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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 13 $ 13
Accounts receivable:    
Trade (net of allowance for doubtful receivables 2019: $-; 2018: $-) 30 21
Related companies 745 1,029
Other 19 31
Income taxes receivable 299 330
Notes receivable from related companies 1,485 1,281
Inventories 250 304
Other current assets 25 15
Total current assets 2,866 3,024
Investments    
Investments in related companies 238 639
Other investments 21 23
Noncurrent receivables 96 67
Noncurrent receivables from related companies 67 54
Total investments 422 783
Property    
Property 7,410 7,430
Less accumulated depreciation 6,040 5,982
Net property 1,370 1,448
Other Assets    
Intangible assets (net of accumulated amortization 2019: $90; 2018: $87) 23 25
Operating lease right-of-use assets 93 0
Deferred income tax assets - noncurrent 474 463
Deferred charges and other assets 26 34
Total other assets 616 522
Total Assets 5,274 5,777
Current Liabilities    
Notes payable - related companies 32 28
Notes Payable - Other 2 1
Long-term debt due within one year 1 1
Accounts payable:    
Trade 207 247
Related companies 313 515
Other 11 39
Dividends payable 112 0
Operating lease liabilities - current 18 0
Income taxes payable 24 24
Asbestos-related liabilities - current 105 118
Accrued and other current liabilities 169 163
Total current liabilities 994 1,136
Long-Term Debt 472 473
Other Noncurrent Liabilities    
Pension and other postretirement benefits - noncurrent 949 979
Asbestos-related liabilities - noncurrent 1,087 1,142
Operating lease liabilities - noncurrent 75 0
Other noncurrent obligations 184 132
Total other noncurrent liabilities 2,295 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 2,892 3,338
Accumulated other comprehensive loss (1,517) (1,561)
Union Carbide Corporation's stockholder's equity 1,513 1,915
Total Liabilities and Equity $ 5,274 $ 5,777