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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 24 $ 23
Accounts receivable:    
Trade (net of allowance for doubtful receivables - 2015: $-; 2014: $-) 16 29
Related companies 1,114 1,285
Other 53 67
Income taxes receivable 481 476
Notes receivable from related companies 1,431 1,292
Inventories 352 378
Deferred income taxes and other current assets 109 139
Total current assets 3,580 3,689
Investments    
Investments in related companies 639 813
Investments in nonconsolidated affiliates 12 13
Other investments 7 8
Noncurrent receivables 44 44
Noncurrent receivables from related companies 98 131
Total investments 800 1,009
Property    
Property 6,986 6,831
Less accumulated depreciation 5,726 5,679
Net property 1,260 1,152
Other Assets    
Intangible assets (net of accumulated amortization 2015: $73; 2014: $73) 18 15
Deferred income tax assets - noncurrent 407 441
Asbestos-related insurance receivables - noncurrent 51 62
Deferred charges and other assets 34 45
Total other assets 510 563
Total Assets 6,150 6,413
Current Liabilities    
Notes payable - related companies 27 43
Notes payable - other 1 0
Long-term debt due within one year 1 1
Accounts payable:    
Trade 232 248
Related companies 474 872
Other 22 17
Income taxes payable 21 20
Asbestos-related liabilities - current 73 105
Accrued and other current liabilities 198 192
Total current liabilities 1,049 1,498
Long-Term Debt 480 481
Other Noncurrent Liabilities    
Pension and other postretirement benefits - noncurrent 1,029 1,051
Asbestos-related liabilities - noncurrent 399 438
Other noncurrent obligations 138 136
Total other noncurrent liabilities 1,566 1,625
Stockholder's Equity    
Common stock (authorized and issued: 1,000 shares of $0.01 par value each) 0 0
Additional paid-in capital 138 312
Retained earnings 4,122 3,740
Accumulated other comprehensive loss (1,205) (1,243)
Union Carbide Corporation's stockholder's equity 3,055 2,809
Total Liabilities and Equity $ 6,150 $ 6,413