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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net trade sales $ 27 $ 18 $ 77 $ 61
Net sales to related companies 1,221 1,442 3,644 4,466
Total Net Sales 1,248 1,460 3,721 4,527
Cost of sales 957 1,094 2,726 3,598
Research and development expenses 5 5 14 15
Selling, general and administrative expenses 1 2 5 6
Restructuring Charges 0 0 2 18
Equity in earnings of nonconsolidated affiliate 0 1 3 3
Sundry income (expense) - net (14) (17) 10 (28)
Interest income 4 3 10 6
Interest expense and amortization of debt discount 7 7 18 21
Income Before Income Taxes 268 339 979 850
Provision for income taxes 82 91 380 262
Net Income Attributable to Union Carbide Corporation 186 248 599 588
Depreciation 39 40 120 118
Capital Expenditures $ 55 $ 71 $ 173 $ 185