The CompanyGLYPH<213>s debt agreements have several covenants which, among other restrictions, require maintenance of a certain level of net worth, place restrictions on the amount of additional debt the Company may incur and require mainte- nance of minimum leverage ratios. In December 2000, the Company paid down certain borrowings with the proceeds from the sale of receivables in a securitization program. At December 31, 2000 and 1999, loans payable included $139 million and $100 million, respectively, of notes payable to banks and $17 million and $13 million, respectively, of bank overdrafts. The Company has guaranteed the outstanding borrowings of its ESOP Trust. Cash contributions to the Trust, together with the dividends accumulated on the common stock held by the Trust, are used to pay interest and principal. Cash contributions and dividends to the Trust approximated $9 million in each year. The unearned compensation, which is reflected as a reduction to shareholdersGLYPH<213> investment, represents the historical cost of the shares of common stock that have not yet been allocated by the Trust to participants. Other liabilities at December 31 included the following: Significant components of net deferred tax assets related to the following tax effects of differences between financial and tax reporting at December 31: The provision (benefit) for income taxes was as follows: $ Millions  2000 1999  Accrued retirement & post- employment benefits $552 $511 Accrued product coverage & marketing expenses 170 175  Accrued compensation 51 42 Deferred income taxes 23 1  Other 41 59 $837 $788  $ Millions  2000  1999 1998 Current: U. S. Federal and state  $(19 $ 43 $ 16  Foreign 35 43 41 54 86 57 Deferred: U. S. Federal and state  (94) (17) (34)  Foreign 21 (14) (19) (73)  (31) (53) $(19)  $5 5 $ 4 $ Millions  2000 1999  Employee benefit plans $276 $282  Product coverage & marketing expenses 134 126  Restructuring charges 64 34 U.S. plant & equipment (191) (182) Net foreign taxable differences,  primarily plant & equipment (19) 9  U.S. Federal carryforward benefits: Net operating loss, expiring 2020 34 -  Foreign tax credits, expiring 2005 9 - General business tax credits,  expiring 2009 to 2020 72 22 Minimum tax credits, no expiration 19 15 Other net differences 2 13 $400 $319  Balance Sheet Classification Current assets $203 $210 Noncurrent assets 220 110 Noncurrent liabilities (23) (1) $400 $319  Note 9. Income Taxes: Note 8. Other Liabilities: 28