Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified

Mar. 31, 2015

Dec. 31, 2014

Current assets:

Cash and cash equivalents

^[1]

^[1]

Restricted cash

9

^[1]

10

^[1]

Accounts and notes receivable (net of allowance for doubtful accounts of $32 and $34, respectively), ($454 and $472 pledged as collateral, respectively)

^[1]

^[1]

Accounts receivable from affiliates

35

42

^[1]

^[1]

Prepaid expenses

58

62

Deferred income taxes

58

62

Other current assets

^[1]

^[1]

Total current assets

Property, plant and equipment, net

^[1]

^[1]

Investment in unconsolidated affiliates

Intangible assets

94

^[1]

95

^[1]

Deferred income taxes

Other noncurrent assets

^[1]

^[1]

Current liabilities:

Accounts payable

^[1]

^[1]

Accounts payable to affiliates

29

57

Accrued liabilities

^[1]

^[1]

Deferred income taxes

49

51

Current portion of debt

^[1]

^[1]

Total current liabilities

^[1]

^[1]

Notes payable to affiliates

6

6

Deferred income taxes

Other noncurrent liabilities

^[1]

^[1]

Total liabilities

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, 249,425,108 and 248,893,036 issued and 244,126,924 and 243,416,979 outstanding in 2015 and 2014, respectively

3

3

Additional paid-in capital

Treasury stock, 4,043,526 shares at both March 31, 2015 and December 31, 2014

Unearned stock-based compensation

Accumulated deficit

Accumulated other comprehensive loss

Total Huntsman Corporation stockholders' equity

Noncontrolling interests in subsidiaries

Total liabilities and equity

Huntsman International

Current assets:

Cash and cash equivalents

^[1]

^[1]

Restricted cash

9

^[1]

10

^[1]

Accounts and notes receivable (net of allowance for doubtful accounts of $32 and $34, respectively), ($454 and $472 pledged as collateral, respectively)

^[1]

^[1]

Accounts receivable from affiliates

^[1]

^[1]

Prepaid expenses

56

61

Deferred income taxes

58

62

Other current assets

^[1]

^[1]

Total current assets

Property, plant and equipment, net

^[1]

^[1]

Investment in unconsolidated affiliates

Intangible assets

95

^[1]

96

^[1]

Deferred income taxes

Other noncurrent assets

^[1]

^[1]

Current liabilities:

Accounts payable

^[1]

^[1]

Accounts payable to affiliates

47

74

Accrued liabilities

^[1]

^[1]

Deferred income taxes

50

52

Note payable to affiliate

Current portion of debt

^[1]

^[1]

Total current liabilities

^[1]

^[1]

Notes payable to affiliates

Deferred income taxes

Other noncurrent liabilities

^[1]

^[1]

Total liabilities

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

Accumulated deficit

Accumulated other comprehensive loss

Total Huntsman International LLC members' equity

Noncontrolling interests in subsidiaries

Total liabilities and equity

[1]

At March 31, 2015 and December 31, 2014, respectively, $54 and $46 of cash and cash equivalents, $9 and $10 of restricted cash, $41 each of accounts and notes receivable (net), $41 and $68 of inventories, $5 and $6 of other current assets, $326 and $339 of property, plant and equipment (net), $38 and $40 of intangible assets (net), $27 each of other noncurrent assets, $88 and $92 of accounts payable, $33 and $37 of accrued liabilities, $168 and $172 of current portion of debt, $30 and $36 of longterm debt, and $95 and $97 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 5. Variable Interest Entities.”