UNION CARBIDE CORP /NEW/ | 2013 | FY | 3


INVESTMENTS IN RELATED COMPANIES

The Corporation's ownership interests in related companies at December 31, 2013 and 2012 were as follows:

Investments in Related Companies at December 31
 
Ownership Interests
 
 
Investment Balance
 
In millions (except percentages)
 
2013

 
2012

 
2013

 
2012

Dow International Holdings Company
 
19
%
 
19
%
 
$
807

 
$
807

Dow Quimica Argentina S.A.
 
23
%
 
23
%
 

 
17

GWN Holding, Inc.
 
6
%
 
6
%
 
10

 
10

Dow Quimica Mexicana S.A. de C.V.
 
15
%
 
15
%
 
5

 
5

Other
 
%
 
%
 
1

 
1

Total Investments in Related Companies
 
 
 
 
 
$
823

 
$
840



In the fourth quarter of 2013, the Corporation recorded an impairment charge of $25 million for the full value of the cost method investment in Dow Quimica Argentina S.A. The related company investment, classified as a Level 3 measurement, was valued using unobservable inputs. The impairment charge was triggered by ongoing losses in the entity and is included in "Sundry income (expense) - net" in the consolidated statements of operations.

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