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

Annual report pursuant to Section 13 and 15(d)

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Tables)

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2018

INVESTMENT IN UNCONSOLIDATED AFFILIATES

听

Schedule of ownership percentage and investment in unconsolidated affiliates

Our ownership percentage and investment in unconsolidated affiliates were as follows (dollars in听millions):

听	听	听	听	听	听	听
听	听	December听31,听
听	听听听听	2018		听听听听	2017
Equity Method:	听	听	听	听	听	听
Venator Materials PLC (49%)(1)	听	$	219	听	$	听鈥�
BASF 乐天堂fun88(中国区)官方网站 Shanghai Isocyanate Investment听BV (50%)(2)	听	听	120	听	听	116
Nanjing Jinling 乐天堂fun88(中国区)官方网站 New Material听Co.,听Ltd. (49%)	听	听	163	听	听	124
Jurong Ningwu New Material Development听Co.,听Ltd. (30%)	听	听	24	听	听	21
Total equity method investments	听	听	526	听	听	261
Cost Method:	听	听	听听	听	听	听听
International Diol Company (4%)	听	听	听鈥�	听	听	听5
Total investments	听	$	526	听	$	266

听听听听听听

(1)

We account for our remaining investment in Venator as an equity method investment using the fair value option. For more information see 鈥淣ote 4. Discontinued Operations and Business Dispositions鈥擲eparation and Deconsolidation of Venator.鈥�

听

(2)

We own 50% of BASF 乐天堂fun88(中国区)官方网站 Shanghai Isocyanate Investment听BV. BASF 乐天堂fun88(中国区)官方网站 Shanghai Isocyanate Investment听BV owns a 70% interest in SLIC, thus giving us an indirect 35% interest in SLIC.

听

Summarized financial information of our unconsolidated affiliates

Summarized financial information of our unconsolidated affiliates as of December 31, 2018 and 2017 and for the years ended December 31, 2018, 2017 and 2016 is as follows (dollars in millions):

听

听	听	听	听	听	听	听
听	听	December听31,听
听	听听听听	2018		听听听听	2017
Current assets	听	$	1,548	听	$	391
Non-current assets	听	听	2,444	听	听	1,138
Current liabilities	听	听	781	听	听	358
Non-current liabilities	听	听	1,683	听	听	567
Noncontrolling interests	听	听	听8	听	听	听鈥�

听

听	听	听	听	听	听	听	听	听	听
听	听	December听31,听
听	听听听听	2018(1)		听听听听	2017		听听听听	2016
Revenues	听	$	2,181	听	$	1,109	听	$	645
Gross profit	听	听	221	听	听	112	听	听	49
Income from continuing operations	听	听	124	听	听	34	听	听	16
Net income	听	听	124	听	听	34	听	听	16

(1)We began accounting for our investment in Venator as an equity method investment on December 3, 2018. Therefore, the summarized financial data only includes information for Venator applicable to the period from December 3, 2018 through December 31, 2018.