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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 13 $ 13
Accounts receivable:    
Trade (net of allowance for doubtful receivables 2019: $-; 2018: $-) 53 21
Related companies 754 1,029
Other 25 31
Income taxes receivable 341 330
Notes receivable from related companies 1,386 1,281
Inventories 274 304
Other current assets 31 15
Total current assets 2,877 3,024
Investments    
Investments in related companies 238 639
Other investments 22 23
Noncurrent receivables 71 67
Noncurrent receivables from related companies 56 54
Total investments 387 783
Property    
Property 7,411 7,430
Less accumulated depreciation 5,961 5,982
Net property 1,450 1,448
Other Assets    
Intangible assets (net of accumulated amortization 2019: $88; 2018: $87) 25 25
Operating lease right-of-use assets 95 0
Deferred income tax assets - noncurrent 441 463
Deferred charges and other assets 28 34
Total other assets 589 522
Total Assets 5,303 5,777
Current Liabilities    
Notes payable - related companies 26 28
Notes Payable - Other 2 1
Long-term debt due within one year 1 1
Accounts payable:    
Trade 258 247
Related companies 444 515
Other 24 39
Operating lease liabilities - current 17 0
Income taxes payable 24 24
Asbestos-related liabilities - current 105 118
Accrued and other current liabilities 154 163
Total current liabilities 1,055 1,136
Long-Term Debt 473 473
Other Noncurrent Liabilities    
Pension and other postretirement benefits - noncurrent 960 979
Asbestos-related liabilities - noncurrent 1,113 1,142
Operating lease liabilities - noncurrent 78 0
Other noncurrent obligations 136 132
Total other noncurrent liabilities 2,287 2,253
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 2,882 3,338
Accumulated other comprehensive loss (1,532) (1,561)
Union Carbide Corporation's stockholder's equity 1,488 1,915
Total Liabilities and Equity $ 5,303 $ 5,777