Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents [1] $ 414 $ 257
Restricted cash [1] 11 12
Accounts and notes receivable (net of allowance for doubtful accounts of $27 and $26, respectively), ($437 and $438 pledged as collateral, respectively) [1] 1,402 1,420
Accounts receivable from affiliates 33 29
Inventories [1] 1,344 1,692
Prepaid expenses 60 112
Other current assets [1] 291 312
Total current assets 3,555 3,834
Property, plant and equipment, net [1] 4,212 4,446
Investment in unconsolidated affiliates 332 347
Intangible assets, net [1] 66 86
Goodwill 121 116
Deferred income taxes 396 418
Other noncurrent assets [1] 507 573
Total assets 9,189 9,820
Current liabilities:    
Accounts payable [1] 1,071 1,034
Accounts payable to affiliates 31 27
Accrued liabilities [1] 616 686
Current portion of debt [1] 60 170
Total current liabilities 1,778 1,917
Long-term debt [1] 4,135 4,625
Notes payable to affiliates 1 1
Deferred income taxes 427 422
Other noncurrent liabilities [1] 1,381 1,226
Total liabilities 7,722 8,191
Commitments and contingencies (Notes 20 and 21)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 250,802,175 and 249,483,541 issued and 236,370,347 and 237,080,026 outstanding in 2016 and 2015, respectively 3 3
Additional paid-in capital 3,447 3,407
Treasury stock, 12,607,223 and 11,162,454 shares in 2016 and 2015, respectively (150) (135)
Unearned stock-based compensation (17) (17)
Accumulated deficit (325) (528)
Accumulated other comprehensive loss (1,671) (1,288)
Total Huntsman Corporation stockholders' equity 1,287 1,442
Noncontrolling interests in subsidiaries 180 187
Total equity 1,467 1,629
Total liabilities and equity 9,189 9,820
Huntsman International    
Current assets:    
Cash and cash equivalents [1] 413 257
Restricted cash [1] 11 12
Accounts and notes receivable (net of allowance for doubtful accounts of $27 and $26, respectively), ($437 and $438 pledged as collateral, respectively) [1] 1,402 1,420
Accounts receivable from affiliates 347 340
Inventories [1] 1,344 1,692
Prepaid expenses 60 111
Other current assets [1] 286 306
Total current assets 3,863 4,138
Property, plant and equipment, net [1] 4,190 4,410
Investment in unconsolidated affiliates 332 347
Intangible assets, net [1] 66 86
Goodwill 121 116
Deferred income taxes 396 418
Other noncurrent assets [1] 507 573
Total assets 9,475 10,088
Current liabilities:    
Accounts payable [1] 1,070 1,034
Accounts payable to affiliates 66 52
Accrued liabilities [1] 613 683
Notes payable to affiliates 100 100
Current portion of debt 60 170
Total current liabilities 1,909 2,039
Long-term debt [1] 4,135 4,625
Notes payable to affiliates 697 698
Deferred income taxes 423 418
Other noncurrent liabilities [1] 1,375 1,224
Total liabilities 8,539 9,004
Commitments and contingencies (Notes 20 and 21)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,226 3,196
Accumulated deficit (779) (983)
Accumulated other comprehensive loss (1,691) (1,316)
Total Huntsman International LLC members' equity 756 897
Noncontrolling interests in subsidiaries 180 187
Total equity 936 1,084
Total liabilities and equity $ 9,475 $ 10,088
[1] At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”