v3.22.4
UCC Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Cash and cash equivalents $ 10 $ 11
Trade (net of allowance for doubtful receivables 2022: $—; 2021: $—) 40 49
Accounts Receivable, Related Parties 766 1,394
Other 24 29
Income taxes receivable 211 306
Notes receivable from related companies 958 988
Inventories 256 250
Other current assets 38 41
Total current assets 2,303 3,068
Investments in related companies 237 237
Other investments 23 22
Noncurrent receivables 91 83
Noncurrent receivables from related companies 61 68
Total investments 412 410
Property 7,104 7,168
Less accumulated depreciation 5,922 5,960
Net property 1,182 1,208
Intangible assets (net of accumulated amortization 2022: $100; 2021: $103) 9 13
Operating lease, right-of-use asset 107 122
Deferred Tax Assets, Deferred Income 239 288
Deferred charges and other assets 37 47
Total other assets 392 470
Total Assets 4,289 5,156
Notes payable to related companies 51 30
Notes Payable to Bank 4 0
Long-term debt due within one year 132 3
Trade 284 362
Related companies 411 622
Other 16 27
Operating lease liabilities - current 21 20
Income taxes payable 33 25
Asbestos-related liabilities - current 90 85
Accrued and other current liabilities 145 171
Total current liabilities 1,187 1,345
Long-term Debt and Lease Obligation 262 392
Pension and other postretirement benefits - noncurrent 298 491
Asbestos-related liabilities - noncurrent 857 931
Operating lease liabilities - noncurrent 87 103
Other noncurrent obligations 254 230
Total other noncurrent liabilities 1,496 1,755
Common stock (authorized: 1,000 shares of $0.01 par value each; issued: 935.51 shares) 0 0
Additional paid-in capital 141 141
Retained earnings 2,605 3,074
Accumulated other comprehensive loss (1,402) (1,551)
Union Carbide Corporation's stockholders' equity 1,344 1,664
Total Liabilities and Equity $ 4,289 $ 5,156