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

Union Carbide Corporation and Subsidiaries
Consolidated Balance Sheets
In millions, except share amounts (Unaudited)
Mar 31,
2017

 
Dec 31,
2016

Assets
Current Assets
 
 
 
Cash and cash equivalents
$
15

 
$
11

Accounts receivable:


 


Trade (net of allowance for doubtful receivables 2017: $-; 2016: $-)
45

 
15

Related companies
946

 
843

Other
51

 
36

Income taxes receivable
258

 
275

Notes receivable from related companies
1,162

 
1,411

Inventories
306

 
307

Other current assets
29

 
39

Total current assets
2,812

 
2,937

Investments
 

 
 

Investments in related companies
639

 
639

Investment in nonconsolidated affiliate
15

 
14

Other investments
27

 
30

Noncurrent receivables
52

 
52

Noncurrent receivables from related companies
56

 
57

Total investments
789

 
792

Property
 

 
 

Property
7,195

 
7,144

Less accumulated depreciation
5,795

 
5,750

Net property
1,400

 
1,394

Other Assets
 

 
 

Intangible assets (net of accumulated amortization 2017: $79; 2016: $78)
26

 
25

Deferred income tax assets
849

 
928

Deferred charges and other assets
44

 
70

Total other assets
919

 
1,023

Total Assets
$
5,920

 
$
6,146

Liabilities and Equity
Current Liabilities
 

 
 

Notes payable to related companies
$
28

 
$
25

Long-term debt due within one year
1

 
1

Accounts payable:


 


Trade
251

 
249

Related companies
501

 
521

Other
11

 
7

Income taxes payable
21

 
23

Asbestos-related liabilities - current
123

 
126

Accrued and other current liabilities
162

 
181

Total current liabilities
1,098

 
1,133

Long-Term Debt
475

 
475

Other Noncurrent Liabilities
 

 
 

Pension and other postretirement benefits - noncurrent
993

 
1,170

Asbestos-related liabilities - noncurrent
1,337

 
1,364

Other noncurrent obligations
202

 
206

Total other noncurrent liabilities
2,532

 
2,740

Stockholder's Equity
 

 
 

Common stock (authorized: 1,000 shares of $0.01 par value each;
issued: 935.51 shares)

 

Additional paid-in capital
138

 
138

Retained earnings
2,984

 
2,980

Accumulated other comprehensive loss
(1,307
)
 
(1,320
)
Union Carbide Corporation's stockholder's equity
1,815

 
1,798

Total Liabilities and Equity
$
5,920

 
$
6,146

See Notes to the Consolidated Financial Statements.

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