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Other Payables and Accrued Liabilities
12 Months Ended
Dec. 31, 2011
Other Payables and Accrued Liabilities [Abstract]  
OTHER PAYABLES AND ACCRUED LIABILITIES

13. OTHER PAYABLES AND ACCRUED LIABILITIES

Other payables and accrued liabilities consisted of the following:

 

 

                 
    December 31,
2011
    December 31,
2010
 

Employee related liabilities

    370       440  

Employee compensated absences

    113       105  

Taxes other than income taxes

    62       76  

Advances

    73       31  

Payables to equity-method investments

    47       36  

Obligations for capacity rights

    10       12  

Derivative instruments

    75       11  

Provision for restructuring

    42       129  

Current portion of pension and other long-term benefits

    16       21  

Royalties

    35       34  

Obligation related to cash collateral

    —         7  

Others

    133       102  

Total

    976       1,004  

The terms of the agreement for the inception of Numonyx, a company created in 2007 from the Company’s and Intel’s flash memory business key assets and sold in 2010 to Micron Technology Inc., included rights granted to Numonyx to use certain assets retained by the Company. As at December 31, 2011 and 2010 the value of such rights totaled $23 million and $44 million respectively, of which $10 million and $11 million respectively were reported as current liabilities.

Derivative instruments are further described in Note 24.

Other payables and accrued liabilities also include individually insignificant amounts as of December 31, 2011 and December 31, 2010.