Sewickley Company Use the Liabilities Section of Sewickley Company's Balance

Sewickley Company Use the liabilities section of Sewickley Company's balance sheet to answer the questions that follow.
Sewickley Company
Consolidated Balance Sheets
(in millions)

$\begin{array}{l}&\text { December } 31,\\&2017&2016\\\text { Current liabilities }\\\text { Short-term borrowings } & \$ 354 & \$ 202 \\\text { Accounts payable and other current liabilities } & 4,461 & 4,529 \\\text { Income taxes payable } & 183 & 64 \\\text { Total current liabilities } & \$ 4,998 & \$ 4,795\\\\\text { Long-term debt } & \$ 2,651 & \$ 3,009 \\\text { Other long-term liabilities } & 3,876 & 3,960 \\\text { Deferred income taxes (assume all are long-term) } & 1,496 & 1,367\\\end{array}$ ​
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-Review the consolidated balance sheets of Sewickley Company.
Required:
(1) Which long-term liability would also be listed in the short-term liability section? Why?
(2) What percent of the total liabilities for 2017 and 2016 are long-term liabilities? What implication does this have?