| CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC |
18. CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC
The following unaudited condensed consolidating financial statements present, in separate columns, financial information for the following: Huntsman International (on a parent only basis), with its investment in subsidiaries recorded under the equity method; the Guarantors on a combined, and where appropriate, consolidated basis; and the Nonguarantors on a combined, and where appropriate, consolidated basis. Additional columns present eliminating adjustments and consolidated totals as of September 30, 2016 and December 31, 2015 and for the three and nine months ended September 30, 2016 and 2015. There are no contractual restrictions limiting transfers of cash from the Guarantors to Huntsman International. Each of the Guarantors is 100% owned by Huntsman International and has fully and unconditionally guaranteed, subject to certain customary release provisions, Huntsman International's outstanding notes on a joint and several basis.
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
AS OF SEPTEMBER 30, 2016
(In Millions)
|
|
|
Parent
Company
|
|
Guarantors
|
|
Nonguarantors
|
|
Eliminations
|
|
Consolidated
Huntsman
International LLC
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
99
|
|
$
|
1
|
|
$
|
339
|
|
$
|
—
|
|
$
|
439
|
|
|
Restricted cash
|
|
|
—
|
|
|
—
|
|
|
11
|
|
|
—
|
|
|
11
|
|
|
Accounts and notes receivable, net
|
|
|
29
|
|
|
71
|
|
|
1,353
|
|
|
3
|
|
|
1,456
|
|
|
Accounts receivable from affiliates
|
|
|
1,667
|
|
|
4,660
|
|
|
190
|
|
|
(6,192
|
)
|
|
325
|
|
|
Inventories
|
|
|
88
|
|
|
274
|
|
|
1,087
|
|
|
(5
|
)
|
|
1,444
|
|
|
Prepaid expenses
|
|
|
14
|
|
|
15
|
|
|
59
|
|
|
(14
|
)
|
|
74
|
|
|
Current assets held for sale
|
|
|
—
|
|
|
—
|
|
|
31
|
|
|
—
|
|
|
31
|
|
|
Other current assets
|
|
|
839
|
|
|
23
|
|
|
182
|
|
|
(731
|
)
|
|
313
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
2,736
|
|
|
5,044
|
|
|
3,252
|
|
|
(6,939
|
)
|
|
4,093
|
|
|
Property, plant and equipment, net
|
|
|
455
|
|
|
1,423
|
|
|
2,392
|
|
|
1
|
|
|
4,271
|
|
|
Investment in unconsolidated affiliates
|
|
|
6,132
|
|
|
1,796
|
|
|
255
|
|
|
(7,846
|
)
|
|
337
|
|
|
Intangible assets, net
|
|
|
29
|
|
|
3
|
|
|
65
|
|
|
—
|
|
|
97
|
|
|
Goodwill
|
|
|
(13
|
)
|
|
82
|
|
|
54
|
|
|
—
|
|
|
123
|
|
|
Deferred income taxes
|
|
|
477
|
|
|
—
|
|
|
416
|
|
|
(489
|
)
|
|
404
|
|
|
Notes receivable from affiliates
|
|
|
37
|
|
|
551
|
|
|
—
|
|
|
(588
|
)
|
|
—
|
|
|
Noncurrent assets held for sale
|
|
|
—
|
|
|
—
|
|
|
90
|
|
|
—
|
|
|
90
|
|
|
Other noncurrent assets
|
|
|
64
|
|
|
203
|
|
|
308
|
|
|
—
|
|
|
575
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
9,917
|
|
$
|
9,102
|
|
$
|
6,832
|
|
$
|
(15,861
|
)
|
$
|
9,990
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
48
|
|
$
|
181
|
|
$
|
766
|
|
$
|
4
|
|
$
|
999
|
|
|
Accounts payable to affiliates
|
|
|
3,617
|
|
|
839
|
|
|
1,795
|
|
|
(6,192
|
)
|
|
59
|
|
|
Accrued liabilities
|
|
|
92
|
|
|
822
|
|
|
484
|
|
|
(746
|
)
|
|
652
|
|
|
Note payable to affiliate
|
|
|
100
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
100
|
|
|
Current portion of debt
|
|
|
38
|
|
|
—
|
|
|
50
|
|
|
—
|
|
|
88
|
|
|
Current liabilities held for sale
|
