ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.10.0.1
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Assets and liabilities of VIE Ìý Ìý Ìý Ìý Ìý
Current assets $ 6,373 Ìý $ 6,373 Ìý $ 5,979
Property, plant and equipment, net [1] 3,014 Ìý 3,014 Ìý 3,098
Other noncurrent assets [1] 561 Ìý 561 Ìý 497
Deferred income taxes 299 Ìý 299 Ìý 208
Intangible assets [1] 118 Ìý 118 Ìý 56
Goodwill 393 Ìý 393 Ìý 140
Total assets 11,054 Ìý 11,054 Ìý 10,244
Current liabilities 3,295 Ìý 3,295 Ìý 3,265
Long-term debt [1] 2,311 Ìý 2,311 Ìý 2,258
Deferred income taxes 293 Ìý 293 Ìý 264
Other noncurrent liabilities [1] 1,085 Ìý 1,085 Ìý 1,086
Total liabilities 6,984 Ìý 6,984 Ìý 6,873
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
Revenues 2,404 $ 2,054 4,699 $ 3,986 Ìý
Income from continuing operations before income taxes 293 162 582 280 Ìý
Net cash provided by operating activities Ìý Ìý 640 394 Ìý
Rubicon, Arabian Amines, and Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Ìý Ìý Ìý Ìý Ìý
Assets and liabilities of VIE Ìý Ìý Ìý Ìý Ìý
Current assets 106 Ìý 106 Ìý 114
Property, plant and equipment, net 258 Ìý 258 Ìý 283
Other noncurrent assets 124 Ìý 124 Ìý 116
Deferred income taxes 34 Ìý 34 Ìý 33
Intangible assets 10 Ìý 10 Ìý 10
Goodwill 14 Ìý 14 Ìý 14
Total assets 546 Ìý 546 Ìý 570
Current liabilities 147 Ìý 147 Ìý 163
Long-term debt 74 Ìý 74 Ìý 86
Deferred income taxes 12 Ìý 12 Ìý 12
Other noncurrent liabilities 98 Ìý 98 Ìý 98
Total liabilities 331 Ìý 331 Ìý $ 359
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
Revenues 39 36 77 67 Ìý
Income from continuing operations before income taxes 9 10 19 14 Ìý
Net cash provided by operating activities $ 14 $ 10 $ 29 $ 22 Ìý
Rubicon LLC Ìý Ìý Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý Ìý Ìý
Variable interest entity ownership percentage Ìý Ìý 50.00% Ìý Ìý
Arabian Amines Company Ìý Ìý Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý Ìý Ìý
Variable interest entity ownership percentage Ìý Ìý 50.00% Ìý Ìý
Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ GmbH and Co. KG Ìý Ìý Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý Ìý Ìý
Variable interest entity ownership percentage Ìý Ìý 50.00% Ìý Ìý
[1] At June 30, 2018 and December 31, 2017, respectively, $9 and $15 of cash and cash equivalents, nil and $11 of restricted cash, $35 each of accounts and notes receivable (net), $55 and $46 of inventories, $6 and $7 of other current assets, $258 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $55 and $43 of other noncurrent assets, $94 and $109 of accounts payable, $29 and $32 of accrued liabilities, $23 and $21 of current portion of debt, $74 and $86 of longterm debt, and $98 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€