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As of June 30, 2020 and December 31, 2019, accrued liabilities and other current liabilities consisted of the following (in millions):
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June 30, |
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December 31, |
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2020 |
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2019 |
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Accrued purchases (1) |
|
$ |
782 |
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$ |
638 |
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Payroll and related costs |
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|
495 |
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|
|
466 |
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Taxes payable |
|
|
484 |
|
|
|
611 |
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Accrued interest |
|
|
91 |
|
|
|
86 |
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Financing obligation, current portion |
|
|
47 |
|
|
|
57 |
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Accrued warranty reserve, current portion |
|
|
384 |
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|
|
344 |
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Sales return reserve, current portion |
|
|
345 |
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|
|
272 |
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Resale value guarantees, current portion |
|
|
70 |
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|
|
317 |
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Operating lease liabilities, current portion |
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|
233 |
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|
|
228 |
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Other current liabilities |
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|
179 |
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|
|
203 |
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Total |
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$ |
3,110 |
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$ |
3,222 |
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(1) |
Accrued purchases primarily reflects receipts of goods and services that we had not been invoiced yet. As we are invoiced for these goods and services, this balance will reduce and accounts payable will increase. |
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