|
|
—
|
|
|
—
|
|
|
20
|
|
|
—
|
|
|
20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
3,895
|
|
|
1,842
|
|
|
3,115
|
|
|
(6,934
|
)
|
|
1,918
|
|
|
Long-term debt
|
|
|
4,091
|
|
|
—
|
|
|
377
|
|
|
—
|
|
|
4,468
|
|
|
Notes payable to affiliates
|
|
|
696
|
|
|
—
|
|
|
589
|
|
|
(588
|
)
|
|
697
|
|
|
Deferred income taxes
|
|
|
24
|
|
|
318
|
|
|
48
|
|
|
78
|
|
|
468
|
|
|
Noncurrent liabilities held for sale
|
|
|
—
|
|
|
—
|
|
|
10
|
|
|
—
|
|
|
10
|
|
|
Other noncurrent liabilities
|
|
|
160
|
|
|
264
|
|
|
771
|
|
|
—
|
|
|
1,195
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
8,866
|
|
|
2,424
|
|
|
4,910
|
|
|
(7,444
|
)
|
|
8,756
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Huntsman International LLC members' equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Members' equity
|
|
|
3,217
|
|
|
4,499
|
|
|
3,417
|
|
|
(7,916
|
)
|
|
3,217
|
|
|
Accumulated (deficit) income
|
|
|
(877
|
)
|
|
731
|
|
|
(375
|
)
|
|
(356
|
)
|
|
(877
|
)
|
|
Accumulated other comprehensive (loss) income
|
|
|
(1,289
|
)
|
|
1,448
|
|
|
(1,279
|
)
|
|
(169
|
)
|
|
(1,289
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Huntsman International LLC members' equity
|
|
|
1,051
|
|
|
6,678
|
|
|
1,763
|
|
|
(8,441
|
)
|
|
1,051
|
|
|
Noncontrolling interests in subsidiaries
|
|
|
—
|
|
|
—
|
|
|
159
|
|
|
24
|
|
|
183
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
1,051
|
|
|
6,678
|
|
|
1,922
|
|
|
(8,417
|
)
|
|
1,234
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity
|
|
$
|
9,917
|
|
$
|
9,102
|
|
$
|
6,832
|
|
$
|
(15,861
|
)
|
$
|
9,990
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 31, 2015
(In Millions)
|
|
|
Parent
Company
|
|
Guarantors
|
|
Nonguarantors
|
|
Eliminations
|
|
Consolidated
Huntsman
International LLC
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
44
|
|
$
|
1
|
|
$
|
212
|
|
$
|
—
|
|
$
|
257
|
|
|
Restricted cash
|
|
|
—
|
|
|
—
|
|
|
12
|
|
|
—
|
|
|
12
|
|
|
Accounts and notes receivable, net
|
|
|
21
|
|
|
96
|
|
|
1,298
|
|
|
5
|
|
|
1,420
|
|
|
Accounts receivable from affiliates
|
|
|
2,163
|
|
|
4,730
|
|
|
163
|
|
|
(6,716
|
)
|
|
340
|
|
|
Inventories
|
|
|
101
|
|
|
322
|
|
|
1,275
|
|
|
(6
|
)
|
|
1,692
|
|
|
Prepaid expenses
|
|
|
49
|
|
|
31
|
|
|
91
|
|
|
(60
|
)
|
|
111
|
|
|
Other current assets
|
|
|
790
|
|
|
8
|
|
|
212
|
|
|
(704
|
)
|
|
306
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
3,168
|
|
|
5,188
|
|
|
3,263
|
|
|
(7,481
|
)
|
|
4,138
|
|
|
Property, plant and equipment, net
|
|
|
473
|
|
|
1,433
|
|
|
2,503
|
|
|
1
|
|
|
4,410
|
|
|
Investment in unconsolidated affiliates
|
|
|
5,991
|
|
|
1,558
|
|
|
263
|
|
|
(7,465
|
)
|
|
347
|
|
|
Intangible assets, net
|
|
|
32
|
|
|
3
|
|
|
51
|
|
|
—
|
|
|
86
|
|
|
Goodwill
|
|
|
(13
|
)
|
|
82
|
|
|
47
|
|
|
—
|
|
|
116
|
|
|
Deferred income taxes
|
|
|
473
|
|
|
—
|
|
|
430
|
|
|
(485
|
)
|
|
418
|
|
|
Notes receivable from affiliates
|
|
|
36
|
|
|
539
|
|
|
6
|
|
|
(581
|
)
|
|
—
|
|
|
Other noncurrent assets
|
|
|
71
|
|
|
223
|
|
|
279
|
|
|
—
|
|
|
573
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
10,231
|
|
$
|
9,026
|
|
$
|
6,842
|
|
$
|
(16,011
|
)
|
$
|
10,088
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
50
|
|
$
|
207
|
|
$
|
772
|
|
$
|
5
|
|
$
|
1,034
|
|
|
Accounts payable to affiliates
