Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Tables)

v2.4.0.8
CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Tables) (HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES)
 6 Months Ended
Jun. 30, 2014
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
  
Condensed consolidated financial information  
CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED)

AS OF JUNE 30, 2014
(In Millions)

 
   Parent
Company		   Guarantors   Nonguarantors   Eliminations   Consolidated
Huntsman
International LLC		  

ASSETS

                                

Current assets:

                                

Cash and cash equivalents

   $ 64   $ —   $ 244   $ —   $ 308  

Restricted cash

     —     —     9     —     9  

Accounts and notes receivable, net

     42     169     1,601     5     1,817  

Accounts receivable from affiliates

     1,828     4,285     157     (5,918 )   352  

Inventories

     123     297     1,434     (7 )   1,847  

Prepaid expenses

     39     17     33     (44 )   45  

Deferred income taxes

     12     —     59     (18 )   53  

Other current assets

     514     5     208     (514 )   213  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     2,622     4,773     3,745     (6,496 )   4,644  

Property, plant and equipment, net

     393     977     2,351     1     3,722  

Investment in unconsolidated affiliates

     5,751     1,329     197     (6,987 )   290  

Intangible assets, net

     36     1     40     —     77  

Goodwill

     (17 )   82     65     —     130  

Deferred income taxes

     320     —     235     (316 )   239  

Notes receivable from affiliates

     22     650     —     (672 )   —  

Other noncurrent assets

     89     180     215     (1 )   483  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 9,216   $ 7,992   $ 6,848   $ (14,471 ) $ 9,585  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

LIABILITIES AND EQUITY

                                

Current liabilities:

                                

Accounts payable

   $ 49   $ 255   $ 809   $ 4   $ 1,117  

Accounts payable to affiliates

     3,099     666     2,210     (5,918 )   57  

Accrued liabilities

     144     610     499     (559 )   694  

Deferred income taxes

     —     57     9     (22 )   44  

Note payable to affiliate

     100     —     —     —     100  

Current portion of debt

     14     —     243     —     257  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     3,406     1,588     3,770     (6,495 )   2,269  

Long-term debt

     3,474     —     335     —     3,809  

Notes payable to affiliates

     707     —     677     (672 )   712  

Deferred income taxes

     17     201     (1 )   42     259  

Other noncurrent liabilities

     131     138     631     —     900  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

     7,735     1,927     5,412     (7,125 )   7,949  

Equity

                                

Huntsman International LLC members' equity

                                

Members' equity

     3,152     4,341     2,358     (6,699 )   3,152  

Accumulated deficit

     (1,077 )   285     (449 )   164     (1,077 )

Accumulated other comprehensive (loss) income

     (594 )   1,439     (624 )   (815 )   (594 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Huntsman International LLC members' equity                          

     1,481     6,065     1,285     (7,350 )   1,481  

Noncontrolling interests in subsidiaries

     —     —     151     4     155  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     1,481     6,065     1,436     (7,346 )   1,636  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 9,216   $ 7,992   $ 6,848   $ (14,471 ) $ 9,585  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

AS OF DECEMBER 31, 2013
(In Millions)

 
   Parent Company   Guarantors   Nonguarantors   Eliminations   Consolidated
Huntsman
International LLC		  

ASSETS

                                

Current assets:

                                

Cash and cash equivalents

   $ 308   $ —   $ 207   $ —   $ 515  

Restricted cash

     —     —     9     —     9  

Accounts and notes receivable, net

     28     130     1,384     —     1,542  

Accounts receivable from affiliates

     2,386     4,823     140     (7,024 )   325  

Inventories

     112     297     1,339     (7 )   1,741  

Prepaid expenses

     70     64     47     (120 )   61  

Deferred income taxes

     12     —     59     (18 )   53  

Other current assets

     379     4     199     (382 )   200  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     3,295     5,318     3,384     (7,551 )   4,446  

Property, plant and equipment, net

     390     954     2,414     1     3,759  

Investment in unconsolidated affiliates

     5,393     1,178     178     (6,464 )   285  

Intangible assets, net

     48     1     39     —     88  

Goodwill

     (17 )   82     66     —     131  

Deferred income taxes

     323     —     239     (319 )   243  

Notes receivable from affiliates

     22     658     1     (680 )   1  

Other noncurrent assets

     67     172     220     (1 )   458  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 9,521   $ 8,363   $ 6,541   $ (15,014 ) $ 9,411  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

LIABILITIES AND EQUITY

                                

Current liabilities:

                                

