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
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities:    
Net income $ 186 $ 37
Adjustments to reconcile net income to net cash used in operating activities:    
Equity in income of investment in unconsolidated affiliates (4) (3)
Depreciation and amortization 239 216
Loss on early extinguishment of debt   35
Noncash interest expense 5 3
Deferred income taxes (32) (69)
Noncash loss on foreign currency transactions 4 23
Stock-based compensation 16 14
Impairment of assets 6 1
Other, net (2)  
Changes in operating assets and liabilities:    
Accounts and notes receivable (300) (186)
Inventories (109) 79
Prepaid expenses 14 10
Other current assets (19) (30)
Other noncurrent assets (13) (97)
Accounts payable 94 (60)
Accrued liabilities (75) 14
Other noncurrent liabilities (27) 11
Net cash used in operating activities (17) (2)
Investing Activities:    
Capital expenditures (214) (181)
Cash received from unconsolidated affiliates 30 34
Investment in unconsolidated affiliates (29) (32)
Acquisition of businesses, net of cash acquired   (7)
Proceeds from sale of businesses/assets 14 2
Other, net (3) 2
Net cash used in investing activities (202) (182)
Financing Activities:    
Net repayments under revolving loan facilities (1) (2)
Net borrowings on overdraft facilities 8 10
Repayments of short-term debt (8) (18)
Borrowings on short-term debt 5 13
Repayments of long-term debt (35) (418)
Proceeds from issuance of long-term debt 204 473
Repayments of notes payable (16) (21)
Borrowings on notes payable 1 1
Debt issuance costs paid (4) (3)
Contingent consideration paid for acquisition (6)  
Call premiums related to early extinguishment of debt   (4)
Dividends paid to common stockholders (60) (60)
Repurchase and cancellation of stock awards (7) (6)
Proceeds from issuance of common stock 28 3
Excess tax (expense) benefit related to stock-based compensation (1) 4
Other, net (5) 1
Net cash provided by (used in) financing activities 103 (27)
Effect of exchange rate changes on cash (1) (4)
Decrease in cash and cash equivalents (117) (215)
Cash and cash equivalents at beginning of period 520 [1] 387
Cash and cash equivalents at end of period 403 [1] 172
Supplemental cash flow information:    
Cash paid for interest 91 95
Cash paid for income taxes 143 46
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Operating Activities:    
Net income 190 40
Adjustments to reconcile net income to net cash used in operating activities:    
Equity in income of investment in unconsolidated affiliates (4) (3)
Depreciation and amortization 229 204
Loss on early extinguishment of debt   35
Noncash interest expense 9 10
Deferred income taxes (31) (67)
Noncash loss on foreign currency transactions 4 23
Noncash compensation 15 13
Impairment of assets 6 1
Other, net (2) 2
Changes in operating assets and liabilities:    
Accounts and notes receivable (299) (186)
Inventories (109) 79
Prepaid expenses 15 11
Other current assets (13) (30)
Other noncurrent assets (13) (97)
Accounts payable 89 (67)
Accrued liabilities (80) 12
Other noncurrent liabilities (23) 14
Net cash used in operating activities (17) (6)
Investing Activities:    
Capital expenditures (214) (181)
Cash received from unconsolidated affiliates 30 34
Investment in unconsolidated affiliates (29) (32)
Acquisition of businesses, net of cash acquired   (7)
Proceeds from sale of businesses/assets 14 2
Increase in receivable from affiliate (5)  
Other, net (3) 2
Net cash used in investing activities (207) (182)
Financing Activities:    
Net repayments under revolving loan facilities (1) (2)
Net borrowings on overdraft facilities 8 10
Repayments of short-term debt (8) (18)
Borrowings on short-term debt 5 13
Repayments of long-term debt (35) (418)
Proceeds from issuance of long-term debt 204 473
Proceeds from notes payable to affiliate   177
Repayments of notes payable to affiliate (65)  
Repayments of notes payable (16) (21)
Borrowings on notes payable 1 1
Debt issuance costs paid (4) (3)
Contingent consideration paid for acquisition (6)  
Call premiums related to early extinguishment of debt   (4)
Dividends paid to parent (60) (60)
Excess tax (expense) benefit related to stock-based compensation (1) 4
Other, net (4) 1
Net cash provided by (used in) financing activities 18 153
Effect of exchange rate changes on cash (1) (4)
Decrease in cash and cash equivalents (207) (39)
Cash and cash equivalents at beginning of period 515 [1] 210
Cash and cash equivalents at end of period 308 [1] 171
Supplemental cash flow information:    
Cash paid for interest 91 95
Cash paid for income taxes $ 143 $ 46
[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.?