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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net trade sales $ 24 $ 20 $ 50 $ 43
Net sales to related companies 1,237 1,501 2,423 3,024
Total Net Sales 1,261 1,521 2,473 3,067
Cost of sales 936 1,277 1,769 2,504
Research and development expenses 5 5 9 10
Selling, general and administrative expenses 2 2 4 4
Restructuring Charges 2 18 2 18
Equity in earnings of nonconsolidated affiliates 1 1 3 2
Sundry income (expense) - net 37 3 24 (11)
Interest income 3 1 6 3
Interest expense and amortization of debt discount 5 6 11 14
Income Before Income Taxes 352 218 711 511
Provision for income taxes 179 73 298 171
Net Income Attributable to Union Carbide Corporation 173 145 413 340
Depreciation 41 39 81 78
Capital Expenditures $ 65 $ 64 $ 118 $ 114