NONCONSOLIDATED AFFILIATES (Notes)

9 Months Ended

Sep. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

NONCONSOLIDATED AFFILIATES

The Company's investments in companies accounted for using the equity method ("nonconsolidated affiliates"), by classification in the interim Condensed Consolidated Balance Sheets, are shown in the following table:

Investments in Nonconsolidated Affiliates	September 30, 2020		December 31, 2019
In millions
Investments in nonconsolidated affiliates	$	951	$	1,204
Accrued and other current liabilities	(74)		(85)
Other noncurrent obligations	—		(358)
Net investment in nonconsolidated affiliates	$	877	$	761

At September 30, 2020, the Company had an ownership interest in 18 nonconsolidated affiliates.

HSC Group

In the third quarter of 2020, the Company sold its equity interest in the HSC group. See Note 3 for further discussion. The following table reflects the carrying value of the HSC Group investments at December 31, 2019:

Investment in the HSC Group		Investment
In millions	Balance Sheet Classification	Dec 31, 2019
Hemlock Semiconductor L.L.C.	Other noncurrent obligations	$	(358)
DC HSC Holdings LLC	Investments in nonconsolidated affiliates	$	87

Sales to nonconsolidated affiliates represented less than 2 percent of total net sales for the three and nine months ended September 30, 2020 and less than 3 percent of total net sales for the three and nine months ended September 30, 2019. Sales to nonconsolidated affiliates are primarily related to the sale of trichlorosilane, a raw material used in the production of polycrystalline silicon, to the HSC Group, prior to the TCS/Hemlock Disposal. Sales of this raw material to the HSC Group are reflected in Non-Core. Purchases from nonconsolidated affiliates represented less than 2 percent of “Cost of sales” for the three and nine months ended September 30, 2020 and 2019.