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## 85 / SERVICE EXCELLENCE 

## Contract liabilities 

Contract liabilities represent payments received for performance obligations not yet satisfied and relate to deferred revenue and are presented as components of "Accounts payable and accrued liabilities" and "Other long-term liabilities" on the Company's Consolidated Balance Sheets. 

The following table summarizes the changes in contract liabilities for the years ended December 31, 2019 and 2018: 

<img src='content_image/1040170.jpg'>

## 4. Other (income) expense 

<img src='content_image/1040171.jpg'>

## 5. Net interest expense 

<img src='content_image/1040172.jpg'>

Interest expense includes interest on finance leases of $11 million for the year ended December 31, 2019 (2018 – $11 million; 2017 – $11 million). 

