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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net trade sales $ 108 $ 87 $ 82
Net sales to related companies 4,811 5,755 6,835
Total Net Sales 4,919 5,842 6,917
Cost of sales 3,713 4,506 5,922
Research and development expenses 18 20 20
Selling, general and administrative expenses 7 8 9
Asbestos-related charge (1,113) 0 (78)
Restructuring charges (credits) (4) (19) 3
Equity in earnings of nonconsolidated affiliates 2 4 7
Sundry income (expense) - net 2 (30) 14
Interest income 14 8 11
Interest expense and amortization of debt discount 25 28 32
Income Before Income Taxes 57 1,243 891
Provision for income taxes (32) 435 304
Net Income Attributable to Union Carbide Corporation $ 89 $ 808 $ 587