Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Current Assets
Cash and cash equivalents	$ 26	$ 22
Accounts receivable:
Trade (net of allowance for doubtful receivables - 2011: $1; 2010: $1)	23	27
Related companies	385	403
Other	158	159
Notes receivable from related companies	3,261	4,335
Inventories	207	194
Deferred income taxes and other current assets	93	87
Total current assets	4,153	5,227
Investments
Investments in related companies	971	972
Investments in nonconsolidated affiliates	132	131
Other investments	6	10
Noncurrent receivables	45	46
Noncurrent receivables from related companies	136	125
Total investments	1,290	1,284
Property
Property	7,099	7,080
Less accumulated depreciation	5,745	5,640
Net property	1,354	1,440
Other Assets
Intangible assets (net of accumulated amortization 2011: $141; 2010: $140)	8	7
Deferred income tax assets - noncurrent	675	579
Asbestos-related insurance receivables - noncurrent	172	220
Deferred charges and other assets	53	67
Total other assets	908	873
Total Assets	7,705	8,824
Current Liabilities
Notes payable - related companies	15	3
Long term debt due within one year	37	0
Accounts payable:
Trade	256	267
Related companies	382	527
Other	31	30
Income taxes payable	0	140
Asbestos-related liabilities - current	73	78
Accrued and other current liabilities	157	185
Total current liabilities	951	1,230
Long-Term Debt	470	571
Other Noncurrent Liabilities
Pension and other postretirement benefits - noncurrent	1,062	894
Asbestos-related liabilities - noncurrent	608	663
Other noncurrent obligations	179	188
Total other noncurrent liabilities	1,849	1,745
Stockholder's Equity
Common stock (authorized and issued: 1,000 shares of $0.01 par value each)	0	0
Additional paid-in capital	312	312
Retained earnings	5,253	5,990
Accumulated other comprehensive loss	(1,132)	(1,026)
Union Carbide Corporation's stockholder's equity	4,433	5,276
Noncontrolling interests	2	2
Total equity	4,435	5,278
Total Liabilities and Equity	$ 7,705	$ 8,824