ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.19.1
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Assets and liabilities of VIE Ìý Ìý Ìý
Current assets $ 3,136 Ìý $ 2,958
Property, plant and equipment, net [1] 3,055 Ìý 3,064
Operating lease right-of-use assets 453 Ìý Ìý
Other noncurrent assets [1] 566 Ìý 553
Deferred income taxes 292 Ìý 324
Intangible assets [1] 215 Ìý 219
Goodwill 277 Ìý 275
Total assets 8,640 Ìý 7,953
Current liabilities 1,718 Ìý 1,611
Long-term debt [1] 2,323 Ìý 2,224
Deferred income taxes 279 Ìý 296
Noncurrent operating lease liabilities [1] 430 Ìý Ìý
Other noncurrent liabilities [1] 1,027 Ìý 1,073
Total liabilities 5,777 Ìý 5,204
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities Ìý Ìý Ìý
Total revenues 2,034 $ 2,295 Ìý
Income from continuing operations before income taxes 182 289 Ìý
Net cash provided by operating activities (31) 163 Ìý
Rubicon, Arabian Amines, and Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Ìý Ìý Ìý
Assets and liabilities of VIE Ìý Ìý Ìý
Current assets 118 Ìý 92
Property, plant and equipment, net 266 Ìý 265
Operating lease right-of-use assets 20 Ìý Ìý
Other noncurrent assets 153 Ìý 136
Deferred income taxes 32 Ìý 32
Intangible assets 10 Ìý 10
Goodwill 13 Ìý 14
Total assets 612 Ìý 549
Current liabilities 169 Ìý 178
Long-term debt 58 Ìý 61
Deferred income taxes 11 Ìý 11
Noncurrent operating lease liabilities 15 Ìý Ìý
Other noncurrent liabilities 97 Ìý 97
Total liabilities 350 Ìý $ 347
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities Ìý Ìý Ìý
Total revenues 36 37 Ìý
Income from continuing operations before income taxes 9 9 Ìý
Net cash provided by operating activities $ 31 $ 15 Ìý
Rubicon LLC Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý
Variable interest entity ownership percentage 50.00% Ìý Ìý
Arabian Amines Company Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý
Variable interest entity ownership percentage 50.00% Ìý Ìý
Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ GmbH and Co. KG Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý
Variable interest entity ownership percentage 50.00% Ìý Ìý
[1] At March 31, 2019 and December 31, 2018, respectively, $23 and $7 of cash and cash equivalents, $29 and $30 of accounts and notes receivable (net), $60 and $49 of inventories, $5 each of other current assets, $266 and $265 of property, plant and equipment (net), $10 each of intangible assets (net), $51 and $52 of other noncurrent assets, $113 and $123 of accounts payable, $25 and $30 of accrued liabilities, $27 and $25 of current portion of debt, $5 and nil of current operating lease liabilities, $58 and $61 of longterm debt, $15 and nil of noncurrent operating lease liabilities and $97 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “NoteÌý6. Variable Interest Entities.â€