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NONCONSOLIDATED AFFILIATES
 9 Months Ended
Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
NONCONSOLIDATED AFFILIATES
NONCONSOLIDATED AFFILIATES
As a result of the DCC Transaction, Dow Corning, previously a 50:50 joint venture between Dow and Corning, became a wholly owned subsidiary of Dow as of June 1, 2016. The Company's equity interest in Dow Corning, which was previously classified as "Investment in nonconsolidated affiliates" in the consolidated balance sheets, was remeasured to fair value. See Note 4 for additional information on the DCC Transaction, including details on the fair value of assets acquired and liabilities assumed.

Dow Corning continues to maintain an equity interest in the HSC Group. The HSC Group was included as part of the Dow Corning equity method investment and classified as "Investment in nonconsolidated affiliates" in the consolidated balance sheets. The following table includes the carrying value of the nonconsolidated affiliates included in the HSC Group at June 1, 2016, including the balance sheet classification of each investment:

HSC Group at June 1, 2016
Ownership Interest

 
Investment

 
Balance Sheet Classification
In millions
Hemlock Semiconductor L.L.C. (1)
50.1
%
 
$
(958
)
 
Other noncurrent obligations
DC HSC Holdings LLC (2)
50.0
%
 
$
571

 
Investment in nonconsolidated affiliates
(1)
Hemlock Semiconductor L.L.C. is a nonconsolidated variable interest entity. See Note 14 for additional information.
(2)
DC HSC Holdings LLC holds an 80.5 percent indirect ownership interest in Hemlock Semiconductor Operations.

At September 30, 2016, the Company had a $424 million note receivable with Sadara Chemical Company ("Sadara"), included in "Noncurrent receivables" in the consolidated balance sheets ($473 million at December 31, 2015). During the first nine months of 2016, the Company loaned an additional $831 million to Sadara and converted approximately $880 million of the loan balance into equity. Dow continues to maintain a 35 percent ownership interest in Sadara.