|
|
|
3,905
|
|
|
973
|
|
|
1,891
|
|
|
(6,717
|
)
|
|
52
|
|
|
Accrued liabilities
|
|
|
74
|
|
|
793
|
|
|
581
|
|
|
(765
|
)
|
|
683
|
|
|
Note payable to affiliate
|
|
|
100
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
100
|
|
|
Current portion of debt
|
|
|
89
|
|
|
—
|
|
|
81
|
|
|
—
|
|
|
170
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
4,218
|
|
|
1,973
|
|
|
3,325
|
|
|
(7,477
|
)
|
|
2,039
|
|
|
Long-term debt
|
|
|
4,229
|
|
|
—
|
|
|
396
|
|
|
—
|
|
|
4,625
|
|
|
Notes payable to affiliates
|
|
|
703
|
|
|
—
|
|
|
576
|
|
|
(581
|
)
|
|
698
|
|
|
Deferred income taxes
|
|
|
24
|
|
|
276
|
|
|
36
|
|
|
82
|
|
|
418
|
|
|
Other noncurrent liabilities
|
|
|
160
|
|
|
241
|
|
|
819
|
|
|
4
|
|
|
1,224
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
9,334
|
|
|
2,490
|
|
|
5,152
|
|
|
(7,972
|
)
|
|
9,004
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Huntsman International LLC members' equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Members' equity
|
|
|
3,196
|
|
|
4,517
|
|
|
3,394
|
|
|
(7,911
|
)
|
|
3,196
|
|
|
Accumulated (deficit) income
|
|
|
(983
|
)
|
|
652
|
|
|
(557
|
)
|
|
(95
|
)
|
|
(983
|
)
|
|
Accumulated other comprehensive (loss) income
|
|
|
(1,316
|
)
|
|
1,367
|
|
|
(1,311
|
)
|
|
(56
|
)
|
|
(1,316
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Huntsman International LLC members' equity
|
|
|
897
|
|
|
6,536
|
|
|
1,526
|
|
|
(8,062
|
)
|
|
897
|
|
|
Noncontrolling interests in subsidiaries
|
|
|
—
|
|
|
—
|
|
|
164
|
|
|
23
|
|
|
187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
897
|
|
|
6,536
|
|
|
1,690
|
|
|
(8,039
|
)
|
|
1,084
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity
|
|
$
|
10,231
|
|
$
|
9,026
|
|
$
|
6,842
|
|
$
|
(16,011
|
)
|
$
|
10,088
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE
INCOME (LOSS)
THREE MONTHS ENDED SEPTEMBER 30, 2016
(In Millions)
|
|
|
Parent
Company
|
|
Guarantors
|
|
Nonguarantors
|
|
Eliminations
|
|
Consolidated
Huntsman
International LLC
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade sales, services and fees, net
|
|
$
|
264
|
|
$
|
528
|
|
$
|
1,542
|
|
$
|
—
|
|
$
|
2,334
|
|
|
Related party sales
|
|
|
45
|
|
|
37
|
|
|
263
|
|
|
(316
|
)
|
|
29
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues
|
|
|
309
|
|
|
565
|
|
|
1,805
|
|
|
(316
|
)
|
|
2,363
|
|
|
Cost of goods sold
|
|
|
249
|
|
|
500
|
|
|
1,529
|
|
|
(314
|
)
|
|
1,964
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
60
|
|
|
65
|
|
|
276
|
|
|
(2
|
)
|
|
399
|
|
|
Selling, general and administrative
|
|
|
33
|
|
|
37
|
|
|
150
|
|
|
—
|
|
|
220
|
|
|
Research and development
|
|
|
13
|
|
|
11
|
|
|
14
|
|
|
—
|
|
|
38
|
|
|
Other operating expense (income), net
|
|
|
3
|
|
|
(8
|
)
|
|
(19
|
)
|
|
—
|
|
|
(24
|
)
|
|
Restructuring, impairment and plant
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
closing costs
|
|
|
2
|
|
|
11
|
|
|
32
|
|
|
—
|
|
|
45
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income
|
|
|
9
|
|
|
14
|
|
|
99
|
|
|
(2
|
)
|
|
120
|
|
|
Interest (expense) income
|
|
|
(54
|
)
|
|
6
|
|
|
(7
|
)
|
|
—
|
|
|
(55
|
)
|
|
Equity in income of investment in affiliates and subsidiaries
|
|
|
82
|
|
|
81
|
|
|
1
|
|
|
(163
|
)
|
|
1
|
|
|
Loss on early extinguishment of debt
|
|
|
(1
