Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 403 [1] $ 520 [1]
Restricted cash 9 [1] 9 [1]
Accounts and notes receivable (net of allowance for doubtful accounts of $41 and $42, respectively), ($651 and $521 pledged as collateral, respectively) 1,819 [1] 1,542 [1]
Accounts receivable from affiliates 51 33
Inventories 1,847 [1] 1,741 [1]
Prepaid expenses 47 61
Deferred income taxes 53 53
Other current assets 219 [1] 200 [1]
Total current assets 4,448 4,159
Property, plant and equipment, net 3,776 [1] 3,824 [1]
Investment in unconsolidated affiliates 290 285
Intangible assets, net 75 [1] 87 [1]
Goodwill 130 131
Deferred income taxes 240 243
Notes receivable from affiliates   1
Other noncurrent assets 483 [1] 458 [1]
Total assets 9,442 9,188
Current liabilities:    
Accounts payable 1,117 [1] 1,067 [1]
Accounts payable to affiliates 45 46
Accrued liabilities 682 [1] 726 [1]
Deferred income taxes 43 43
Current portion of debt 257 [1] 277 [1]
Total current liabilities 2,144 2,159
Long-term debt 3,809 [1] 3,633 [1]
Notes payable to affiliates 5 6
Deferred income taxes 270 313
Other noncurrent liabilities 906 [1] 948 [1]
Total liabilities 7,134 7,059
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, 247,957,529 and 245,930,859 issued and 242,476,602 and 240,401,442 outstanding in 2014 and 2013, respectively 2 2
Additional paid-in capital 3,359 3,305
Treasury stock, 4,043,526 shares at both June 30, 2014 and December 31, 2013 (50) (50)
Unearned stock-based compensation (20) (13)
Accumulated deficit (582) (687)
Accumulated other comprehensive loss (556) (577)
Total Huntsman Corporation stockholders' equity 2,153 1,980
Noncontrolling interests in subsidiaries 155 149
Total equity 2,308 2,129
Total liabilities and equity 9,442 9,188
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Current assets:    
Cash and cash equivalents 308 [1] 515 [1]
Restricted cash 9 [1] 9 [1]
Accounts and notes receivable (net of allowance for doubtful accounts of $41 and $42, respectively), ($651 and $521 pledged as collateral, respectively) 1,817 [1] 1,542 [1]
Accounts receivable from affiliates 352 325
Inventories 1,847 [1] 1,741 [1]
Prepaid expenses 45 61
Deferred income taxes 53 53
Other current assets 213 [1] 200 [1]
Total current assets 4,644 4,446
Property, plant and equipment, net 3,722 [1] 3,759 [1]
Investment in unconsolidated affiliates 290 285
Intangible assets, net 77 [1] 88 [1]
Goodwill 130 131
Deferred income taxes 239 243
Notes receivable from affiliates   1
Other noncurrent assets 483 [1] 458 [1]
Total assets 9,585 9,411
Current liabilities:    
Accounts payable 1,117 [1] 1,067 [1]
Accounts payable to affiliates 57 53
Accrued liabilities 694 [1] 742 [1]
Deferred income taxes 44 44
Note payable to affiliate 100 100
Current portion of debt 257 [1] 277 [1]
Total current liabilities 2,269 2,283
Long-term debt 3,809 [1] 3,633 [1]
Notes payable to affiliates 712 779
Deferred income taxes 259 303
Other noncurrent liabilities 900 [1] 938 [1]
Total liabilities 7,949 7,936
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 3,152 3,138
Accumulated deficit (1,077) (1,194)
Accumulated other comprehensive loss (594) (618)
Total Huntsman International LLC members' equity 1,481 1,326
Noncontrolling interests in subsidiaries 155 149
Total equity 1,636 1,475
Total liabilities and equity $ 9,585 $ 9,411
[1] At June 30, 2014 and December 31, 2013, respectively, $38 and $39 of cash and cash equivalents, $9 each of restricted cash, $45 and $41 of accounts and notes receivable (net), $57 and $54 of inventories, $6 and $3 of other current assets, $357 and $369 of property, plant and equipment (net), $18 and $17 of intangible assets (net), $26 and $28 of other noncurrent assets, $86 and $73 of accounts payable, $32 each of accrued liabilities, $180 and $183 of current portion of debt, $51 and $64 of long term debt, and $39 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.?