Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 25	$ 23
Accounts receivable:
Trade (net of allowance for doubtful receivables 2016: $-; 2015: $-)	14	13
Related companies	925	1,090
Other	43	36
Income taxes receivable	31	32
Notes receivable from related companies	1,404	1,296
Inventories	335	303
Other current assets	29	39
Total current assets	2,806	2,832
Investments
Investments in related companies	639	639
Investments in nonconsolidated affiliates	14	13
Other investments	29	33
Noncurrent receivables	44	44
Noncurrent receivables from related companies	63	62
Total investments	789	791
Property
Property	7,088	7,036
Less accumulated depreciation	5,774	5,735
Net property	1,314	1,301
Other Assets
Intangible assets (net of accumulated amortization 2016: $75; 2015: $74)	21	22
Deferred income tax assets - noncurrent	543	577
Asbestos-related insurance receivables - noncurrent	48	51
Deferred charges and other assets	35	32
Total other assets	647	682
Total Assets	5,556	5,606
Current Liabilities
Notes payable - related companies	28	25
Long-term debt due within one year	1	1
Accounts payable:
Trade	209	220
Related companies	455	476
Other	10	18
Income taxes payable	125	92
Asbestos-related liabilities - current	67	65
Accrued and other current liabilities	158	177
Total current liabilities	1,053	1,074
Long-Term Debt	476	476
Other Noncurrent Liabilities
Pension and other postretirement benefits - noncurrent	1,008	1,076
Asbestos-related liabilities - noncurrent	374	387
Other noncurrent obligations	293	292
Total other noncurrent liabilities	1,675	1,755
Stockholder's Equity
Common stock (authorized: 1,000 shares of $0.01 par value each; issued: 935.51 shares)	0	0
Additional paid-in capital	138	138
Retained earnings	3,431	3,391
Accumulated other comprehensive loss	(1,217)	(1,228)
Union Carbide Corporation's stockholder's equity	2,352	2,301
Total Liabilities and Equity	$ 5,556	$ 5,606