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

Union Carbide Corporation and Subsidiaries
Consolidated Balance Sheets

(In millions, except share amounts) At Dec 31,
2017
2016
Assets
Current Assets
 
 
Cash and cash equivalents
$
13

$
11

Accounts receivable:


 
Trade (net of allowance for doubtful receivables 2017: $-; 2016: $-)
21

15

Related companies
972

843

Other
50

36

Income taxes receivable
281

275

Notes receivable from related companies
1,238

1,411

Inventories
278

307

Other current assets
35

39

Total current assets
2,888

2,937

Investments
 

 

Investments in related companies
639

639

Investment in nonconsolidated affiliate

14

Other investments
25

30

Noncurrent receivables
62

52

Noncurrent receivables from related companies
54

57

Total investments
780

792

Property
 

 

Property
7,309

7,144

Less accumulated depreciation
5,930

5,750

Net property
1,379

1,394

Other Assets
 

 

Intangible assets (net of accumulated amortization 2017: $82; 2016: $78)
25

25

Deferred income tax assets
511

928

Deferred charges and other assets
36

70

Total other assets
572

1,023

Total Assets
$
5,619

$
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
270

249

Related companies
684

521

Other
22

7

Income taxes payable
24

23

Asbestos-related liabilities - current
132

126

Accrued and other current liabilities
174

181

Total current liabilities
1,335

1,133

Long-Term Debt
474

475

Other Noncurrent Liabilities
 

 

Pension and other postretirement benefits - noncurrent
1,054

1,170

Asbestos-related liabilities - noncurrent
1,237

1,364

Other noncurrent obligations
151

206

Total other noncurrent liabilities
2,442

2,740

Stockholders' 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
2,582

2,980

Accumulated other comprehensive loss
(1,352
)
(1,320
)
Union Carbide Corporation's stockholders' equity
1,368

1,798

Total Liabilities and Equity
$
5,619

$
6,146

See Notes to the Consolidated Financial Statements.

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