ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.19.2
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2019
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Assets and liabilities of VIE Ìý Ìý Ìý Ìý Ìý Ìý
Current assets Ìý $ 3,013 Ìý $ 3,013 Ìý $ 2,958
Property, plant and equipment, net [1] Ìý 3,047 Ìý 3,047 Ìý 3,064
Operating lease right-of-use assets Ìý 445 Ìý 445 Ìý Ìý
Other noncurrent assets [1] Ìý 585 Ìý 585 Ìý 553
Deferred income taxes Ìý 293 Ìý 293 Ìý 324
Intangible assets [1] Ìý 212 Ìý 212 Ìý 219
Goodwill Ìý 275 Ìý 275 Ìý 275
Total assets Ìý 8,500 Ìý 8,500 Ìý 7,953
Current liabilities Ìý 1,650 Ìý 1,650 Ìý 1,611
Long-term debt [1] Ìý 2,277 Ìý 2,277 Ìý 2,224
Deferred income taxes Ìý 324 Ìý 324 Ìý 296
Noncurrent operating lease liabilities [1] Ìý 419 Ìý 419 Ìý Ìý
Other noncurrent liabilities [1] Ìý 1,010 Ìý 1,010 Ìý 1,073
Total liabilities Ìý 5,680 Ìý 5,680 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 Ìý Ìý Ìý
Total revenues Ìý 2,194 $ 2,404 4,228 $ 4,699 Ìý
Income from continuing operations before income taxes Ìý 170 293 352 582 Ìý
Net cash provided by operating activities Ìý Ìý Ìý 273 640 Ìý
Rubicon, Arabian Amines, and Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Ìý Ìý Ìý Ìý Ìý Ìý
Assets and liabilities of VIE Ìý Ìý Ìý Ìý Ìý Ìý
Current assets Ìý 92 Ìý 92 Ìý 92
Property, plant and equipment, net Ìý 263 Ìý 263 Ìý 265
Operating lease right-of-use assets Ìý 19 Ìý 19 Ìý Ìý
Other noncurrent assets Ìý 152 Ìý 152 Ìý 136
Deferred income taxes Ìý 32 Ìý 32 Ìý 32
Intangible assets Ìý 10 Ìý 10 Ìý 10
Goodwill Ìý 13 Ìý 13 Ìý 14
Total assets Ìý 581 Ìý 581 Ìý 549
Current liabilities Ìý 162 Ìý 162 Ìý 178
Long-term debt Ìý 45 Ìý 45 Ìý 61
Deferred income taxes Ìý 11 Ìý 11 Ìý 11
Noncurrent operating lease liabilities Ìý 14 Ìý 14 Ìý Ìý
Other noncurrent liabilities Ìý 95 Ìý 95 Ìý 97
Total liabilities Ìý 327 Ìý 327 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 Ìý Ìý Ìý
Total revenues Ìý 31 39 67 77 Ìý
Income from continuing operations before income taxes Ìý 4 9 13 19 Ìý
Net cash provided by operating activities Ìý $ 29 $ 14 $ 60 $ 29 Ìý
Rubicon LLC Ìý Ìý Ìý Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý Ìý Ìý Ìý
Variable interest entity ownership percentage Ìý Ìý Ìý 50.00% Ìý Ìý
Arabian Amines Company Ìý Ìý Ìý Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý Ìý Ìý Ìý
Variable interest entity ownership percentage Ìý Ìý Ìý 50.00% Ìý Ìý
Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ GmbH and Co. KG Ìý Ìý Ìý Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý Ìý Ìý Ìý
Variable interest entity ownership percentage Ìý Ìý Ìý 50.00% Ìý Ìý
Percentage of remaining interest to be acquired 50.00% Ìý Ìý Ìý Ìý Ìý
[1] At June 30, 2019 and December 31, 2018, respectively, $19 and $7 of cash and cash equivalents, $29 and $30 of accounts and notes receivable (net), $38 and $49 of inventories, $5 each of other current assets, $263 and $265 of property, plant and equipment (net), $10 each of intangible assets (net), $44 and $52 of other noncurrent assets, $97 and $123 of accounts payable, $25 and $30 of accrued liabilities, $36 and $25 of current portion of debt, $5 and nil of current operating lease liabilities, $45 and $61 of long-term debt, $14 and nil of noncurrent operating lease liabilities and $95 and $97 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “NoteÌý6. Variable Interest Entities.â€