10-Q
UNION CARBIDE CORP /NEW/ filed this Form 10-Q on 04/27/2017
Entire Document
 

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Union Carbide Corporation and Subsidiaries
Consolidated Statements of Income

 
Three Months Ended
In millions (Unaudited)
Mar 31,
2017

 
Mar 31,
2016

Net trade sales
$
57

 
$
26

Net sales to related companies
1,266

 
1,186

Total Net Sales
1,323

 
1,212

Cost of sales
1,041

 
833

Research and development expenses
2

 
4

Selling, general and administrative expenses
2

 
2

Equity in earnings of nonconsolidated affiliate

 
2

Sundry income (expense) - net
(12
)
 
(13
)
Interest income
4

 
3

Interest expense and amortization of debt discount
7

 
6

Income Before Income Taxes
263

 
359

Provision for income taxes
90

 
119

Net Income Attributable to Union Carbide Corporation
$
173

 
$
240

 
 
 
 
Depreciation
$
45

 
$
40

Capital Expenditures
$
50

 
$
53

See Notes to the Consolidated Financial Statements.


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