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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 28 $ 33
Accounts receivable:    
Trade (net of allowance for doubtful receivables - 2014: $-; 2013: $-) 26 25
Related companies 353 390
Other 86 80
Notes receivable from related companies 1,919 2,404
Inventories 427 404
Deferred income taxes and other current assets 102 101
Total current assets 2,941 3,437
Investments    
Investments in related companies 823 823
Investments in nonconsolidated affiliates 10 6
Other investments 8 9
Noncurrent receivables 34 30
Noncurrent receivables from related companies 139 166
Total investments 1,014 1,034
Property    
Property 7,124 7,079
Less accumulated depreciation 5,913 5,840
Net property 1,211 1,239
Other Assets    
Intangible assets (net of accumulated amortization 2014: $73; 2013: $72) 12 10
Deferred income tax assets - noncurrent 707 692
Asbestos-related insurance receivables - noncurrent 78 86
Deferred charges and other assets 48 51
Total other assets 845 839
Total Assets 6,011 6,549
Current Liabilities    
Notes payable - related companies 36 34
Accounts payable:    
Trade 258 215
Related companies 387 398
Other 29 21
Income taxes payable 73 213
Asbestos-related liabilities - current 123 91
Accrued and other current liabilities 173 182
Total current liabilities 1,079 1,154
Long-Term Debt 471 471
Other Noncurrent Liabilities    
Pension and other postretirement benefits - noncurrent 664 684
Asbestos-related liabilities - noncurrent 389 434
Other noncurrent obligations 93 95
Total other noncurrent liabilities 1,146 1,213
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 4,029 4,442
Accumulated other comprehensive loss (1,026) (1,045)
Union Carbide Corporation's stockholder's equity 3,315 3,709
Noncontrolling interests 0 2
Total equity 3,315 3,711
Total Liabilities and Equity $ 6,011 $ 6,549