Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Accounts and notes receivable, allowance for doubtful accounts (in dollars) $ 29 $ 26
Accounts and notes receivable, pledged as collateral (in dollars) $ 493 $ 438
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 1,200,000,000 1,200,000,000
Common stock, shares issued 250,770,770 249,483,541
Common stock, shares outstanding 236,271,202 237,080,026
Treasury stock, shares 12,607,223 11,162,454
Variable Interest Entity    
Cash and cash equivalents [1] $ 208 $ 257
Restricted cash [1] 10 12
Accounts and notes receivable (net) [1] 1,558 1,420
Inventories [1] 1,689 1,692
Other current assets [1] 281 312
Property, plant and equipment (net) [1] 4,437 4,446
Intangible assets (net) [1] 106 86
Other noncurrent assets [1] 576 573
Accounts payable [1] 999 1,034
Accrued liabilities [1] 652 686
Current portion of debt [1] 103 170
Long-term debt [1] 4,724 4,625
Other noncurrent liabilities [1] 1,223 1,226
Consolidated VIE's    
Variable Interest Entity    
Cash and cash equivalents 21 34
Restricted cash 10 12
Accounts and notes receivable (net) 30 26
Inventories 37 54
Other current assets 5 5
Property, plant and equipment (net) 303 307
Intangible assets (net) 37 36
Other noncurrent assets 42 38
Accounts payable 77 82
Accrued liabilities 30 27
Current portion of debt 17 15
Long-term debt 123 137
Other noncurrent liabilities 54 54
Huntsman International    
Accounts and notes receivable, allowance for doubtful accounts (in dollars) 29 26
Accounts and notes receivable, pledged as collateral (in dollars) $ 493 $ 438
Members' equity, units issued (in units) 2,728 2,728
Members' equity, units outstanding (in units) 2,728 2,728
Variable Interest Entity    
Cash and cash equivalents [1] $ 208 $ 257
Restricted cash [1] 10 12
Accounts and notes receivable (net) [1] 1,558 1,420
Inventories [1] 1,689 1,692
Other current assets [1] 276 306
Property, plant and equipment (net) [1] 4,405 4,410
Intangible assets (net) [1] 106 86
Other noncurrent assets [1] 576 573
Accounts payable [1] 998 1,034
Accrued liabilities [1] 650 683
Current portion of debt [1] 103 170
Long-term debt [1] 4,724 4,625
Other noncurrent liabilities [1] 1,226 1,224
Huntsman International | Consolidated VIE's    
Variable Interest Entity    
Cash and cash equivalents 21 34
Restricted cash 10 12
Accounts and notes receivable (net) 30 26
Inventories 37 54
Other current assets 5 5
Property, plant and equipment (net) 303 307
Intangible assets (net) 37 36
Other noncurrent assets 42 38
Accounts payable 77 82
Accrued liabilities 30 27
Current portion of debt 17 15
Long-term debt 123 137
Other noncurrent liabilities $ 54 $ 54
[1] At March 31, 2016 and December 31, 2015, respectively, $21 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $30 and $26 of accounts and notes receivable (net), $37 and $54 of inventories, $5 each of other current assets, $303 and $307 of property, plant and equipment (net), $37 and $36 of intangible assets (net), $42 and $38 of other noncurrent assets, $77 and $82 of accounts payable, $30 and $27 of accrued liabilities, $17 and $15 of current portion of debt, $123 and $137 of longterm debt, and $54 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 4. Variable Interest Entities.”