Accounts payable

   $ 50   $ 267   $ 750   $ —   $ 1,067  

Accounts payable to affiliates

     3,655     1,476     1,946     (7,024 )   53  

Accrued liabilities

     138     517     590     (503 )   742  

Deferred income taxes

     —     57     8     (21 )   44  

Note payable to affiliate

     100     —     —     —     100  

Current portion of debt

     28     —     249     —     277  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     3,971     2,317     3,543     (7,548 )   2,283  

Long-term debt

     3,290     —     343     —     3,633  

Notes payable to affiliates

     772     —     687     (680 )   779  

Deferred income taxes

     25     200     39     39     303  

Other noncurrent liabilities

     137     140     661     —     938  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

     8,195     2,657     5,273     (8,189 )   7,936  

Equity

                                

Huntsman International LLC members' equity

                                

Members' equity

     3,138     4,354     2,215     (6,569 )   3,138  

Accumulated deficit

     (1,194 )   66     (450 )   384     (1,194 )

Accumulated other comprehensive (loss) income

     (618 )   1,286     (645 )   (641 )   (618 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Huntsman International LLC members' equity

     1,326     5,706     1,120     (6,826 )   1,326  

Noncontrolling interests in subsidiaries

     —     —     148     1     149  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     1,326     5,706     1,268     (6,825 )   1,475  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 9,521   $ 8,363   $ 6,541   $ (15,014 ) $ 9,411  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

THREE MONTHS ENDED JUNE 30, 2014
(In Millions)

 
   Parent
Company		   Guarantors   Nonguarantors   Eliminations   Consolidated
Huntsman
International
LLC		  

Revenues:

                                

Trade sales, services and fees, net

   $ 311   $ 850   $ 1,760   $ —   $ 2,921  

Related party sales

     79     127     371     (510 )   67  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total revenues

     390     977     2,131     (510 )   2,988  

Cost of goods sold

     321     765     1,908     (512 )   2,482  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Gross profit

     69     212     223     2     506  

Selling, general and administrative

     52     40     151     —     243  

Research and development

     13     10     14     —     37  

Other operating (income) expense

     (7 )   (2 )   4     —     (5 )

Restructuring, impairment and plant closing costs

     4     —     9     —     13  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income

     7     164     45     2     218  

Interest (expense) income

     (46 )   10     (16 )   —     (52 )

Equity in income of investment in affiliates and subsidiaries

     137     15     2     (152 )   2  

Other income

     1     —     —     (1 )   —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income from continuing operations before income taxes

     99     189     31     (151 )   168  

Income tax benefit (expense)

     19     (50 )   (12 )   —     (43 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income from continuing operations

     118     139     19     (151 )   125  

Income (loss) from discontinued operations, net of tax

     2     —     (2 )   —     —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

     120     139     17     (151 )   125  

Net income attributable to noncontrolling interests

     —     —     (4 )   (1 )   (5 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income attributable to Huntsman International LLC

   $ 120   $ 139   $ 13   $ (152 ) $ 120  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Net income

   $ 120   $ 139   $ 17   $ (151 ) $ 125  

Other comprehensive income

     19     56     14     (76 )   13  

Comprehensive income attributable to noncontrolling interests

     —     —     3     (1 )   2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income attributable to Huntsman International LLC

   $ 139   $ 195   $ 34   $ (228 ) $ 140  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

THREE MONTHS ENDED JUNE 30, 2013
(In Millions)

 
   Parent
Company		   Guarantors   Nonguarantors   Eliminations   Consolidated
Huntsman
International
LLC		  

Revenues:

                                

Trade sales, services and fees, net

   $ 273   $ 820   $ 1,681   $ —   $ 2,774  

Related party sales

     187     123     304     (558 )   56  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total revenues

     460     943     1,985     (558 )   2,830  

Cost of goods sold

     405     735     1,793     (559 )   2,374  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Gross profit

     55     208     192     1     456  

Selling, general and administrative

     39     36     157     —     232  

Research and development

     15     10     9     —     34  

Other operating expense (income)

     2     (2 )   14     —     14  

Restructuring, impairment and plant closing costs

     8     4     17     —     29  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating (loss) income

     (9 )   160     (5 )   1     147  

Interest (expense) income, net

     (46 )   11     (16 )   —     (51 )

Equity in income (loss) of investment in affiliates and subsidiaries

     185     (9 )   2     (176 )   2  

Other income

     1     —     1     —     2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (loss) from continuing operations before income taxes

     131     162     (18 )   (175 )   100  

Income tax (expense) benefit

     (83 )   27     12     —     (44 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (loss) from continuing operations

     48     189     (6 )   (175 )   56  

Income (loss) from discontinued operations, net of tax

     1     (1 )   —     —     —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss)

     49     188     (6 )   (175 )   56  

Net income attributable to noncontrolling interests

     —     —     (7 )   —     (7 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss) attributable to Huntsman International LLC

