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
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities:    
Net income $ 380 $ 107
Adjustments to reconcile net income to net cash used in operating activities:    
Equity in income of investment in unconsolidated affiliates (6) (6)
Depreciation and amortization 335 326
Loss on early extinguishment of debt   35
Noncash interest expense (income) 8 7
Deferred income taxes (44) 31
Noncash loss on foreign currency transactions 13 23
Stock-based compensation 22 21
Noncash restructuring and impairment of assets 36 7
Other, net (6) 5
Changes in operating assets and liabilities:    
Accounts and notes receivable (161) (146)
Inventories (112) 118
Prepaid expenses (32) (16)
Other current assets (74) 17
Other noncurrent assets (32) (108)
Accounts payable 131 (18)
Accrued liabilities (59) (45)
Other noncurrent liabilities (56) 30
Net cash provided by operating activities 343 388
Investing Activities:    
Capital expenditures (351) (295)
Cash received from unconsolidated affiliates 38 48
Investment in unconsolidated affiliates (37) (76)
Acquisition of businesses, net of cash acquired   (66)
Proceeds from sale of businesses/assets 15 (1)
Other, net (2) 2
Net cash used in investing activities (337) (388)
Financing Activities:    
Net repayments under revolving loan facilities (1) (3)
Net borrowings on overdraft facilities 2 (2)
Repayments of short-term debt (8) (18)
Borrowings on short-term debt 10 14
Repayments of long-term debt (42) (459)
Proceeds from issuance of long-term debt 204 572
Repayments of notes payable (25) (30)
Borrowings on notes payable 32 34
Debt issuance costs paid (39) (4)
Contingent consideration paid for acquisition (6)  
Call premiums related to early extinguishment of debt   (4)
Dividends paid to common stockholders (91) (90)
Repurchase and cancellation of stock awards (7) (6)
Proceeds from issuance of common stock 32 4
Cash received for a noncontrolling interest of a subsidiary 5  
Excess tax benefit related to stock-based compensation   4
Other, net (4)  
Net cash (used in) provided by financing activities 62 12
Effect of exchange rate changes on cash (6) (2)
Increase (Decrease) in cash and cash equivalents 62 10
Cash and cash equivalents at beginning of period 520 [1] 387
Cash and cash equivalents at end of period 582 [1] 397
Supplemental cash flow information:    
Cash paid for interest 145 152
Cash paid for income taxes 156 60
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Operating Activities:    
Net income 394 114
Adjustments to reconcile net income to net cash used in operating activities:    
Equity in income of investment in unconsolidated affiliates (6) (6)
Depreciation and amortization 322 308
Loss on early extinguishment of debt   35
Noncash interest expense (income) 15 (1)
Deferred income taxes (43) 6
Noncash loss on foreign currency transactions 13 23
Noncash compensation 21 20
Noncash restructuring and impairment of assets 36 7
Other, net (6) 7
Changes in operating assets and liabilities:    
Accounts and notes receivable (161) (146)
Inventories (112) 118
Prepaid expenses (31) (16)
Other current assets (67) 17
Other noncurrent assets (33) (108)
Accounts payable 124 (9)
Accrued liabilities (78) (20)
Other noncurrent liabilities (50) 33
Net cash provided by operating activities 338 382
Investing Activities:    
Capital expenditures (351) (295)
Cash received from unconsolidated affiliates 38 48
Investment in unconsolidated affiliates (37) (76)
Acquisition of businesses, net of cash acquired   (66)
Proceeds from sale of businesses/assets 15 (1)
Increase in receivable from affiliate (4) (16)
Other, net (2) 2
Net cash used in investing activities (341) (404)
Financing Activities:    
Net repayments under revolving loan facilities (1) (3)
Net borrowings on overdraft facilities 2 (2)
Repayments of short-term debt (8) (18)
Borrowings on short-term debt 10 14
Repayments of long-term debt (42) (459)
Proceeds from issuance of long-term debt 204 572
Proceeds from notes payable to affiliate   177
Repayments of notes payable to affiliate (65)  
Repayments of notes payable (25) (30)
Borrowings on notes payable 32 34
Debt issuance costs paid (39) (4)
Contingent consideration paid for acquisition (6)  
Call premiums related to early extinguishment of debt   (4)
Dividends paid to parent (91) (90)
Cash received for a noncontrolling interest of a subsidiary 5  
Excess tax benefit related to stock-based compensation   4
Other, net (2) 1
Net cash (used in) provided by financing activities (26) 192
Effect of exchange rate changes on cash (6) (2)
Increase (Decrease) in cash and cash equivalents (35) 168
Cash and cash equivalents at beginning of period 515 [1] 210
Cash and cash equivalents at end of period 480 [1] 378
Supplemental cash flow information:    
Cash paid for interest 145 170
Cash paid for income taxes $ 156 $ 60
[1] At September 30, 2014 and December 31, 2013, respectively, $42 and $39 of cash and cash equivalents, $10 and $9 of restricted cash, $43 and $41 of accounts and notes receivable (net), $64 and $54 of inventories, $5 and $3 of other current assets, $343 and $369 of property, plant and equipment (net), $17 each of intangible assets (net), $27 and $28 of other noncurrent assets, $82 and $73 of accounts payable, $30 and $32 of accrued liabilities, $176 and $183 of current portion of debt, $45 and $64 of long- term debt, and $33 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.?