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1
|
)
|
|
Dividend income
|
|
|
1
|
|
|
—
|
|
|
—
|
|
|
(1
|
)
|
|
—
|
|
|
Other (loss) income, net
|
|
|
(3
|
)
|
|
—
|
|
|
2
|
|
|
—
|
|
|
(1
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations before income taxes
|
|
|
34
|
|
|
101
|
|
|
95
|
|
|
(166
|
)
|
|
64
|
|
|
Income tax benefit (expense)
|
|
|
20
|
|
|
(11
|
)
|
|
(9
|
)
|
|
—
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations
|
|
|
54
|
|
|
90
|
|
|
86
|
|
|
(166
|
)
|
|
64
|
|
|
Loss from discontinued operations, net of tax
|
|
|
—
|
|
|
—
|
|
|
(1
|
)
|
|
—
|
|
|
(1
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
|
54
|
|
|
90
|
|
|
85
|
|
|
(166
|
)
|
|
63
|
|
|
Net income attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
(5
|
)
|
|
(4
|
)
|
|
(9
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Huntsman International LLC
|
|
$
|
54
|
|
$
|
90
|
|
$
|
80
|
|
$
|
(170
|
)
|
$
|
54
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
54
|
|
$
|
90
|
|
$
|
85
|
|
$
|
(166
|
)
|
$
|
63
|
|
|
Other comprehensive income
|
|
|
32
|
|
|
7
|
|
|
32
|
|
|
(39
|
)
|
|
32
|
|
|
Comprehensive income attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
(5
|
)
|
|
(4
|
)
|
|
(9
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to Huntsman International LLC
|
|
$
|
86
|
|
$
|
97
|
|
$
|
112
|
|
$
|
(209
|
)
|
$
|
86
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE
INCOME (LOSS)
THREE MONTHS ENDED SEPTEMBER 30, 2015
(In Millions)
|
|
|
Parent
Company
|
|
Guarantors
|
|
Nonguarantors
|
|
Eliminations
|
|
Consolidated
Huntsman
International LLC
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade sales, services and fees, net
|
|
$
|
270
|
|
$
|
674
|
|
$
|
1,661
|
|
$
|
—
|
|
$
|
2,605
|
|
|
Related party sales
|
|
|
62
|
|
|
117
|
|
|
261
|
|
|
(407
|
)
|
|
33
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues
|
|
|
332
|
|
|
791
|
|
|
1,922
|
|
|
(407
|
)
|
|
2,638
|
|
|
Cost of goods sold
|
|
|
270
|
|
|
598
|
|
|
1,701
|
|
|
(405
|
)
|
|
2,164
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
62
|
|
|
193
|
|
|
221
|
|
|
(2
|
)
|
|
474
|
|
|
Selling, general and administrative
|
|
|
44
|
|
|
37
|
|
|
150
|
|
|
—
|
|
|
231
|
|
|
Research and development
|
|
|
13
|
|
|
11
|
|
|
17
|
|
|
—
|
|
|
41
|
|
|
Other operating expense (income), net
|
|
|
14
|
|
|
(10
|
)
|
|
13
|
|
|
—
|
|
|
17
|
|
|
Restructuring, impairment and plant closing costs
|
|
|
3
|
|
|
1
|
|
|
10
|
|
|
—
|
|
|
14
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating (loss) income
|
|
|
(12
|
)
|
|
154
|
|
|
31
|
|
|
(2
|
)
|
|
171
|
|
|
Interest (expense) income
|
|
|
(55
|
)
|
|
9
|
|
|
(5
|
)
|
|
—
|
|
|
(51
|
)
|
|
Equity in income (loss) of investment in affiliates and subsidiaries
|
|
|
101
|
|
|
(7
|
)
|
|
—
|
|
|
(94
|
)
|
|
—
|
|
|
Loss on early extinguishment of debt
|
|
|
(8
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(8
|
)
|
|
Other income (loss), net
|
|
|
1
|
|
|
(1
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations before income taxes
|
|
|
27
|
|
|
155
|
|
|
26
|
|
|
(96
|
)
|
|
112
|
|
|
Income tax benefit (expense)
|
|
|
29
|
|
|
(49
|
)
|
|
(28
|
)
|
|
—
|
|
|
(48
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations
|
|
|
56
|
|
|
106
|
|
|
(2
|
)
|
|
(96
|
)
|
|
64
|
|
