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Consolidated Statements of Income (USD $)
In Millions
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net trade sales $ 52 $ 43 $ 97 $ 91
Net sales to related companies 1,980 1,562 3,546 3,118
Total Net Sales 2,032 1,605 3,643 3,209
Cost of sales 1,816 1,502 3,245 3,065
Research and development expenses 16 12 26 23
Selling, general and administrative expenses 5 4 7 7
Restructuring charges 0 0 0 5
Equity in earnings of nonconsolidated affiliates 18 11 35 20
Sundry expense - net 24 10 54 4
Interest income 10 13 21 31
Interest expense and amortization of debt discount 9 12 18 22
Income Before Income Taxes 190 89 349 134
Provision (Credit) for income taxes 63 15 116 (2)
Net Income Attributable to Union Carbide Corporation 127 74 233 136
Depreciation 60 63 122 126
Capital Expenditures $ 39 $ 25 $ 67 $ 43