乐天堂fun88(中国区)官方网站 Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Tables)

VARIABLE INTEREST ENTITIES (Tables)

3 Months Ended

Mar. 31, 2017

Rubicon LLC, Pacific Iron Products, Arabian Amines, Sasol 乐天堂fun88(中国区)官方网站 GmbH, Co. KG and Viance

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Identification of variable interest entities through investments and transactions

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Schedule of financial information of VIE's

The following table summarizes the carrying amount of our variable interest entities鈥� assets and liabilities included in our condensed consolidated balance sheets, before intercompany eliminations, as of March 31, 2017 and our consolidated balance sheets as of December 31, 2016 (dollars in millions):

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听	听	听	听	听	听	听
听	听	March听31,听		听	December听31,听
听	听听听听	2017		听听听听	2016
Current assets	听	$	121	听	$	117
Property, plant and equipment, net	听	听	279	听	听	284
Other noncurrent assets	听听听听	听	113	听	听	98
Deferred income taxes	听	听	43	听	听	43
Intangible assets	听	听	32	听	听	31
Goodwill	听	听	13	听	听	12
Total assets	听	$	601	听	$	585
Current liabilities	听	$	188	听	$	172
Long-term debt	听	听	106	听	听	116
Deferred income taxes	听	听	10	听	听	10
Other noncurrent liabilities	听	听	77	听	听	76
Total liabilities	听	$	381	听	$	374

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The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities for the three months ended March 31, 2017 and 2016 are as follows (dollars in millions):

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听	听	听	听	听	听	听
听	听	March听31,听		听	March听31,听
听	听	2017		听听听听	2016
Revenues	听	$	64	听	$	52
Income from continuing operations before income taxes	听	听	11	听	听	听9
Net cash provided by operating activities	听	听	18	听	听	19

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- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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