|
Loss from discontinued operations, net of tax
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
|
56
|
|
|
106
|
|
|
(2
|
)
|
|
(96
|
)
|
|
64
|
|
|
Net income attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
(5
|
)
|
|
(3
|
)
|
|
(8
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to Huntsman International LLC
|
|
$
|
56
|
|
$
|
106
|
|
$
|
(7
|
)
|
$
|
(99
|
)
|
$
|
56
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
56
|
|
$
|
106
|
|
$
|
(2
|
)
|
$
|
(96
|
)
|
$
|
64
|
|
|
Other comprehensive loss
|
|
|
(84
|
)
|
|
(137
|
)
|
|
(93
|
)
|
|
228
|
|
|
(86
|
)
|
|
Comprehensive income attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
(3
|
)
|
|
(3
|
)
|
|
(6
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive loss attributable to Huntsman International LLC
|
|
$
|
(28
|
)
|
$
|
(31
|
)
|
$
|
(98
|
)
|
$
|
129
|
|
$
|
(28
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE
INCOME (LOSS)
NINE MONTHS ENDED SEPTEMBER 30, 2016
(In Millions)
|
|
|
Parent
Company
|
|
Guarantors
|
|
Nonguarantors
|
|
Eliminations
|
|
Consolidated
Huntsman
International LLC
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade sales, services and fees, net
|
|
$
|
787
|
|
$
|
1,717
|
|
$
|
4,663
|
|
$
|
—
|
|
$
|
7,167
|
|
|
Related party sales
|
|
|
139
|
|
|
247
|
|
|
811
|
|
|
(1,102
|
)
|
|
95
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues
|
|
|
926
|
|
|
1,964
|
|
|
5,474
|
|
|
(1,102
|
)
|
|
7,262
|
|
|
Cost of goods sold
|
|
|
726
|
|
|
1,658
|
|
|
4,706
|
|
|
(1,102
|
)
|
|
5,988
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
200
|
|
|
306
|
|
|
768
|
|
|
—
|
|
|
1,274
|
|
|
Selling, general and administrative
|
|
|
117
|
|
|
119
|
|
|
439
|
|
|
—
|
|
|
675
|
|
|
Research and development
|
|
|
35
|
|
|
33
|
|
|
46
|
|
|
—
|
|
|
114
|
|
|
Other operating expense (income), net
|
|
|
11
|
|
|
(25
|
)
|
|
(26
|
)
|
|
—
|
|
|
(40
|
)
|
|
Restructuring, impairment and plant closing costs
|
|
|
5
|
|
|
30
|
|
|
52
|
|
|
—
|
|
|
87
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income
|
|
|
32
|
|
|
149
|
|
|
257
|
|
|
—
|
|
|
438
|
|
|
Interest (expense) income
|
|
|
(165
|
)
|
|
23
|
|
|
(19
|
)
|
|
—
|
|
|
(161
|
)
|
|
Equity in income of investment in affiliates and subsidiaries
|
|
|
67
|
|
|
184
|
|
|
4
|
|
|
(251
|
)
|
|
4
|
|
|
Loss on early extinguishment of debt
|
|
|
(3
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(3
|
)
|
|
Dividend income
|
|
|
217
|
|
|
—
|
|
|
—
|
|
|
(217
|
)
|
|
—
|
|
|
Other (loss) income, net
|
|
|
(3
|
)
|
|
8
|
|
|
(4
|
)
|
|
—
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations before income taxes
|
|
|
145
|
|
|
364
|
|
|
238
|
|
|
(468
|
)
|
|
279
|
|
|
Income tax benefit (expense)
|
|
|
50
|
|
|
(67
|
)
|
|
(41
|
)
|
|
—
|
|
|
(58
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations
|
|
|
195
|
|
|
297
|
|
|
197
|
|
|
(468
|
)
|
|
221
|
|
|
Income (loss) from discontinued operations, net of tax
|
|
|
1
|
|
|
(1
|
)
|
|
(3
|
)
|
|
—
|
|
|
(3
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
|
196
|
|
|
296
|
|
|
194
|
|
|
(468
|
)
|
|
218
|
|
|
Net income attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
(11
|
)
|
|
(11
|
)
|
|
(22
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Huntsman International LLC
|
|
$
|
196
|
|
$
|
296
|
|
