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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net trade sales $ 18 $ 27 $ 61 $ 77
Net sales to related companies 1,442 1,711 4,466 5,109
Total Net Sales 1,460 1,738 4,527 5,186
Cost of sales 1,094 1,426 3,598 4,485
Research and development expenses 5 4 15 15
Selling, general and administrative expenses 2 2 6 7
Restructuring charges 0 0 18 0
Equity in earnings of nonconsolidated affiliates 1 2 3 6
Sundry income (expense) - net (17) 54 (28) 42
Interest income 3 2 6 8
Interest expense and amortization of debt discount 7 8 21 23
Income Before Income Taxes 339 356 850 712
Provision for income taxes 91 109 262 223
Net Income Attributable to Union Carbide Corporation 248 247 588 489
Depreciation 40 45 118 133
Capital Expenditures $ 71 $ 34 $ 185 $ 98