Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.2.0.727
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents [1] $ 599 $ 860
Restricted cash [1] 9 10
Accounts and notes receivable (net of allowance for doubtful accounts of $31 and $34, respectively), ($519 and $472 pledged as collateral, respectively) [1] 1,721 1,665
Accounts receivable from affiliates 33 42
Inventories [1] 1,938 2,025
Prepaid expenses 46 62
Deferred income taxes 59 62
Other current assets [1] 190 313
Total current assets 4,595 5,039
Property, plant and equipment, net [1] 4,328 4,423
Investment in unconsolidated affiliates 350 350
Intangible assets, net [1] 92 95
Goodwill 119 122
Deferred income taxes 444 435
Other noncurrent assets [1] 650 538
Total assets 10,578 11,002
Current liabilities:    
Accounts payable [1] 1,179 1,218
Accounts payable to affiliates 30 57
Accrued liabilities [1] 737 739
Deferred income taxes 49 51
Current portion of debt [1] 127 267
Total current liabilities 2,122 2,332
Long-term debt [1] 4,920 4,933
Notes payable to affiliates 7 6
Deferred income taxes 339 333
Other noncurrent liabilities [1] 1,348 1,447
Total liabilities $ 8,736 $ 9,051
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, 249,457,421 and 248,893,036 issued and 244,168,343 and 243,416,979 outstanding in 2015 and 2014, respectively $ 3 $ 3
Additional paid-in capital 3,416 3,385
Treasury stock, 4,043,526 shares at both June 30, 2015 and December 31, 2014 (50) (50)
Unearned stock-based compensation (24) (14)
Accumulated deficit (528) (493)
Accumulated other comprehensive loss (1,159) (1,053)
Total Huntsman Corporation stockholders' equity 1,658 1,778
Noncontrolling interests in subsidiaries 184 173
Total equity 1,842 1,951
Total liabilities and equity 10,578 11,002
Huntsman International    
Current assets:    
Cash and cash equivalents [1] 597 710
Restricted cash [1] 9 10
Accounts and notes receivable (net of allowance for doubtful accounts of $31 and $34, respectively), ($519 and $472 pledged as collateral, respectively) [1] 1,721 1,665
Accounts receivable from affiliates 344 346
Inventories [1] 1,938 2,025
Prepaid expenses 45 61
Deferred income taxes 59 62
Other current assets [1] 190 306
Total current assets 4,903 5,185
Property, plant and equipment, net [1] 4,286 4,375
Investment in unconsolidated affiliates 350 350
Intangible assets, net [1] 93 96
Goodwill 119 122
Deferred income taxes 444 435
Other noncurrent assets [1] 650 538
Total assets 10,845 11,101
Current liabilities:    
Accounts payable [1] 1,179 1,218
Accounts payable to affiliates 51 74
Accrued liabilities [1] 742 736
Deferred income taxes 50 52
Note payable to affiliate 100 100
Current portion of debt [1] 127 267
Total current liabilities 2,249 2,447
Long-term debt [1] 4,920 4,933
Notes payable to affiliates 802 656
Deferred income taxes 333 326
Other noncurrent liabilities [1] 1,347 1,443
Total liabilities $ 9,651 $ 9,805
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 $ 3,183 $ 3,166
Accumulated deficit (983) (956)
Accumulated other comprehensive loss (1,190) (1,087)
Total Huntsman International LLC members' equity 1,010 1,123
Noncontrolling interests in subsidiaries 184 173
Total equity 1,194 1,296
Total liabilities and equity $ 10,845 $ 11,101
[1] At June 30, 2015 and December 31, 2014, respectively, $28 and $46 of cash and cash equivalents, $9 and $10 of restricted cash, $42 and $41 of accounts and notes receivable (net), $51 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), $28 and $27 of other noncurrent assets, $77 and $92 of accounts payable, $33 and $37 of accrued liabilities, $18 and $172 of current portion of debt, $147 and $36 of longterm debt, and $97 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 5. Variable Interest Entities.”