   $ 49   $ 188   $ (13 ) $ (175 ) $ 49  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Net income (loss)

   $ 49   $ 188   $ (6 ) $ (175 ) $ 56  

Other comprehensive loss

     (7 )   (78 )   (27 )   102     (10 )

Comprehensive income attributable to noncontrolling interests

     —     —     (4 )   —     (4 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income (loss) attributable to Huntsman International LLC

   $ 42   $ 110   $ (37 ) $ (73 ) $ 42  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

SIX MONTHS ENDED JUNE 30, 2014
(In Millions)

 
   Parent
Company		   Guarantors   Nonguarantors   Eliminations   Consolidated
Huntsman
International
LLC		  

Revenues:

                                

Trade sales, services and fees, net

   $ 571   $ 1,616   $ 3,427   $ —   $ 5,614  

Related party sales

     176     257     712     (1,016 )   129  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total revenues

     747     1,873     4,139     (1,016 )   5,743  

Cost of goods sold

     621     1,474     3,704     (1,017 )   4,782  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Gross profit

     126     399     435     1     961  

Selling, general and administrative

     83     78     309     —     470  

Research and development

     24     19     30     —     73  

Other operating (income) expense

     (10 )   (7 )   8     —     (9 )

Restructuring, impairment and plant closing costs

     2     2     48     —     52  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income

     27     307     40     1     375  

Interest (expense) income

     (93 )   18     (28 )   —     (103 )

Equity in income of investment in affiliates and subsidiaries

     216     2     4     (218 )   4  

Other income

     2     —     —     (1 )   1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income from continuing operations before income taxes

     152     327     16     (218 )   277  

Income tax benefit (expense)

     23     (106 )   3     —     (80 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income from continuing operations

     175     221     19     (218 )   197  

Income (loss) from discontinued operations, net of tax

     2     —     (9 )   —     (7 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

     177     221     10     (218 )   190  

Net income attributable to noncontrolling interests

     —     —     (10 )   (3 )   (13 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income attributable to Huntsman International LLC

   $ 177   $ 221   $ —   $ (221 ) $ 177  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Net income

   $ 177   $ 221   $ 10   $ (218 ) $ 190  

Other comprehensive income

     23     153     19     (174 )   21  

Comprehensive income attributable to noncontrolling interests

     —     —     (7 )   (3 )   (10 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income attributable to Huntsman International LLC

   $ 200   $ 374   $ 22   $ (395 ) $ 201  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

SIX MONTHS ENDED JUNE 30, 2013
(In Millions)

 
   Parent
Company		   Guarantors   Nonguarantors   Eliminations   Consolidated
Huntsman
International
LLC		  

Revenues:

                                

Trade sales, services and fees, net

   $ 515   $ 1,604   $ 3,290   $ —   $ 5,409  

Related party sales

     385     239     635     (1,136 )   123  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total revenues

     900     1,843     3,925     (1,136 )   5,532  

Cost of goods sold

     793     1,483     3,582     (1,135 )   4,723  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Gross profit

     107     360     343     (1 )   809  

Selling, general and administrative

     75     73     308     —     456  

Research and development

     26     19     25     —     70  

Other operating expense (income)

     8     4     (5 )   —     7  

Restructuring, impairment and plant closing costs

     7     11     55     —     73  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating (loss) income

     (9 )   253     (40 )   (1 )   203  

Interest (expense) income, net

     (94 )   21     (32 )   —     (105 )

Equity in income (loss) of investment in affiliates and subsidiaries

     207     (87 )   3     (120 )   3  

Loss on early extinguishment of debt

     (35 )   —     —     —     (35 )

Other income

     1     —     1     —     2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (loss) from continuing operations before income taxes

     70     187     (68 )   (121 )   68  

Income tax (expense) benefit

     (44 )   19     (1 )   —     (26 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (loss) from continuing operations

     26     206     (69 )   (121 )   42  

Loss from discontinued operations, net of tax

     —     —     (2 )   —     (2 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss)

     26     206     (71 )   (121 )   40  

Net income attributable to noncontrolling interests

     —     —     (14 )   —     (14 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss) attributable to Huntsman International LLC

   $ 26   $ 206   $ (85 ) $ (121 ) $ 26  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Net income (loss)

   $ 26   $ 206   $ (71 ) $ (121 ) $ 40  

Other comprehensive loss

     (39 )   (179 )   (43 )   219     (42 )

Comprehensive income attributable to noncontrolling interests

     —     —     (11 )   —     (11 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive (loss) income attributable to Huntsman International LLC

   $ (13 ) $ 27   $ (125 ) $ 98   $ (13 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2014
(In Millions)

 
   Parent
Company		   Guarantors   Nonguarantors   Eliminations   Consolidated
Huntsman
International LLC		  

