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
Jun. 30, 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) $ 492 $ 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 250,764,279 249,483,541
Common stock, shares outstanding 236,298,003 237,080,026
Treasury stock, shares 12,607,223 11,162,454
Variable Interest Entity    
Cash and cash equivalents [1] $ 373 $ 257
Restricted cash [1] 10 12
Accounts and notes receivable (net) [1] 1,532 1,420
Inventories [1] 1,522 1,692
Other current assets [1] 285 312
Property, plant and equipment (net) [1] 4,377 4,446
Intangible assets (net) [1] 97 86
Other noncurrent assets [1] 597 573
Accounts payable [1] 963 1,034
Accrued liabilities [1] 602 686
Current portion of debt [1] 96 170
Long-term debt [1] 4,653 4,625
Other noncurrent liabilities [1] 1,210 1,226
Consolidated VIE's    
Variable Interest Entity    
Cash and cash equivalents 25 34
Restricted cash 10 12
Accounts and notes receivable (net) 29 26
Inventories 39 54
Other current assets 5 5
Property, plant and equipment (net) 295 307
Intangible assets (net) 34 36
Other noncurrent assets 43 38
Accounts payable 76 82
Accrued liabilities 33 27
Current portion of debt 19 15
Long-term debt 123 137
Other noncurrent liabilities 55 54
Huntsman International    
Accounts and notes receivable, allowance for doubtful accounts (in dollars) 29 26
Accounts and notes receivable, pledged as collateral (in dollars) $ 492 $ 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] $ 373 $ 257
Restricted cash [1] 10 12
Accounts and notes receivable (net) [1] 1,532 1,420
Inventories [1] 1,522 1,692
Other current assets [1] 279 306
Property, plant and equipment (net) [1] 4,347 4,410
Intangible assets (net) [1] 98 86
Other noncurrent assets [1] 596 573
Accounts payable [1] 963 1,034
Accrued liabilities [1] 599 683
Current portion of debt [1] 96 170
Long-term debt [1] 4,653 4,625
Other noncurrent liabilities [1] 1,212 1,224
Huntsman International | Consolidated VIE's    
Variable Interest Entity    
Cash and cash equivalents 25 34
Restricted cash 10 12
Accounts and notes receivable (net) 29 26
Inventories 39 54
Other current assets 5 5
Property, plant and equipment (net) 295 307
Intangible assets (net) 34 36
Other noncurrent assets 43 38
Accounts payable 76 82
Accrued liabilities 33 27
Current portion of debt 19 15
Long-term debt 123 137
Other noncurrent liabilities $ 55 $ 54
[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.”