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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income attributable to Union Carbide Corporation $ 381 $ 594 $ 375
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 170 199 202
Provision (credit) for deferred income tax (18) 5 140
Net gain on sales of property and investments (1) (3) (6)
Gain (Loss) on Sale of Investments 206 0 0
Restructuring and asset related charges - net 14 0 1
Net periodic pension benefit cost (credit) 184 9 (5)
Pension contributions (2) (3) (549)
Other Noncash Expense 0 0 11
Changes in assets and liabilities:      
Accounts and notes receivable 31 14 (22)
Related company receivables 225 658 (24)
Inventories 22 (6) (48)
Accounts payable 4 (89) 132
Related company payables 26 (190) 210
Asbestos-related payments (80) (69) (82)
Other assets and liabilities (52) 75 71
Cash provided by operating activities 698 1,194 406
Change in noncurrent receivable from related company 6 7 (2)
Investing Activities      
Capital expenditures (274) (143) (121)
Proceeds from sale of ownership interest in related party 206 0 0
Proceeds from sales of property and investments 12 3 7
Cash used for investing activities (50) (133) (116)
Financing Activities      
Dividends paid to parent (512) (1,063) (288)
Changes in short-term notes payable (3) 4 0
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security 132 3 2
Cash used for financing activities (647) (1,062) (290)
Summary      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 1 (1) 0
Cash and cash equivalents at beginning of year 10 11 11
Cash and cash equivalents at end of year $ 11 $ 10 $ 11