Net cash (used in) provided by operating activities

   $ (128 ) $ 74   $ 38   $ (1 ) $ (17 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing activities:

                                

Capital expenditures

     (30 )   (68 )   (116 )   —     (214 )

Cash received from unconsolidated affiliates

     —     30     —     —     30  

Investment in affiliate

     (122 )   (6 )   —     128     —  

Investment in unconsolidated affiliates

     —     (17 )   (12 )   —     (29 )

Proceeds from sale of businesses/assets

     3     —     11     —     14  

Increase in receivable from affiliate

     (5 )   —     —     —     (5 )

Other, net

     (1 )   —     (2 )   —     (3 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash used in investing activities

     (155 )   (61 )   (119 )   128     (207 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Financing activities:

                                

Net repayments under revolving loan facilities

     —     —     (1 )   —     (1 )

Net borrowings on overdraft facilities

     —     —     8     —     8  

Repayments of short-term debt

     —     —     (8 )   —     (8 )

Borrowings on short-term debt

     —     —     5     —     5  

Repayments of long-term debt

     (13 )   —     (22 )   —     (35 )

Proceeds from issuance of long-term debt

     204     —     —     —     204  

Repayments of notes payable to affiliate

     (65 )   —     —     —     (65 )

Repayments of notes payable

     (15 )   —     (1 )   —     (16 )

Borrowings on notes payable

     —     —     1     —     1  

Debt issuance costs paid

     (4 )   —     —     —     (4 )

Contingent consideration paid for acquisition

     (6 )   —     —     —     (6 )

Contribution from parent

     —     6     139     (145 )   —  

Distribution to parent

     —     (17 )   —     17     —  

Dividends paid to parent

     (60 )   (1 )   —     1     (60 )

Excess tax expense related to stock-based compensation

     (1 )   —     —     —     (1 )

Other, net

     (1 )   (1 )   (2 )   —     (4 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) financing activities

     39     (13 )   119     (127 )   18  

Effect of exchange rate changes on cash

     —     —     (1 )   —     (1 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

(Decrease) increase in cash and cash equivalents

     (244 )   —     37     —     (207 )

Cash and cash equivalents at beginning of period

     308     —     207     —     515  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of period

   $ 64   $ —   $ 244   $ —   $ 308  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

SIX MONTHS ENDED JUNE 30, 2013
(In Millions)

 
   Parent
Company		   Guarantors   Nonguarantors   Eliminations   Consolidated
Huntsman
International LLC		  

Net cash (used in) provided by operating activities

   $ (72 ) $ 60   $ 7   $ (1 ) $ (6 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing activities:

                                

Capital expenditures

     (23 )   (48 )   (110 )   —     (181 )

Cash received from unconsolidated affiliates

     —     34     —     —     34  

Investment in affiliate

     (84 )   (6 )   —     90     —  

Investment in unconsolidated affiliates

     —     (20 )   (12 )   —     (32 )

Acquisition of a business

     —     —     (7 )   —     (7 )

Proceeds from sale of businesses/assets

     —     —     2     —     2  

Other, net

     —     —     2     —     2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash used in investing activities

     (107 )   (40 )   (125 )   90     (182 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Financing activities:

                                

Net repayments under revolving loan facilities

     —     —     (2 )   —     (2 )

Net borrowings on overdraft facilities

     —     —     10     —     10  

Repayments of short-term debt

     —     —     (18 )   —     (18 )

Borrowings on short-term debt

     —     —     13     —     13  

Repayments of long-term debt

     (393 )   —     (25 )   —     (418 )

Proceeds from issuance of long-term debt

     470     —     3     —     473  

Proceeds from notes payable to affiliate

     177     —     —     —     177  

Repayments of notes payable

     (15 )   —     (6 )   —     (21 )

Borrowings on notes payable

     —     —     1     —     1  

Debt issuance costs paid

     (3 )   —     —     —     (3 )

Call premiums and other costs related to early extinguishment of debt

     (4 )   —     —     —     (4 )

Contribution from parent

     —     6     107     (113 )   —  

Distribution to parent

     —     (23 )   —     23     —  

Dividends paid to parent

     (60 )   (1 )   —     1     (60 )

Excess tax benefit related to stock-based compensation

     4     —     —     —     4  

Other, net

     1     —     —     —     1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) financing activities

     177     (18 )   83     (89 )   153  

Effect of exchange rate changes on cash

     —     —     (4 )   —     (4 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

(Decrease) increase in cash and cash equivalents

     (2 )   2     (39 )   —     (39 )

Cash and cash equivalents at beginning of period

     7     2     201     —     210  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of period

   $ 5   $ 4   $ 162   $ —   $ 171  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​