Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents		$ 23	$ 23
Accounts receivable:
Trade (net of allowance for doubtful receivables - 2014: $-; 2013: $-)		13	29
Related companies		1,090	1,285
Other		36	67
Income taxes receivable		32	476
Notes receivable from related companies		1,296	1,292
Inventories		303	378
Deferred income taxes and other current assets		103	139
Total current assets		2,896	3,689
Investments
Investments in related companies		639	813
Investments in nonconsolidated affiliates		13	13
Other investments		33	8
Noncurrent receivables		44	44
Noncurrent receivables from related companies		62	131
Total investments		791	1,009
Property
Property		7,036	6,831
Less accumulated depreciation		5,735	5,679
Net property		1,301	1,152
Other Assets
Intangible assets (net of accumulated amortization 2014: $73; 2013: $72)		22	15
Deferred income tax assets - noncurrent		513	441
Asbestos-related insurance receivables - noncurrent		51	62
Deferred charges and other assets		32	41
Total other assets		618	559
Total Assets		5,606	6,409
Current Liabilities
Notes payable - related companies		25	43
Long-term Debt and Capital Lease Obligations, Current, Net of Current Portion of Unamortized Issuance Costs		1	1
Accounts payable:
Trade		220	248
Related companies		476	872
Other		18	17
Income taxes payable		92	20
Asbestos-related liabilities - current		65	105
Other Accrued Liabilities, Current		177	192
Total current liabilities		1,074	1,498
Long-term Debt and Capital Lease Obligations, Net of Unamortized Issuance Costs	[1]	476	477
Other Noncurrent Liabilities
Pension and other postretirement benefits - noncurrent		1,076	1,051
Asbestos-related liabilities - noncurrent		387	438
Other noncurrent obligations		292	136
Total other noncurrent liabilities		1,755	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		3,391	3,740
Accumulated other comprehensive loss		(1,228)	(1,243)
Union Carbide Corporation's stockholder's equity		2,301	2,809
Total Liabilities and Equity		$ 5,606	$ 6,409

[1] Presented in accordance with newly implemented ASU 2015-03. See Note 2 for further information.