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SUPPLEMENTAL ACCOUNT BALANCES
12 Months Ended
Dec. 31, 2024
SUPPLEMENTAL INFORMATION [Abstract]  
SUPPLEMENTAL ACCOUNT BALANCES SUPPLEMENTAL ACCOUNT BALANCES
Other current assets, net — Other current assets, net include the following:
December 31, 2024December 31, 2023
(in millions)
Net amounts due from joint interest partners(a)
$41 $43 
Fair value of commodity derivative contracts14 21 
Prepaid expenses28 19 
Greenhouse gas allowances
27 12 
Income tax receivable50 — 
All other
16 18 
Other current assets, net$176 $113 
(a)Included in the net amounts due from joint interest partners are an insignificant amount of allowances as of December 31, 2024 and allowances of $3 million as of December 31, 2023.

Other noncurrent assets — Other noncurrent assets include the following:

December 31, 2024December 31, 2023
(in millions)
Operating lease right-of-use assets$105 $73 
Deferred financing costs - Revolving Credit Facility23 11 
Emission reduction credits11 11 
Prepaid power plant maintenance34 
Fair value of commodity derivative contracts16 
Funded pension67 
All other
45 11 
Other noncurrent assets$272 $148 

Accrued liabilities — Accrued liabilities include the following:
December 31, 2024December 31, 2023
(in millions)
Employee-related costs$184 $82 
Taxes other than on income100 35 
Asset retirement obligations134 99 
Interest12 18 
Operating lease liability15 15 
Fair value of derivative contracts50 
Premiums due on commodity derivative contracts14 21 
Income taxes payable— 18 
Payables for oil and natural gas production
25 13 
All other
77 57 
Accrued liabilities$611 $366 
Other long-term liabilities — Other long-term liabilities includes the following:

December 31, 2024December 31, 2023
(in millions)
Compensation-related liabilities$50 $38 
Postretirement and pension benefit plans59 36 
Operating lease liability76 55 
Fair value of derivative contracts
45 
Contingent liability(a)
107 52 
Other40 18 
Other long-term liabilities$377 $201 
(a)See Note 4 Investments and Related Party Transactions for information on the contingent liability related to the Carbon TerraVault JV.