Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents [1] $ 373 $ 257
Restricted cash [1] 10 12
Accounts and notes receivable (net of allowance for doubtful accounts of $29 and $26, respectively), ($492 and $438 pledged as collateral, respectively) [1] 1,532 1,420
Accounts receivable from affiliates 14 29
Inventories [1] 1,522 1,692
Prepaid expenses 55 112
Other current assets [1] 285 312
Total current assets 3,791 3,834
Property, plant and equipment, net [1] 4,377 4,446
Investment in unconsolidated affiliates 335 347
Intangible assets, net [1] 97 86
Goodwill 123 116
Deferred income taxes 407 418
Other noncurrent assets [1] 597 573
Total assets 9,727 9,820
Current liabilities:    
Accounts payable [1] 963 1,034
Accounts payable to affiliates 28 27
Accrued liabilities [1] 602 686
Current portion of debt [1] 96 170
Total current liabilities 1,689 1,917
Long-term debt [1] 4,653 4,625
Notes payable to affiliates 1 1
Deferred income taxes 466 422
Other noncurrent liabilities [1] 1,210 1,226
Total liabilities 8,019 8,191
Commitments and contingencies (Notes 12 and 13)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 250,764,279 and 249,483,541 shares issued and 236,298,003 and 237,080,026 shares outstanding, respectively 3 3
Additional paid-in capital 3,443 3,407
Treasury stock, 12,607,223 and 11,162,454 shares, respectively (150) (135)
Unearned stock-based compensation (24) (17)
Accumulated deficit (447) (528)
Accumulated other comprehensive loss (1,296) (1,288)
Total Huntsman Corporation stockholders' equity 1,529 1,442
Noncontrolling interests in subsidiaries 179 187
Total equity 1,708 1,629
Total liabilities and equity 9,727 9,820
Huntsman International    
Current assets:    
Cash and cash equivalents [1] 373 257
Restricted cash [1] 10 12
Accounts and notes receivable (net of allowance for doubtful accounts of $29 and $26, respectively), ($492 and $438 pledged as collateral, respectively) [1] 1,532 1,420
Accounts receivable from affiliates 329 340
Inventories [1] 1,522 1,692
Prepaid expenses 54 111
Other current assets [1] 279 306
Total current assets 4,099 4,138
Property, plant and equipment, net [1] 4,347 4,410
Investment in unconsolidated affiliates 335 347
Intangible assets, net [1] 98 86
Goodwill 123 116
Deferred income taxes 407 418
Other noncurrent assets [1] 596 573
Total assets 10,005 10,088
Current liabilities:    
Accounts payable [1] 963 1,034
Accounts payable to affiliates 57 52
Accrued liabilities [1] 599 683
Notes payable to affiliates 100 100
Current portion of debt [1] 96 170
Total current liabilities 1,815 2,039
Long-term debt [1] 4,653 4,625
Notes payable to affiliates 697 698
Deferred income taxes 462 418
Other noncurrent liabilities [1] 1,212 1,224
Total liabilities 8,839 9,004
Commitments and contingencies (Notes 12 and 13)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,209 3,196
Accumulated deficit (901) (983)
Accumulated other comprehensive loss (1,321) (1,316)
Total Huntsman International LLC members' equity 987 897
Noncontrolling interests in subsidiaries 179 187
Total equity 1,166 1,084
Total liabilities and equity $ 10,005 $ 10,088
[1] At June 30, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $29 and $26 of accounts and notes receivable (net), $39 and $54 of inventories, $5 each of other current assets, $295 and $307 of property, plant and equipment (net), $34 and $36 of intangible assets (net), $43 and $38 of other noncurrent assets, $76 and $82 of accounts payable, $33 and $27 of accrued liabilities, $19 and $15 of current portion of debt, $123 and $137 of longterm debt, and $55 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 4. Variable Interest Entities.”