$
|
183
|
|
$
|
(479
|
)
|
$
|
196
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
196
|
|
$
|
296
|
|
$
|
194
|
|
$
|
(468
|
)
|
$
|
218
|
|
|
Other comprehensive income
|
|
|
27
|
|
|
83
|
|
|
35
|
|
|
(118
|
)
|
|
27
|
|
|
Comprehensive income attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
(11
|
)
|
|
(11
|
)
|
|
(22
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to Huntsman International LLC
|
|
$
|
223
|
|
$
|
379
|
|
$
|
218
|
|
$
|
(597
|
)
|
$
|
223
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE
INCOME (LOSS)
NINE MONTHS ENDED SEPTEMBER 30, 2015
(In Millions)
|
|
|
Parent
Company
|
|
Guarantors
|
|
Nonguarantors
|
|
Eliminations
|
|
Consolidated
Huntsman
International LLC
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade sales, services and fees, net
|
|
$
|
795
|
|
$
|
1,911
|
|
$
|
5,156
|
|
$
|
—
|
|
$
|
7,862
|
|
|
Related party sales
|
|
|
201
|
|
|
376
|
|
|
818
|
|
|
(1,290
|
)
|
|
105
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues
|
|
|
996
|
|
|
2,287
|
|
|
5,974
|
|
|
(1,290
|
)
|
|
7,967
|
|
|
Cost of goods sold
|
|
|
789
|
|
|
1,771
|
|
|
5,220
|
|
|
(1,288
|
)
|
|
6,492
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
207
|
|
|
516
|
|
|
754
|
|
|
(2
|
)
|
|
1,475
|
|
|
Selling, general and administrative
|
|
|
128
|
|
|
133
|
|
|
462
|
|
|
—
|
|
|
723
|
|
|
Research and development
|
|
|
35
|
|
|
33
|
|
|
56
|
|
|
—
|
|
|
124
|
|
|
Other operating (income) expense, net
|
|
|
(15
|
)
|
|
(20
|
)
|
|
43
|
|
|
—
|
|
|
8
|
|
|
Restructuring, impairment and plant closing costs
|
|
|
4
|
|
|
5
|
|
|
212
|
|
|
—
|
|
|
221
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
55
|
|
|
365
|
|
|
(19
|
)
|
|
(2
|
)
|
|
399
|
|
|
Interest (expense) income
|
|
|
(168
|
)
|
|
25
|
|
|
(22
|
)
|
|
—
|
|
|
(165
|
)
|
|
Equity in income (loss) of investment in affiliates and subsidiaries
|
|
|
199
|
|
|
(46
|
)
|
|
5
|
|
|
(153
|
)
|
|
5
|
|
|
Loss on early extinguishment of debt
|
|
|
(31
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(31
|
)
|
|
Other income (loss), net
|
|
|
2
|
|
|
(9
|
)
|
|
7
|
|
|
(1
|
)
|
|
(1
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations before income taxes
|
|
|
57
|
|
|
335
|
|
|
(29
|
)
|
|
(156
|
)
|
|
207
|
|
|
Income tax benefit (expense)
|
|
|
35
|
|
|
(121
|
)
|
|
1
|
|
|
—
|
|
|
(85
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations
|
|
|
92
|
|
|
214
|
|
|
(28
|
)
|
|
(156
|
)
|
|
122
|
|
|
Loss from discontinued operations, net of tax
|
|
|
(2
|
)
|
|
(1
|
)
|
|
(1
|
)
|
|
—
|
|
|
(4
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
|
90
|
|
|
213
|
|
|
(29
|
)
|
|
(156
|
)
|
|
118
|
|
|
Net income attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
(18
|
)
|
|
(10
|
)
|
|
(28
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to Huntsman International LLC
|
|
$
|
90
|
|
$
|
213
|
|
$
|
(47
|
)
|
$
|
(166
|
)
|
$
|
90
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
90
|
|
$
|
213
|
|
$
|
(29
|
)
|
$
|
(156
|
)
|
$
|
118
|
|
|
Other comprehensive (loss) income
|
|
|
(187
|
)
|
|
45
|
|
|
(208
|
)
|
|
156
|
|
|
(194
|
)
|
|
Comprehensive income attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
(10
|
)
|
|
(11
|
)
|
|
(21
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive (loss) income attributable to Huntsman International LLC
