NONCONSOLIDATED AFFILIATES

6 Months Ended

Jun. 30, 2013

Nonconsolidated Affiliates [Abstract]

NONCONSOLIDATED AFFILIATES

The table below presents summarized financial information for Univation Technologies, LLC, a significant nonconsolidated affiliate (at 100 percent):



Summarized Income Statement Information for Univation Technologies, LLC	Three Months Ended				Six Months Ended
In millions	Jun 30, 2013		Jun 30, 2012		Jun 30, 2013		Jun 30, 2012
Sales	$	94	$	79	$	197	$	153
Gross profit	$	65	$	52	$	140	$	102
Net income attributable to Univation Technologies, LLC	$	46	$	33	$	101	$	64

Divestiture

On January 31, 2013, UCC entered into a definitive agreement to sell its 50 percent ownership interest in Nippon Unicar Company, Limited to TonenGeneral Sekiyu K.K. On July 1, 2013, the sale was completed for $13 million. As a result of this share sale, the Corporation expects to reclassify a $20 million gain, primarily attributable to cumulative translation adjustment, from "Accumulated other comprehensive loss" into earnings in the third quarter of 2013. Including this gain, the sale is expected to result in an immaterial net loss, to be included in "Sundry income (expense) - net" in the consolidated statements of operations for the three- and nine-months ending September 30, 2013.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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