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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net Income Attributable to Union Carbide Corporation $ 599 $ 588
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 138 137
Provision (credit) for deferred income tax (306) 32
Earnings of nonconsolidated affiliate in excess of dividends received (2) (1)
Net (gain)/loss on sales of property 50 (3)
Net gain on ownership transfer of property 0 (23)
Restructuring Charges 2 18
Pension contributions (52) (1)
Other, net (1) 2
Changes in assets and liabilities:    
Accounts and notes receivable (3) 20
Related company receivables (82) 32
Inventories (24) 18
Accounts payable (25) (10)
Related company payables 114 (414)
Other assets and liabilities 254 (32)
Cash provided by operating activities 562 369
Investing Activities    
Capital expenditures (173) (185)
Change in noncurrent receivable from related company 7 33
Proceeds from sales of property 58 0
Post-closing payments on sale of property 0 (1)
Cash acquired in ownership transfer of property 0 5
Proceeds from sales of investments 3 0
Cash used in investing activities (105) (148)
Financing Activities    
Proceeds from Notes Payable 0 1
Dividends paid to stockholder (455) (220)
Payments of Long-term Debt 1 1
Cash used in financing activities (456) (220)
Summary    
Increase in cash and cash equivalents 1 1
Cash and cash equivalents at beginning of year 23 23
Cash and cash equivalents at end of period $ 24 $ 24