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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 13 $ 13
Accounts receivable:    
Trade (net of allowance for doubtful receivables 2018: $-; 2017: $-) 21 21
Related companies 1,029 972
Other 31 50
Income taxes receivable 330 281
Notes receivable from related companies 1,281 1,238
Inventories 304 278
Other current assets 15 35
Total current assets 3,024 2,888
Investments    
Investments in related companies 639 639
Other investments 23 25
Noncurrent receivables 67 62
Noncurrent receivables from related companies 54 54
Total investments 783 780
Property    
Property 7,430 7,309
Less accumulated depreciation 5,982 5,930
Net property 1,448 1,379
Other Assets    
Intangible assets (net of accumulated amortization 2018: $87; 2017: $82) 25 25
Deferred income tax assets 463 511
Deferred charges and other assets 34 36
Total other assets 522 572
Total Assets 5,777 5,619
Current Liabilities    
Notes payable to related companies 28 28
Notes payable - other 1 0
Long-term debt due within one year 1 1
Accounts payable:    
Trade 247 270
Related companies 515 684
Other 39 22
Income taxes payable 24 24
Asbestos-related liabilities - current 118 132
Accrued and other current liabilities 163 174
Total current liabilities 1,136 1,335
Long-Term Debt 473 474
Other Noncurrent Liabilities    
Pension and other postretirement benefits - noncurrent 979 1,054
Asbestos-related liabilities - noncurrent 1,142 1,237
Other noncurrent obligations 132 151
Total other noncurrent liabilities 2,253 2,442
Stockholders' 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 3,338 2,582
Accumulated other comprehensive loss (1,561) (1,352)
Union Carbide Corporation's stockholders' equity 1,915 1,368
Total Liabilities and Equity $ 5,777 $ 5,619