10-K
UNION CARBIDE CORP /NEW/ filed this Form 10-K on 02/15/2018
Entire Document
 

 
Union Carbide Corporation and Subsidiaries
Consolidated Statements of Income

(In millions) For the years ended Dec 31,     
2017
2016
2015
Net trade sales
$
143

$
108

$
87

Net sales to related companies
5,022

4,811

5,755

Total Net Sales
5,165

4,919

5,842

Cost of sales
4,176

3,713

4,506

Research and development expenses
19

18

20

Selling, general and administrative expenses
6

7

8

Asbestos-related charge

1,113


Restructuring and asset related charges - net
74

4

19

Integration and separation costs
1



Equity in earnings of a nonconsolidated affiliate

2

4

Sundry income (expense) - net
(11
)
16

(22
)
Interest expense and amortization of debt discount
28

25

28

Income Before Income Taxes
850

57

1,243

Provision (Credit) for income taxes
645

(32
)
435

Net Income Attributable to Union Carbide Corporation
$
205

$
89

$
808

See Notes to the Consolidated Financial Statements.


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