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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 13 $ 11
Accounts receivable:    
Trade (net of allowance for doubtful receivables 2017: $-; 2016: $-) 20 15
Related companies 893 843
Other 48 36
Income taxes receivable 242 275
Notes receivable from related companies 1,257 1,411
Inventories 299 307
Other current assets 18 39
Total current assets 2,790 2,937
Investments    
Investments in related companies 639 639
Investments in nonconsolidated affiliate 0 14
Other investments 25 30
Noncurrent receivables 58 52
Noncurrent receivables from related companies 54 57
Total investments 776 792
Property    
Property 7,243 7,144
Less accumulated depreciation 5,837 5,750
Net property 1,406 1,394
Other Assets    
Intangible assets (net of accumulated amortization 2017: $80; 2016: $78) 26 25
Deferred income tax assets - noncurrent 797 928
Deferred charges and other assets 39 70
Total other assets 862 1,023
Total Assets 5,834 6,146
Current Liabilities    
Notes payable - related companies 27 25
Notes Payable to Bank 2 0
Long-term debt due within one year 1 1
Accounts payable:    
Trade 253 249
Related companies 537 521
Other 15 7
Income taxes payable 103 23
Asbestos-related liabilities - current 132 126
Accrued and other current liabilities 189 181
Total current liabilities 1,259 1,133
Long-Term Debt 474 475
Other Noncurrent Liabilities    
Pension and other postretirement benefits - noncurrent 955 1,170
Asbestos-related liabilities - noncurrent 1,266 1,364
Other noncurrent obligations 174 206
Total other noncurrent liabilities 2,395 2,740
Stockholder's Equity    
Common stock (authorized: 1,000 shares of $0.01 par value each; issued: 935.51 shares) 0 0
Additional paid-in capital 138 138
Retained earnings 2,848 2,980
Accumulated other comprehensive loss (1,280) (1,320)
Union Carbide Corporation's stockholder's equity 1,706 1,798
Total Liabilities and Equity $ 5,834 $ 6,146