ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.19.3
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 29, 2019
Sep. 30, 2018
Dec. 31, 2018
Assets and liabilities of VIE Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Current assets $ 3,729 $ 3,729 Ìý $ 3,729 Ìý Ìý $ 2,958
Property, plant and equipment, net [1] 2,324 2,324 Ìý 2,324 Ìý Ìý 2,353
Operating lease right-of-use assets 356 356 Ìý 356 Ìý Ìý Ìý
Other noncurrent assets [1] 433 433 Ìý 433 Ìý Ìý 393
Deferred income taxes 309 309 Ìý 309 Ìý Ìý 324
Intangible assets [1] 202 202 Ìý 202 Ìý Ìý 213
Goodwill 274 274 Ìý 274 Ìý Ìý 275
Total assets 8,115 8,115 Ìý 8,115 Ìý Ìý 7,953
Current liabilities 1,905 1,905 Ìý 1,905 Ìý Ìý 1,611
Long-term debt [1] 2,204 2,204 Ìý 2,204 Ìý Ìý 2,224
Deferred income taxes 198 198 Ìý 198 Ìý Ìý 137
Noncurrent operating lease liabilities [1] 349 349 Ìý 349 Ìý Ìý Ìý
Other noncurrent liabilities [1] 821 821 Ìý 821 Ìý Ìý 949
Total liabilities $ 5,477 5,477 Ìý 5,477 Ìý 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 Ìý
Total revenues Ìý 1,687 $ 1,968 5,140 Ìý $ 5,783 Ìý
Income from continuing operations before income taxes Ìý 3 213 277 Ìý 669 Ìý
Net cash provided by operating activities Ìý Ìý Ìý 656 Ìý 934 Ìý
Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ GmbH and Co. KG Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Percentage of joint interest acquired 50.00% Ìý Ìý Ìý Ìý Ìý Ìý
Rubicon, Arabian Amines, and Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Assets and liabilities of VIE Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Current assets $ 51 51 Ìý 51 Ìý Ìý 92
Property, plant and equipment, net 199 199 Ìý 199 Ìý Ìý 265
Operating lease right-of-use assets 17 17 Ìý 17 Ìý Ìý Ìý
Other noncurrent assets 122 122 Ìý 122 Ìý Ìý 136
Deferred income taxes 32 32 Ìý 32 Ìý Ìý 32
Intangible assets Ìý Ìý Ìý Ìý Ìý Ìý 10
Goodwill Ìý Ìý Ìý Ìý Ìý Ìý 14
Total assets 421 421 Ìý 421 Ìý Ìý 549
Current liabilities 135 135 Ìý 135 Ìý Ìý 178
Long-term debt 42 42 Ìý 42 Ìý Ìý 61
Deferred income taxes Ìý Ìý Ìý Ìý Ìý Ìý 11
Noncurrent operating lease liabilities 13 13 Ìý 13 Ìý Ìý Ìý
Other noncurrent liabilities 88 88 Ìý 88 Ìý Ìý 97
Total liabilities $ 278 278 Ìý 278 Ìý 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 Ìý
Total revenues Ìý 28 39 95 Ìý 116 Ìý
Income from continuing operations before income taxes Ìý 3 8 16 Ìý 27 Ìý
Net cash provided by operating activities Ìý $ 12 $ 21 $ 72 Ìý $ 50 Ìý
Rubicon LLC Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Variable interest entity ownership percentage Ìý Ìý Ìý 50.00% Ìý Ìý Ìý
Arabian Amines Company Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Variable interest entity ownership percentage Ìý Ìý Ìý 50.00% Ìý Ìý Ìý
Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ GmbH and Co. KG Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Variable interest entity ownership percentage Ìý Ìý Ìý Ìý 50.00% Ìý Ìý
[1] At September 30, 2019 and December 31, 2018, respectively, $4 and $7 of cash and cash equivalents, $11 and $30 of accounts and notes receivable (net), $36 and $49 of inventories, nil and $5 of other current assets, $199 and $265 of property, plant and equipment (net), nil and $10 of intangible assets (net), $20 and $52 of other noncurrent assets, $85 and $123 of accounts payable, $15 and $30 of accrued liabilities, $30 and $25 of current portion of debt, $5 and nil of current operating lease liabilities, $42 and $61 of long-term debt, $13 and nil of noncurrent operating lease liabilities and $88 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€