of derivative instruments			15		2
Other non-current liabilities and provisions 4			329		282

	$		1,164		1,065

1	Provisions for asset retirement include future estimated costs for demolition, cleaning and reforestation of production sites at the end of their operation, which are initially recognized against the related assets and are depreciated over their estimated useful life.

2	Environmental liabilities include future estimated costs arising from legal or constructive obligations, related to cleaning, reforestation and other remedial actions to remediate damage caused to the environment. The expected average period to settle these obligations is greater than 15 years.

3	Provisions for legal claims and other responsibilities include items related to tax contingencies.

4	As of December 31, 2023 and 2022, the balance includes deferred revenues of $22 and $27, respectively, that are amortized to the statement of income as deliverables are fulfilled over the maturity of long-term clinker supply agreements.

Changes in consolidated

non-current

other liabilities plus current provisions for the years 2023 and 2022, were as follows:


		2023
		Asset retirement obligations			Environmental liabilities			Accruals for legal proceedings			Valuation of derivative instruments			Other liabilities and provisions			Total			2022
Balance at beginning of period	$		509			276			85			50			421			1,341			1,539
Additions or increase in estimates			64			11			49			169			239			532			270
Releases or decrease in estimates			(58	)		(15	)		(34	)		(123	)		(84	)		(314	)		(486	)
Business combinations			–			–			–			–			–			–			6
Accretion expense			30			–			1			–			11			42			32
Foreign currency translation			28			7			4			(1	)		17			55			(20	)

Balance at end of period	$		573			279			105			95			604			1,656			1,341

Out of which:
Current provisions	$		103			29			5			80			275			492			276
Other non-current liabilities			470			250			100			15			329			1,164			1,065