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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net trade sales $ 31 $ 27 $ 113 $ 77
Net sales to related companies 1,184 1,221 3,722 3,644
Total Net Sales 1,215 1,248 3,835 3,721
Cost of sales 991 957 3,056 2,726
Research and development expenses 4 5 14 14
Selling, general and administrative expenses 1 1 4 5
Restructuring and asset related charges - net 8 0 10 2
Integration and separation costs 1 0 1 0
Equity in earnings of nonconsolidated affiliate 0 0 0 3
Sundry income (expense) - net (8) (10) 6 20
Interest expense and amortization of debt discount 6 7 20 18
Income Before Income Taxes 196 268 736 979
Provision for income taxes 152 82 337 380
Net Income Attributable to Union Carbide Corporation 44 186 399 599
Depreciation 45 39 132 120
Capital Expenditures $ 47 $ 55 $ 145 $ 173