NONCONSOLIDATED AFFILIATES (Notes)

3 Months Ended

Mar. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

For additional information on the Company’s nonconsolidated affiliates, see Note 12 to the Consolidated Financial Statements included in the 2021 10-K.

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	Mar 31, 2022		Dec 31, 2021
In millions	Mar 31, 2022		Dec 31, 2021
Investment in nonconsolidated affiliates	$	1,821	$	2,045
Other noncurrent obligations	(103)		—
Net investment in nonconsolidated affiliates	$	1,718	$	2,045


Dividends Received from Nonconsolidated Affiliates	Three Months Ended
In millions	Mar 31, 2022		Mar 31, 2021
Dividends from nonconsolidated affiliates 1	$	548	$	178

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

In the first quarter of 2022, EQUATE Petrochemical Company K.S.C.C. ("EQUATE") paid a dividend of $318 million ($79 million in the first quarter of 2021), reflected in "Earnings of nonconsolidated affiliates less than (in excess of) dividends received" in the consolidated statements of cash flows. As a result, the Company had a negative investment balance in EQUATE of $103 million included in "Other noncurrent obligations" (positive $115 million at December 31, 2021 included in "Investment in nonconsolidated affiliates") in the consolidated balance sheets.