|
|
$
|
(97
|
)
|
$
|
258
|
|
$
|
(247
|
)
|
$
|
(11
|
)
|
$
|
(97
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 30, 2016
(In Millions)
|
|
|
Parent
Company
|
|
Guarantors
|
|
Nonguarantors
|
|
Eliminations
|
|
Consolidated
Huntsman
International LLC
|
|
|
Net cash provided by operating activities
|
|
$
|
410
|
|
$
|
92
|
|
$
|
341
|
|
$
|
—
|
|
$
|
843
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures
|
|
|
(24
|
)
|
|
(85
|
)
|
|
(181
|
)
|
|
—
|
|
|
(290
|
)
|
|
Insurance proceeds for recovery of property damage
|
|
|
—
|
|
|
—
|
|
|
8
|
|
|
—
|
|
|
8
|
|
|
Cash received from unconsolidated affiliates
|
|
|
—
|
|
|
25
|
|
|
—
|
|
|
—
|
|
|
25
|
|
|
Investment in affiliate
|
|
|
(11
|
)
|
|
7
|
|
|
—
|
|
|
4
|
|
|
—
|
|
|
Investment in unconsolidated affiliates
|
|
|
—
|
|
|
(22
|
)
|
|
(1
|
)
|
|
—
|
|
|
(23
|
)
|
|
Proceeds from sale of businesses/assets
|
|
|
—
|
|
|
—
|
|
|
9
|
|
|
—
|
|
|
9
|
|
|
Decrease in receivable from affiliate
|
|
|
3
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
3
|
|
|
Change in restricted cash
|
|
|
—
|
|
|
—
|
|
|
1
|
|
|
—
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in investing activities
|
|
|
(32
|
)
|
|
(75
|
)
|
|
(164
|
)
|
|
4
|
|
|
(267
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net repayments on overdraft facilities
|
|
|
—
|
|
|
—
|
|
|
(1
|
)
|
|
—
|
|
|
(1
|
)
|
|
Repayments of short-term debt
|
|
|
—
|
|
|
—
|
|
|
(41
|
)
|
|
—
|
|
|
(41
|
)
|
|
Borrowings on short-term debt
|
|
|
—
|
|
|
—
|
|
|
8
|
|
|
—
|
|
|
8
|
|
|
Repayments of long-term debt
|
|
|
(774
|
)
|
|
—
|
|
|
(21
|
)
|
|
—
|
|
|
(795
|
)
|
|
Proceeds from issuance of long-term debt
|
|
|
547
|
|
|
—
|
|
|
5
|
|
|
—
|
|
|
552
|
|
|
Repayments of notes payable to affiliate
|
|
|
(7
|
)
|
|
—
|
|
|
—
|
|
|
6
|
|
|
(1
|
)
|
|
Proceeds from notes payable to affiliate
|
|
|
—
|
|
|
—
|
|
|
6
|
|
|
(6
|
)
|
|
—
|
|
|
Repayments of notes payable
|
|
|
(23
|
)
|
|
—
|
|
|
(2
|
)
|
|
—
|
|
|
(25
|
)
|
|
Borrowings on notes payable
|
|
|
30
|
|
|
—
|
|
|
1
|
|
|
—
|
|
|
31
|
|
|
Debt issuance costs paid
|
|
|
(8
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(8
|
)
|
|
Dividends paid to noncontrolling intrests
|
|
|
—
|
|
|
—
|
|
|
(16
|
)
|
|
(10
|
)
|
|
(26
|
)
|
|
Contribution from parent
|
|
|
—
|
|
|
3
|
|
|
31
|
|
|
(34
|
)
|
|
—
|
|
|
Distribution to parent
|
|
|
—
|
|
|
(20
|
)
|
|
(20
|
)
|
|
40
|
|
|
—
|
|
|
Dividends paid to parent
|
|
|
(89
|
)
|
|
—
|
|
|
(1
|
)
|
|
—
|
|
|
(90
|
)
|
|
Other, net
|
|
|
1
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in financing activities
|
|
|
(323
|
)
|
|
(17
|
)
|
|
(51
|
)
|
|
(4
|
)
|
|
(395
|
)
|
|
Effect of exchange rate changes on cash
|
|
|
—
|
|
|
—
|
|
|
1
|
|
|
—
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in cash and cash equivalents
|
|
|
55
|
|
|
—
|
|
|
127
|
|
|
—
|
|
|
182
|
|
|
Cash and cash equivalents at beginning of period
|
|
|
44
|
|
|
1
|
|
|
212
|
|
|
—
|
|
|
257
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period
|
|
$
|
99
|
|
$
|
1
|
|
$
|
339
|
|
$
|
—
|
|
$
|
439
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the nine months ended September 30, 2016, we made a noncash capital contribution of approximately $215 million between Parent Company and Guarantor entities.
