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UCC Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 11 $ 10
Trade (net of allowance for doubtful receivables 2023: $—; 2022: $—) 16 40
Accounts Receivable from Related Companies 700 766
Other 14 24
Income taxes receivable 238 211
Notes receivable from related companies 799 958
Inventories 227 256
Other current assets 36 38
Total current assets 2,041 2,303
Investments in related companies 237 237
Other investments 15 23
Noncurrent receivables 99 91
Noncurrent receivables from related companies 1,598 61
Total investments 1,949 412
Property 5,406 7,104
Less accumulated depreciation 4,512 5,922
Net property 894 1,182
Intangible assets (net of accumulated amortization 2023: $93; 2022: $100) 7 9
Operating lease, right-of-use asset 85 107
Deferred Tax Assets, Deferred Income 257 239
Deferred charges and other assets 39 37
Total other assets 388 392
Total Assets 5,272 4,289
Notes payable to related companies 68 51
Notes Payable to Bank 1 4
Long-term debt due within one year 1 132
Trade 286 284
Accounts payable to related company 420 411
Other 12 16
Operating lease liabilities - current 17 21
Income taxes payable 30 33
Asbestos-related liabilities - current 80 90
Accrued and other current liabilities 116 145
Total current liabilities 1,031 1,187
Long-term Debt and Lease Obligation 259 262
Pension and other postretirement benefits - noncurrent 395 298
Asbestos-related liabilities - noncurrent 787 857
Operating lease liabilities - noncurrent 68 87
Other noncurrent obligations 567 254
Total other noncurrent liabilities 1,817 1,496
Common stock (authorized: 1,000 shares of $0.01 par value each; issued: 935.51 shares) 0 0
Additional paid-in capital 1,034 141
Retained earnings 2,474 2,605
Accumulated other comprehensive loss (1,343) (1,402)
Equity, Including Portion Attributable to Noncontrolling Interest, Total 2,165 1,344
Total Liabilities and Equity $ 5,272 $ 4,289