RELATED PARTY TRANSACTIONS

From the Merger date through March 31, 2019, TDCC reported transactions with DowDuPont and DuPont and its affiliates as related party transactions.

DowDuPont

Pursuant to the Merger Agreement, TDCC committed to fund a portion of DowDuPont's dividends paid to common stockholders and certain governance expenses. In addition, share repurchases by DowDuPont were partially funded by TDCC through 2018. Funding was accomplished through intercompany loans. On a quarterly basis, TDCC's Board reviewed and determined a dividend distribution to DowDuPont to settle the intercompany loans. The dividend distribution considered the level of TDCC’s earnings and cash flows and the outstanding intercompany loan balances. For the three months ended March 31, 2019, TDCC declared and paid dividends to DowDuPont of $535 million ($1,057 million for the three months ended March 31, 2018). At March 31, 2019, TDCC's outstanding intercompany loan balance was zero (insignificant at December 31, 2018). In addition, at March 31, 2019, TDCC had a receivable related to a tax sharing agreement with DowDuPont of $89 million ($89 million at December 31, 2018), included in "Accounts and notes receivable - Other" in the consolidated balance sheets.

DuPont and its Affiliates

TDCC sells to and procures from DuPont and its affiliates certain feedstocks, energy and raw materials that are consumed in each company's manufacturing process. In addition, TDCC and DuPont have tolling arrangements and recognize product sales for agriculture products. The following table presents amounts due to or due from DuPont and its affiliates:



Balances Due To or Due From DuPont and its Affiliates	Mar 31, 2019		Dec 31, 2018
In millions	Mar 31, 2019		Dec 31, 2018
Accounts and notes receivable - Other	$	201	$	288
Accounts payable - Other	$	112	$	201

The following table presents revenue earned and expenses incurred related to transactions with DuPont and its affiliates:

TDCC also transferred certain feedstocks and energy to DuPont at cost which totaled $82 million for the three months ended March 31, 2019 ($79 million for the three months ended March 31, 2018), and was reflected in "Cost of sales" in the consolidated statements of income.

Purchases from DuPont and its affiliates were $115 million for the three months ended March 31, 2019 ($44 million for the three months ended March 31, 2018).

Sales to DuPont and its Affiliates

Three Months Ended

In millions

Mar 31, 2019

Mar 31, 2018

Cost of sales