Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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

Dec. 31, 2014

Dec. 31, 2013

Current assets:

Cash and cash equivalents

^[1]

^[1]

Restricted cash

10

^[1]

9

^[1]

Accounts and notes receivable (net of allowance for doubtful accounts of $34 and $42, respectively), ($472 and $521 pledged as collateral, respectively)

^[1]

^[1]

Accounts receivable from affiliates

42

33

^[1]

^[1]

Prepaid expenses

62

61

Deferred income taxes

62

53

Other current assets

^[1]

^[1]

Total current assets

Property, plant and equipment, net

^[1]

^[1]

Investment in unconsolidated affiliates

Intangible assets, net

95

^[1]

87

^[1]

Deferred income taxes

Other noncurrent assets

^[1]

^[1]

Current liabilities:

Accounts payable

^[1]

^[1]

Accounts payable to affiliates

57

46

Accrued liabilities

^[1]

^[1]

Deferred income taxes

51

43

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 18 and 19)

Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:

Common stock $0.01 par value, 1,200,000,000 shares authorized, 0 and 245,930,859 issued and 0 and 240,401,442 outstanding in 2014 and 2013, respectively

3

2

Additional paid-in capital

Treasury stock, 4,043,526 shares at both December 31, 2014 and 2013

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

10

^[1]

9

^[1]

Accounts and notes receivable (net of allowance for doubtful accounts of $34 and $42, respectively), ($472 and $521 pledged as collateral, respectively)

^[1]

^[1]

Accounts receivable from affiliates

^[1]

^[1]

Prepaid expenses

61

61

Deferred income taxes

62

53

Other current assets

^[1]

^[1]

Total current assets

Property, plant and equipment, net

^[1]

^[1]

Investment in unconsolidated affiliates

Intangible assets, net

96

^[1]

88

^[1]

Deferred income taxes

Other noncurrent assets

^[1]

^[1]

Current liabilities:

Accounts payable

^[1]

^[1]

Accounts payable to affiliates

74

53

Accrued liabilities

^[1]

^[1]

Deferred income taxes

52

44

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 18 and 19)

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 December 31, 2014 and December 31, 2013, respectively, $46 and $39 of cash and cash equivalents, $10 and $9 of restricted cash, $41 each of accounts and notes receivable (net), $68 and $54 of inventories, $6 and $3 of other current assets, $339 and $369 of property, plant and equipment (net), $40 and $17 of intangible assets (net), $27 and $28 of other noncurrent assets, $92 and $73 of accounts payable, $37 and $32 of accrued liabilities, $172 and $183 of current portion of debt, $36 and $64 of longterm debt, and $97 and $45 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”