RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2022

RELATED PARTY TRANSACTIONS

A summary of the Corporation's related party transactions can be found in Note 19 to the Consolidated Financial Statements included in the 2021 10-K.

Product and Services Agreements

The following table summarizes UCC’s transactions with TDCC and a TDCC subsidiary related to product and services agreements for the three months ended March 31, 2022 and 2021:


Product and Services Agreements Transactions	Three Months Ended
	Mar 31, 2022		Mar 31, 2021		Income Statement Classification
In millions
TDCC Subsidiary:
Commodity and raw materials purchases 1	$	505	$	483	Cost of sales
Commission expense	$	5	$	6	Sundry income (expense) - net
TDCC:
General administrative and overhead type services and service fee	$	16	$	17	Sundry income (expense) - net
Activity-based costs	$	20	$	19	Cost of sales

1.Period-end balances on hand are included in inventory. The increase in purchase costs was primarily due to higher feedstock costs.

Dividends

The following table summarizes cash dividends declared and paid to TDCC for the three months ended March 31, 2022 and 2021:


Cash Dividends Declared and Paid	Three Months Ended
	Mar 31, 2022		Mar 31, 2021
In millions

Cash dividends declared and paid	$	225	$	40