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Other Payables and Accrued Liabilities
12 Months Ended
Dec. 31, 2014
Payables and Accruals [Abstract]  
Other Payables and Accrued Liabilities
12.

OTHER PAYABLES AND ACCRUED LIABILITIES

Other payables and accrued liabilities consisted of the following:

 

     December 31,
2014
     December 31,
2013
 

Employee related liabilities

     273         383   

Employee compensated absences

     114         128   

Taxes other than income taxes

     68         85   

Advances

     33         32   

Payables to equity-method investments

     50         81   

Obligations for capacity rights

     2         3   

Derivative instruments

     73         4   

Provision for restructuring

     32         65   

Current portion of pension

     9         12   

Royalties

     26         37   

Others

     161         107   
  

 

 

    

 

 

 

Total

     841         937   
  

 

 

    

 

 

 

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, 2014 and 2013 the value of such rights totaled $3 million and $6 million respectively, of which $2 million and $3 million respectively were reported as current liabilities.

Derivative instruments are further described in Note 23.

Other payables and accrued liabilities also include individually insignificant amounts as of December 31, 2014 and December 31, 2013.