NONCONSOLIDATED AFFILIATES (Notes)

6 Months Ended

Jun. 30, 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	Jun 30, 2022		Dec 31, 2021
In millions	Jun 30, 2022		Dec 31, 2021
Investment in nonconsolidated affiliates	$	1,862	$	2,045
Other noncurrent obligations	(103)		—
Net investment in nonconsolidated affiliates	$	1,759	$	2,045


Dividends from Nonconsolidated Affiliates	Six Months Ended
In millions	Jun 30, 2022 1		Jun 30, 2021 2
Dividends from nonconsolidated affiliates	$	736	$	219

1.$658 million included in "Earnings of nonconsolidated affiliates less than (in excess of) dividends received" in the consolidated statements of cash flows and $78 million included in "Accounts and notes receivable - Other" in the consolidated balance sheets.

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

In the first half of 2022, EQUATE Petrochemical Company K.S.C.C. ("EQUATE") paid dividends of $397 million ($79 million in the first half 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, at June 30, 2022, 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.