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OTHER PAYABLES AND ACCRUED LIABILITIES
12 Months Ended
Dec. 31, 2012
OTHER PAYABLES AND ACCRUED LIABILITIES

13.

OTHER PAYABLES AND ACCRUED LIABILITIES

Other payables and accrued liabilities consisted of the following:

 

     December 31,
2012
     December 31,
2011
 

Employee related liabilities

     397         370   

Employee compensated absences

     127         113   

Taxes other than income taxes

     71         62   

Advances

     45         73   

Payables to equity-method investments

     45         47   

Obligations for capacity rights

     1         10   

Derivative instruments

     1         75   

Provision for restructuring

     75         42   

Current portion of pension

     16         16   

Royalties

     39         35   

Others

     125         133   

Total

     942         976   

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, 2012 and 2011 the value of such rights totaled $14 million and $23 million respectively, of which $1 million and $10 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, 2012 and December 31, 2011.