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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 18 $ 26
Accounts receivable:    
Trade (net of allowance for doubtful receivables - 2012: -; 2011: $1) 35 23
Related companies 330 385
Other 86 158
Notes receivable from related companies 2,346 3,261
Inventories 420 207
Deferred income taxes and other current assets 95 93
Total current assets 3,330 4,153
Investments    
Investments in related companies 840 971
Investments in nonconsolidated affiliates 106 132
Other investments 8 6
Noncurrent receivables 45 45
Noncurrent receivables from related companies 189 136
Total investments 1,188 1,290
Property    
Property 7,211 7,099
Less accumulated depreciation 5,877 5,745
Net property 1,334 1,354
Other Assets    
Intangible assets (net of accumulated amortization 2012: $72; 2011: $141) 7 8
Deferred income tax assets - noncurrent 775 675
Asbestos-related insurance receivables - noncurrent 155 172
Deferred charges and other assets 49 53
Total other assets 986 908
Total Assets 6,838 7,705
Current Liabilities    
Notes payable - related companies 40 15
Long term debt due within one year 0 37
Accounts payable:    
Trade 299 256
Related companies 411 382
Other 15 31
Income taxes payable 59 0
Asbestos-related liabilities - current 85 73
Accrued and other current liabilities 146 157
Total current liabilities 1,055 951
Long-Term Debt 471 470
Other Noncurrent Liabilities    
Pension and other postretirement benefits - noncurrent 1,270 1,062
Asbestos-related liabilities - noncurrent 530 608
Other noncurrent obligations 188 179
Total other noncurrent liabilities 1,988 1,849
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 4,355 5,253
Accumulated other comprehensive loss (1,345) (1,132)
Union Carbide Corporation's stockholder's equity 3,322 4,433
Noncontrolling interests 2 2
Total equity 3,324 4,435
Total Liabilities and Equity $ 6,838 $ 7,705