Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current Assets
Cash and cash equivalents	$ 13	$ 13
Accounts receivable:
Trade (net of allowance for doubtful receivables 2018: $-; 2017: $-)	20	21
Related companies	963	972
Other	53	50
Income taxes receivable	283	281
Notes receivable from related companies	1,058	1,238
Inventories	269	278
Other current assets	29	35
Total current assets	2,688	2,888
Investments
Investments in related companies	639	639
Other investments	25	25
Noncurrent receivables	63	62
Noncurrent receivables from related companies	53	54
Total investments	780	780
Property
Property	7,345	7,309
Less accumulated depreciation	5,969	5,930
Net property	1,376	1,379
Other Assets
Intangible assets (net of accumulated amortization 2018: $83; 2017: $82)	28	25
Deferred income tax assets - noncurrent	504	511
Deferred charges and other assets	38	36
Total other assets	570	572
Total Assets	5,414	5,619
Current Liabilities
Notes payable - related companies	24	28
Notes Payable - Other	1	0
Long-term debt due within one year	1	1
Accounts payable:
Trade	274	270
Related companies	470	684
Other	11	22
Income taxes payable	61	24
Asbestos-related liabilities - current	132	132
Accrued and other current liabilities	167	174
Total current liabilities	1,141	1,335
Long-Term Debt	474	474
Other Noncurrent Liabilities
Pension and other postretirement benefits - noncurrent	1,000	1,054
Asbestos-related liabilities - noncurrent	1,207	1,237
Other noncurrent obligations	154	151
Total other noncurrent liabilities	2,361	2,442
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	2,636	2,582
Accumulated other comprehensive loss	(1,336)	(1,352)
Union Carbide Corporation's stockholder's equity	1,438	1,368
Total Liabilities and Equity	$ 5,414	$ 5,619