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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net trade sales $ 87 $ 82 $ 161
Net sales to related companies 5,755 6,835 6,787
Total Net Sales 5,842 6,917 6,948
Cost of sales 4,506 5,922 6,214
Research and development expenses 20 20 25
Selling, general and administrative expenses 8 9 12
Asbestos-related charge 0 (78) 0
Restructuring charges (credits) (19) 3 0
Equity in earnings of nonconsolidated affiliates 4 7 82
Sundry income (expense) - net (30) 14 308
Interest income 8 11 12
Interest expense and amortization of debt discount 28 32 32
Income Before Income Taxes 1,243 891 1,067
Provision for income taxes 435 304 319
Net Income Attributable to Union Carbide Corporation $ 808 $ 587 $ 748