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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net Income Attributable to Union Carbide Corporation $ 399 $ 599
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 148 138
Provision (credit) for deferred income tax 109 (306)
Earnings of nonconsolidated affiliate in excess of dividends received 0 (2)
Net gain on sales of property and investments (26) (50)
Net gain on sale of ownership interest in nonconsolidated affiliate (4) 0
Restructuring charges 10 2
Net periodic benefit cost 21 21
Pension contributions (162) (52)
Other, net 0 (1)
Changes in assets and liabilities:    
Accounts and notes receivable 10 (3)
Related company receivables 104 (82)
Inventories 8 (24)
Accounts payable 15 (25)
Related company payables 18 114
Asbestos-related payments (92) (39)
Other assets and liabilities 67 272
Cash provided by operating activities 625 562
Investing Activities    
Capital expenditures (145) (173)
Change in noncurrent receivable from related company 3 7
Proceeds from sale of ownership interest in nonconsolidated affiliate 22 0
Proceeds from sales of property 18 58
Proceeds from sales of investments 9 3
Cash used in investing activities (93) (105)
Financing Activities    
Dividends paid to stockholder (531) (455)
Proceeds from (Repayments of) Notes Payable 2 0
Payments on long-term debt (1) (1)
Cash used in financing activities (530) (456)
Summary    
Increase in cash and cash equivalents 2 1
Cash and cash equivalents at beginning of year 11 23
Cash and cash equivalents at end of period $ 13 $ 24