DuPont 2006 Annual Report Download - page 91

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15. ACCOUNTS PAYABLE
December 31, 2006 2005
Trade payables $2,162 $2,138
Payables to banks 166 164
Miscellaneous 383 368
$2,711 $2,670
Trade payables includes $47 in 2006 and $65 for 2005 due to equity affiliates. Payables to banks represent
checks issued on certain disbursement accounts but not presented to the banks for payment. The reported
amounts shown above approximate fair value because of the short-term maturity of these obligations.
16. SHORT-TERM BORROWINGS AND CAPITAL LEASE OBLIGATIONS
December 31, 2006 2005
Other loans-various currencies $ 352 $ 383
Long-term debt payable within one year 1,163 986
Industrial development bonds —26
Capital lease obligations 22
$1,517 $1,397
The estimated fair value of the company’s short-term borrowings, including interest rate financial instruments,
based on quoted market prices for the same or similar issues, or on current rates offered to the company for
debt of the same remaining maturities, was $1,500 and $1,400 at December 31, 2006 and 2005, respectively.
The change in estimated fair value in 2006 was primarily due to an increase in the current portion of
long-term debt.
Unused bank credit lines were approximately $3,500 at December 31, 2006 and 2005. These lines support
short-term liquidity needs.
The weighted-average interest rate on short-term borrowings outstanding at December 31, 2006 and 2005, was
5.4 and 4.8 percent, respectively.
17. OTHER ACCRUED LIABILITIES
December 31, 2006 2005
Compensation and other employee-related costs $ 872 $ 788
Deferred Revenue 817 662
Employee benefits (Note 22) 474 350
Discounts and rebates 374 364
Miscellaneous 997 911
$3,534 $3,075
Deferred revenue principally includes advance customer payments related to businesses within the
Agriculture & Nutrition segment. Miscellaneous other accrued liabilities principally includes accrued plant and
operating expenses, accrued litigation costs, employee separation costs in connection with the company’s
restructuring programs and accrued environmental remediation costs.
F-28
E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)