Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities:    
Net income (loss) $ 62 $ (17)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Equity in income of investment in unconsolidated affiliates (2) (1)
Depreciation and amortization 123 107
Loss on early extinguishment of debt   35
Noncash interest expense 1 2
Deferred income taxes (23) (67)
Noncash loss on foreign currency transactions 3 10
Stock-based compensation 8 8
Impairment of assets 6 1
Other, net   4
Changes in operating assets and liabilities:    
Accounts and notes receivable (149) (85)
Inventories (172) (9)
Prepaid expenses 9 1
Other current assets (3) 16
Other noncurrent assets (4) (73)
Accounts payable 107 10
Accrued liabilities (12) (44)
Other noncurrent liabilities (21) 28
Net cash used in operating activities (67) (74)
Investing Activities:    
Capital expenditures (107) (89)
Cash received from unconsolidated affiliates 15 15
Investment in unconsolidated affiliates (11) (5)
Acquisition of businesses, net of cash acquired   (7)
Other, net (1) 1
Net cash used in investing activities (104) (85)
Financing Activities:    
Net borrowings under revolving loan facilities 2  
Net borrowings on overdraft facilities 4 1
Repayments of short-term debt (3) (5)
Borrowings on short-term debt 1 13
Repayments of long-term debt (22) (413)
Proceeds from issuance of long-term debt   473
Repayments of notes payable (10) (10)
Borrowings on notes payable 1  
Debt issuance costs paid (2)  
Contingent consideration paid for acquisition (6)  
Call premiums related to early extinguishment of debt   (4)
Dividends paid to common stockholders (30) (30)
Repurchase and cancellation of stock awards (6) (6)
Proceeds from issuance of common stock 4 3
Excess tax benefit related to stock-based compensation 1 1
Other, net (5) (2)
Net cash (used in) provided by financing activities (71) 21
Effect of exchange rate changes on cash (1) (2)
Increase (decrease) in cash and cash equivalents (243) (140)
Cash and cash equivalents at beginning of period 520 [1] 387
Cash and cash equivalents at end of period 277 [1] 247
Supplemental cash flow information:    
Cash paid for interest 54 59
Cash paid for income taxes 46 17
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Operating Activities:    
Net income (loss) 65 (16)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Equity in income of investment in unconsolidated affiliates (2) (1)
Depreciation and amortization 116 102
Loss on early extinguishment of debt   35
Noncash interest expense 3 5
Deferred income taxes (21) (65)
Noncash loss on foreign currency transactions 3 10
Noncash compensation 7 7
Impairment of assets 6 1
Other, net 1 4
Changes in operating assets and liabilities:    
Accounts and notes receivable (149) (85)
Inventories (172) (9)
Prepaid expenses 11 3
Other current assets (3) 16
Other noncurrent assets (4) (73)
Accounts payable 105 6
Accrued liabilities (14) (44)
Other noncurrent liabilities (19) 29
Net cash used in operating activities (67) (75)
Investing Activities:    
Capital expenditures (107) (89)
Cash received from unconsolidated affiliates 15 15
Investment in unconsolidated affiliates (11) (5)
Acquisition of businesses, net of cash acquired   (7)
Increase in receivable from affiliate (5) (3)
Other, net (1) 1
Net cash used in investing activities (109) (88)
Financing Activities:    
Net borrowings under revolving loan facilities 2  
Net borrowings on overdraft facilities 4 1
Repayments of short-term debt (3) (5)
Borrowings on short-term debt 1 13
Repayments of long-term debt (22) (413)
Proceeds from issuance of long-term debt   473
Proceeds from notes payable to affiliate   145
Repayments of notes payable to affiliate (65)  
Repayments of notes payable (10) (10)
Borrowings on notes payable 1  
Debt issuance costs paid (2)  
Contingent consideration paid for acquisition (6)  
Call premiums related to early extinguishment of debt   (4)
Dividends paid to parent (30) (30)
Excess tax benefit related to stock-based compensation 1 1
Other, net (4) (1)
Net cash (used in) provided by financing activities (133) 170
Effect of exchange rate changes on cash (1) (2)
Increase (decrease) in cash and cash equivalents (310) 5
Cash and cash equivalents at beginning of period 515 [1] 210
Cash and cash equivalents at end of period 205 [1] 215
Supplemental cash flow information:    
Cash paid for interest 54 59
Cash paid for income taxes $ 46 $ 17
[1] At March 31, 2014 and December 31, 2013, respectively, $34 and $39 of cash and cash equivalents, $9 each of restricted cash, $47 and $41 of accounts and notes receivable (net), $64 and $54 of inventories, $4 and $3 of other current assets, $363 and $369 of property, plant and equipment (net), $16 and $17 of intangible assets (net), $30 and $28 of other noncurrent assets, $85 and $73 of accounts payable, $30 and $32 of accrued liabilities, $179 and $183 of current portion of debt, $59 and $64 of long-term debt, and $43 and $45 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 5. Variable Interest Entities."