Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

 v2.3.0.11
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 683 [1] $ 966 [1]
Restricted cash 7 [1] 7 [1]
Accounts and notes receivable (net of allowance for doubtful accounts of $55 and $52, respectively), ($731 and $589 pledged as collateral, respectively) 1,836 [1] 1,413 [1]
Accounts receivable from affiliates 1 15
Inventories 1,746 [1] 1,396 [1]
Prepaid expenses 34 46
Deferred income taxes 2 1
Other current assets 271 [1] 164 [1]
Total current assets 4,580 4,008
Property, plant and equipment, net 3,825 [1] 3,605 [1]
Investment in unconsolidated affiliates 192 234
Intangible assets, net 109 [1] 105 [1]
Goodwill 111 94
Deferred income taxes 188 166
Notes receivable from affiliates 6 7
Other noncurrent assets 465 [1] 495 [1]
Total assets 9,476 8,714
Current liabilities:    
Accounts payable 1,110 [1] 842 [1]
Accounts payable to affiliates 22 45
Accrued liabilities 758 [1] 628 [1]
Deferred income taxes 20 19
Current portion of debt 289 [1] 519 [1]
Total current liabilities 2,199 2,053
Long-term debt 3,886 [1] 3,627 [1]
Notes payable to affiliates 4 4
Deferred income taxes 307 314
Other noncurrent liabilities 844 [1] 866 [1]
Total liabilities 7,240 6,864
Commitments and contingencies (Notes 13 and 14)    
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 241,793,529 and 239,549,365 issued and 239,732,121 and 236,799,455 outstanding in 2011 and 2010, respectively 2 2
Additional paid-in capital 3,225 3,186
Unearned stock-based compensation (16) (11)
Accumulated deficit (970) (1,090)
Accumulated other comprehensive loss (142) (297)
Total Huntsman Corporation stockholders' equity 2,099 1,790
Noncontrolling interests in subsidiaries 137 60
Total equity 2,236 1,850
Total liabilities and equity 9,476 8,714
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Current assets:    
Cash and cash equivalents 306 [1] 561 [1]
Restricted cash 7 [1] 7 [1]
Accounts and notes receivable (net of allowance for doubtful accounts of $55 and $52, respectively), ($731 and $589 pledged as collateral, respectively) 1,836 [1] 1,413 [1]
Accounts receivable from affiliates 72 100
Inventories 1,746 [1] 1,396 [1]
Prepaid expenses 33 45
Deferred income taxes 41 40
Other current assets 266 [1] 160 [1]
Total current assets 4,307 3,722
Property, plant and equipment, net 3,701 [1] 3,469 [1]
Investment in unconsolidated affiliates 192 234
Intangible assets, net 111 [1] 107 [1]
Goodwill 111 94
Deferred income taxes 201 179
Notes receivable from affiliates 6 7
Other noncurrent assets 465 [1] 495 [1]
Total assets 9,094 8,307
Current liabilities:    
Accounts payable 1,110 [1] 840 [1]
Accounts payable to affiliates 29 59
Accrued liabilities 757 [1] 626 [1]
Deferred income taxes 64 63
Note payable to affiliate 100 100
Current portion of debt 289 [1] 519 [1]
Total current liabilities 2,349 2,207
Long-term debt 3,886 [1] 3,627 [1]
Notes payable to affiliates 439 439
Deferred income taxes 87 94
Other noncurrent liabilities 837 [1] 852 [1]
Total liabilities 7,598 7,219
Commitments and contingencies (Notes 13 and 14)    
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,074 3,049
Accumulated deficit (1,519) (1,667)
Accumulated other comprehensive loss (196) (354)
Total Huntsman International LLC members' equity 1,359 1,028
Noncontrolling interests in subsidiaries 137 60
Total equity 1,496 1,088
Total liabilities and equity $ 9,094 $ 8,307
[1] At June 30, 2011 and December 31, 2010, respectively, $66 and $7 of cash and cash equivalents, $2 and nil of restricted cash, $37 and $8 of accounts and notes receivable (net), $50 and $45 of inventories, $3 and $2 of other current assets, $429 and $275 of property, plant and equipment (net), $26 and $7 of intangible assets (net), $20 and $18 of other noncurrent assets, $74 and $56 of accounts payable, $19 and $16 of accrued liabilities, $27 and $15 of current portion of debt, $286 and $185 of long-term debt, and $98 and $109 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See Note 5. Variable Interest Entities.