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VARIABLE INTEREST ENTITIES (Notes)
 6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
VARIABLE INTEREST ENTITIES VARIABLE INTEREST ENTITIES
A summary of the Company's variable interest entities ("VIEs") can be found in Note 24 to the Consolidated Financial Statements included in the 2021 10-K.

Assets and Liabilities of Consolidated VIEs
The Company's consolidated financial statements include the assets, liabilities and results of operations of VIEs for which the Company is the primary beneficiary. The other equity holders’ interests are included in “Net income attributable to noncontrolling interests” in the consolidated statements of income and "Noncontrolling interests" in the consolidated balance sheets.

The following table summarizes the carrying amounts of these entities' assets and liabilities included in the Company’s consolidated balance sheets at June 30, 2022 and December 31, 2021:

Assets and Liabilities of Consolidated VIEsJun 30, 2022Dec 31, 2021
In millions
Cash and cash equivalents$44 $40 
Other current assets35 40 
Net property167 184 
Other noncurrent assets14 15 
Total assets 1
$260 $279 
Current liabilities$40 $37 
Long-term debt1 3 
Other noncurrent obligations11 13 
Total liabilities 2
$52 $53 
1.All assets were restricted at June 30, 2022 and December 31, 2021.
2.All liabilities were nonrecourse at June 30, 2022 and December 31, 2021.

Amounts presented in the consolidated balance sheets and the table above as restricted assets or nonrecourse obligations relating to consolidated VIEs at June 30, 2022 and December 31, 2021 are adjusted for intercompany eliminations.

Nonconsolidated VIEs
The following table summarizes the carrying amounts of assets included in the consolidated balance sheets at June 30, 2022 and December 31, 2021, related to variable interests in joint ventures or entities for which the Company is not the primary beneficiary. The Company's maximum exposure to loss is the same as the carrying amounts.

Carrying Amounts of Assets Related to Nonconsolidated VIEsJun 30, 2022Dec 31, 2021
In millionsDescription of asset
Silicon joint ventures
Equity method investments 1
$116 $110 
1.Included in "Investment in nonconsolidated affiliates" in the consolidated balance sheets.