Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents [1] $ 439 $ 257
Restricted cash [1] 11 12
Accounts and notes receivable (net of allowance for doubtful accounts of $29 and $26, respectively), ($473 and $438 pledged as collateral, respectively) [1] 1,456 1,420
Accounts receivable from affiliates 10 29
Inventories [1] 1,444 1,692
Prepaid expenses 75 112
Current assets held for sale 31  
Other current assets [1] 317 312
Total current assets 3,783 3,834
Property, plant and equipment, net [1] 4,298 4,446
Investment in unconsolidated affiliates 337 347
Intangible assets, net [1] 97 86
Goodwill 123 116
Deferred income taxes 404 418
Noncurrent assets held for sale 90  
Other noncurrent assets [1] 575 573
Total assets 9,707 9,820
Current liabilities:    
Accounts payable [1] 999 1,034
Accounts payable to affiliates 27 27
Accrued liabilities [1] 655 686
Current portion of debt [1] 88 170
Current liabilities held for sale 20  
Total current liabilities 1,789 1,917
Long-term debt [1] 4,468 4,625
Notes payable to affiliates 1 1
Deferred income taxes 471 422
Noncurrent liabilities held for sale 10  
Other noncurrent liabilities [1] 1,197 1,226
Total liabilities 7,936 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, 250,764,002 and 249,483,541 shares issued and 236,316,932 and 237,080,026 shares outstanding, respectively 3 3
Additional paid-in capital 3,445 3,407
Treasury stock, 12,607,223 and 11,162,454 shares, respectively (150) (135)
Unearned stock-based compensation (21) (17)
Accumulated deficit (423) (528)
Accumulated other comprehensive loss (1,266) (1,288)
Total Huntsman Corporation stockholders' equity 1,588 1,442
Noncontrolling interests in subsidiaries 183 187
Total equity 1,771 1,629
Total liabilities and equity 9,707 9,820
Huntsman International    
Current assets:    
Cash and cash equivalents [1] 439 257
Restricted cash [1] 11 12
Accounts and notes receivable (net of allowance for doubtful accounts of $29 and $26, respectively), ($473 and $438 pledged as collateral, respectively) [1] 1,456 1,420
Accounts receivable from affiliates 325 340
Inventories [1] 1,444 1,692
Prepaid expenses 74 111
Current assets held for sale 31  
Other current assets [1] 313 306
Total current assets 4,093 4,138
Property, plant and equipment, net [1] 4,271 4,410
Investment in unconsolidated affiliates 337 347
Intangible assets, net [1] 97 86
Goodwill 123 116
Deferred income taxes 404 418
Noncurrent assets held for sale 90  
Other noncurrent assets [1] 575 573
Total assets 9,990 10,088
Current liabilities:    
Accounts payable [1] 999 1,034
Accounts payable to affiliates 59 52
Accrued liabilities [1] 652 683
Notes payable to affiliates 100 100
Current portion of debt [1] 88 170
Current liabilities held for sale 20  
Total current liabilities 1,918 2,039
Long-term debt [1] 4,468 4,625
Notes payable to affiliates 697 698
Deferred income taxes 468 418
Noncurrent liabilities held for sale 10  
Other noncurrent liabilities [1] 1,195 1,224
Total liabilities 8,756 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 3,217 3,196
Accumulated deficit (877) (983)
Accumulated other comprehensive loss (1,289) (1,316)
Total Huntsman International LLC members' equity 1,051 897
Noncontrolling interests in subsidiaries 183 187
Total equity 1,234 1,084
Total liabilities and equity $ 9,990 $ 10,088
[1] At September 30, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $28 and $26 of accounts and notes receivable (net), $42 and $54 of inventories, $6 and $5 of other current assets, $291 and $307 of property, plant and equipment (net), $32 and $36 of intangible assets (net), $38 each of other noncurrent assets, $69 and $82 of accounts payable, $30 and $27 of accrued liabilities, $20 and $15 of current portion of debt, $114 and $137 of longterm debt, and $56 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.”