Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents [1] $ 257 $ 860
Restricted cash [1] 12 10
Accounts and notes receivable (net of allowance for doubtful accounts of $26 and $34, respectively), ($438 and $472 pledged as collateral, respectively) [1] 1,420 1,665
Accounts receivable from affiliates 29 42
Inventories [1] 1,692 2,025
Prepaid expenses 112 62
Deferred income taxes   62
Other current assets [1] 312 313
Total current assets 3,834 5,039
Property, plant and equipment, net [1] 4,446 4,423
Investment in unconsolidated affiliates 347 350
Intangible assets, net [1] 86 95
Goodwill 116 122
Deferred income taxes 418 435
Other noncurrent assets [1] 573 459
Total assets 9,820 10,923
Current liabilities:    
Accounts payable [1] 1,034 1,218
Accounts payable to affiliates 27 57
Accrued liabilities [1] 686 739
Deferred income taxes   51
Current portion of debt [1] 170 267
Total current liabilities 1,917 2,332
Long-term debt [1] 4,625 4,854
Notes payable to affiliates 1 6
Deferred income taxes 422 333
Other noncurrent liabilities [1] 1,226 1,447
Total liabilities $ 8,191 $ 8,972
Commitments and contingencies (Notes 19 and 20)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 249,483,541 and 248,893,036 issued and 237,080,026 and 243,416,979 outstanding in 2015 and 2014, respectively $ 3 $ 3
Additional paid-in capital 3,407 3,385
Treasury stock, 11,162,454 and 4,043,526 shares in 2015 and 2014, respectively (135) (50)
Unearned stock-based compensation (17) (14)
Accumulated deficit (528) (493)
Accumulated other comprehensive loss (1,288) (1,053)
Total Huntsman Corporation stockholders' equity 1,442 1,778
Noncontrolling interests in subsidiaries 187 173
Total equity 1,629 1,951
Total liabilities and equity 9,820 10,923
Huntsman International    
Current assets:    
Cash and cash equivalents [1] 257 710
Restricted cash [1] 12 10
Accounts and notes receivable (net of allowance for doubtful accounts of $26 and $34, respectively), ($438 and $472 pledged as collateral, respectively) [1] 1,420 1,665
Accounts receivable from affiliates 340 346
Inventories [1] 1,692 2,025
Prepaid expenses 111 61
Deferred income taxes   62
Other current assets [1] 306 306
Total current assets 4,138 5,185
Property, plant and equipment, net [1] 4,410 4,375
Investment in unconsolidated affiliates 347 350
Intangible assets, net [1] 86 96
Goodwill 116 122
Deferred income taxes 418 435
Other noncurrent assets [1] 573 459
Total assets 10,088 11,022
Current liabilities:    
Accounts payable [1] 1,034 1,218
Accounts payable to affiliates 52 74
Accrued liabilities [1] 683 736
Deferred income taxes   52
Notes payable to affiliates 100 100
Current portion of debt 170 267
Total current liabilities 2,039 2,447
Long-term debt [1] 4,625 4,854
Notes payable to affiliates 698 656
Deferred income taxes 418 326
Other noncurrent liabilities [1] 1,224 1,443
Total liabilities $ 9,004 $ 9,726
Commitments and contingencies (Notes 19 and 20)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding $ 3,196 $ 3,166
Accumulated deficit (983) (956)
Accumulated other comprehensive loss (1,316) (1,087)
Total Huntsman International LLC members' equity 897 1,123
Noncontrolling interests in subsidiaries 187 173
Total equity 1,084 1,296
Total liabilities and equity $ 10,088 $ 11,022
[1] At December 31, 2015 and December 31, 2014, respectively, $34 and $46 of cash and cash equivalents, $12 and $10 of restricted cash, $26 and $41 of accounts and notes receivable (net), $54 and $68 of inventories, $5 and $6 of other current assets, $307 and $339 of property, plant and equipment (net), $36 and $40 of intangible assets (net), $38 and $27 of other noncurrent assets, $82 and $92 of accounts payable, $27 and $37 of accrued liabilities, $15 and $172 of current portion of debt, $137 and $36 of longterm debt, and $54 and $97 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”