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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net trade sales $ 25 $ 24 $ 82 $ 50
Net sales to related companies 1,272 1,237 2,538 2,423
Total Net Sales 1,297 1,261 2,620 2,473
Cost of sales 1,024 936 2,065 1,769
Research and development expenses 8 5 10 9
Selling, general and administrative expenses 1 2 3 4
Restructuring Charges 2 2 2 2
Equity in earnings of nonconsolidated affiliate 0 1 0 3
Sundry income (expense) - net 17 37 5 24
Interest income 5 3 9 6
Interest expense and amortization of debt discount 7 5 14 11
Income Before Income Taxes 277 352 540 711
Provision for income taxes 95 179 185 298
Net Income Attributable to Union Carbide Corporation 182 173 355 413
Depreciation 42 41 87 81
Capital Expenditures $ 48 $ 65 $ 98 $ 118