Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Tables)

v3.10.0.1
VARIABLE INTEREST ENTITIES (Tables)
6 Months Ended
Jun. 30, 2018
VARIABLE INTEREST ENTITIES  
Schedule of financial information of VIE's

The following table summarizes the carrying amount of our variable interest entities’ assets and liabilities included in our condensed consolidated balance sheet as of June 30, 2018 and our consolidated balance sheet as of December 31, 2017 (dollars in millions):

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

 

    

2018

    

2017

Current assets

 

$

106

 

$

114

Property, plant and equipment, net

 

 

258

 

 

283

Other noncurrent assets

 

 

124

 

 

116

Deferred income taxes

 

 

34

 

 

33

Intangible assets

 

 

10

 

 

10

Goodwill

 

 

14

 

 

14

Total assets

 

$

546

 

$

570

Current liabilities

 

$

147

 

$

163

Long-term debt

 

 

74

 

 

86

Deferred income taxes

 

 

12

 

 

12

Other noncurrent liabilities

 

 

98

 

 

98

Total liabilities

 

$

331

 

$

359

 

The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities for the three and six months ended June 30, 2018 and 2017 are as follows (dollars in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months

 

Six months

 

    

ended

 

ended

 

    

June 30, 

 

June 30, 

 

 

2018

    

2017

 

2018

 

2017

Revenues

 

$

39

 

$

36

 

$

77

 

$

67

Income from continuing operations before income taxes

 

 

 9

 

 

10

 

 

19

 

 

14

Net cash provided by operating activities

 

 

14

 

 

10

 

 

29

 

 

22