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 30, 2015
(In Millions)
|
|
|
Parent
Company
|
|
Guarantors
|
|
Nonguarantors
|
|
Eliminations
|
|
Consolidated
Huntsman
International LLC
|
|
|
Net cash (used in) provided by operating activities
|
|
$
|
(104
|
)
|
$
|
190
|
|
$
|
299
|
|
$
|
(2
|
)
|
$
|
383
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures
|
|
|
(51
|
)
|
|
(185
|
)
|
|
(218
|
)
|
|
—
|
|
|
(454
|
)
|
|
Cash received from unconsolidated affiliates
|
|
|
—
|
|
|
33
|
|
|
—
|
|
|
—
|
|
|
33
|
|
|
Investment in affiliate
|
|
|
9
|
|
|
1
|
|
|
—
|
|
|
(10
|
)
|
|
—
|
|
|
Investment in unconsolidated affiliates
|
|
|
—
|
|
|
(26
|
)
|
|
(12
|
)
|
|
—
|
|
|
(38
|
)
|
|
Acquisition of businesses, net of cash acquired
|
|
|
—
|
|
|
—
|
|
|
(14
|
)
|
|
—
|
|
|
(14
|
)
|
|
Cash received from purchase price adjustment for business acquired
|
|
|
18
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
18
|
|
|
Proceeds from sale of businesses/assets
|
|
|
—
|
|
|
—
|
|
|
1
|
|
|
—
|
|
|
1
|
|
|
Increase in receivable from affiliate
|
|
|
(1
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1
|
)
|
|
Cash received from termination of cross-currency interest rate contracts
|
|
|
66
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
66
|
|
|
Change in restricted cash
|
|
|
—
|
|
|
—
|
|
|
5
|
|
|
—
|
|
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities
|
|
|
41
|
|
|
(177
|
)
|
|
(238
|
)
|
|
(10
|
)
|
|
(384
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net repayments on overdraft facilities
|
|
|
—
|
|
|
—
|
|
|
(3
|
)
|
|
—
|
|
|
(3
|
)
|
|
Repayments of short-term debt
|
|
|
—
|
|
|
—
|
|
|
(17
|
)
|
|
—
|
|
|
(17
|
)
|
|
Borrowings on short-term debt
|
|
|
—
|
|
|
—
|
|
|
11
|
|
|
—
|
|
|
11
|
|
|
Repayments of long-term debt
|
|
|
(544
|
)
|
|
—
|
|
|
(50
|
)
|
|
—
|
|
|
(594
|
)
|
|
Proceeds from issuance of long-term debt
|
|
|
326
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
326
|
|
|
Repayments of notes payable to affiliate
|
|
|
(50
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(50
|
)
|
|
Proceeds from issuance of notes payable from affiliate
|
|
|
195
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
195
|
|
|
Repayments of notes payable
|
|
|
(23
|
)
|
|
—
|
|
|
(1
|
)
|
|
—
|
|
|
(24
|
)
|
|
Borrowings on notes payable
|
|
|
32
|
|
|
—
|
|
|
1
|
|
|
—
|
|
|
33
|
|
|
Debt issuance costs paid
|
|
|
(8
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(8
|
)
|
|
Call premiums related to early extinguishment of debt
|
|
|
(34
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(34
|
)
|
|
Contingent consideration paid for business acquired
|
|
|
(4
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(4
|
)
|
|
Contribution from parent
|
|
|
—
|
|
|
4
|
|
|
12
|
|
|
(16
|
)
|
|
—
|
|
|
Distribution to parent
|
|
|
—
|
|
|
(21
|
)
|
|
(11
|
)
|
|
32
|
|
|
—
|
|
|
Dividends paid to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(6
|
)
|
|
(6
|
)
|
|
Dividends paid to parent
|
|
|
(92
|
)
|
|
(1
|
)
|
|
—
|
|
|
1
|
|
|
(92
|
)
|
|
Excess tax benefit related to stock-based compensation
|
|
|
1
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1
|
|
|
Other, net
|
|
|
—
|
|
|
—
|
|
|
(1
|
)
|
|
1
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in financing activities
|
|
|
(201
|
)
|
|
(18
|
)
|
|
(59
|
)
|
|
12
|
|
|
(266
|
)
|
|
Effect of exchange rate changes on cash
|
|
|
—
|
|
|
—
|
|
|
(13
|
)
|
|
—
|
|
|
(13
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Decrease in cash and cash equivalents
|
|
|
(264
|
)
|
|
(5
|
)
|
|
(11
|
)
|
|
—
|
|
|
(280
|
)
|
|
Cash and cash equivalents at beginning of period
|
|
|
353
|
|
|
6
|
|
|
351
|
|
|
—
|
|
|
710
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period
|
|
$
|
89
|
|
$
|
1
|
|
$
|
340
|
|
$
|
—
|
|
$
|
430
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the nine months ended September 30, 2015, we made a noncash capital contribution of approximately $284 million between Guarantor and Nonguarantor entities and a noncash capital contribution of approximately $123 million between Parent Company and Guarantor entities.
|