NONCONSOLIDATED AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2021

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Nonconsolidated Affiliates - Investments and Dividends

The Company’s investments in companies accounted for using the equity method (“nonconsolidated affiliates”), by classification in the consolidated balance sheets, and dividends received from nonconsolidated affiliates are shown in the following tables:

Investments in Nonconsolidated Affiliates at Dec 31	2021 1		2020 1
In millions
Investment in nonconsolidated affiliates	$	2,045	$	1,327
Other noncurrent obligations	—		(169)
Net investment in nonconsolidated affiliates	$	2,045	$	1,158

1.The carrying amount of the Company’s investments in nonconsolidated affiliates at December 31, 2021 and 2020 was $55 million less than its share of the investees’ net assets, exclusive of additional differences relating to Sadara, EQUATE Petrochemical Company K.S.C.C. ("EQUATE") and AgroFresh Solutions Inc. ("AFSI"), which are discussed separately in the disclosures that follow.

Dividends Received from Nonconsolidated Affiliates	2021		2020		2019
In millions
Dividends from nonconsolidated affiliates 1	$	324	$	425	$	1,020

1.Included in "Earnings of nonconsolidated affiliates less than (in excess of) dividends received" in the consolidated statements of cash flows.

Balances Due To or Due From Nonconsolidated Affiliates

Balances due to or due from nonconsolidated affiliates at December 31, 2021 and 2020 were as follows:

Balances Due To or Due From Nonconsolidated Affiliates at Dec 31	2021		2020
In millions
Accounts and notes receivable - Other	$	357	$	229
Accounts payable - Other	$	1,611	$	1,075

The following table presents revenue earned and expenses incurred related to transactions with Historical DuPont and its affiliates:

Sales to Historical DuPont and its Affiliates	2019
In millions
Net sales	$	12
Cost of sales	$	9

Equity Method Investment

The Company's principal nonconsolidated affiliates and its ownership interest (direct and indirect) for each at December 31, 2021, 2020 and 2019 are as follows:

Principal Nonconsolidated Affiliates at Dec 31	Country	Ownership Interest
		2021		2020		2019
EQUATE Petrochemical Company K.S.C.C.	Kuwait	42.5	%	42.5	%	42.5	%
The Kuwait Olefins Company K.S.C.C.	Kuwait	42.5	%	42.5	%	42.5	%
The Kuwait Styrene Company K.S.C.C.	Kuwait	42.5	%	42.5	%	42.5	%
Map Ta Phut Olefins Company Limited 1	Thailand	32.77	%	32.77	%	32.77	%
Sadara Chemical Company	Saudi Arabia	35	%	35	%	35	%
The SCG-Dow Group:
Siam Polyethylene Company Limited	Thailand	50	%	50	%	50	%
Siam Polystyrene Company Limited	Thailand	50	%	50	%	50	%
Siam Styrene Monomer Company Limited	Thailand	50	%	50	%	50	%
Siam Synthetic Latex Company Limited	Thailand	50	%	50	%	50	%

1.The Company's effective ownership of Map Ta Phut Olefins Company Limited ("Map Ta Phut") is 32.77 percent, of which the Company directly owns 20.27 percent and indirectly owns 12.5 percent through its equity interest in Siam Polyethylene Company Limited.

The Company’s investment in and equity earnings from its principal nonconsolidated affiliates are as follows:

Investment in Principal Nonconsolidated Affiliates at Dec 31	2021		2020
In millions
Investment in nonconsolidated affiliates	$	1,621	$	922
Other noncurrent obligations	—		(169)
Net investment in principal nonconsolidated affiliates	$	1,621	$	753

Equity in Earnings (Losses) of Principal Nonconsolidated Affiliates	2021		2020		2019
In millions
Equity in earnings (losses) of principal nonconsolidated affiliates	$	918	$	(16)	$	21

Equity Method Investment Summarized Balance Sheet Information

The summarized financial information that follows represents the combined accounts (at 100 percent) of the principal nonconsolidated affiliates.

Summarized Balance Sheet Information at Dec 31	2021		2020
In millions
Current assets	$	8,158	$	5,044
Noncurrent assets	23,681		25,298
Total assets	$	31,839	$	30,342
Current liabilities	$	3,990	$	3,942
Noncurrent liabilities	20,039		20,144
Total liabilities	$	24,029	$	24,086
Noncontrolling interests	$	174	$	132

Equity Method Investment Summarized Income Statement Information

Summarized Income Statement Information 1	2021		2020		2019
In millions
Sales	$	14,969	$	9,470	$	10,905
Gross profit	$	3,219	$	619	$	644
Income (loss) from continuing operations, net of tax	$	2,013	$	(461)	$	(277)

1.The results in this table include purchase and sale activity between certain principal nonconsolidated affiliates and the Company, as previously discussed in the "Transactions with Nonconsolidated Affiliates" section.