Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents [1] $ 457 $ 414
Restricted cash [1] 12 11
Accounts and notes receivable (net of allowance for doubtful accounts of $28 and $27, respectively), ($460 and $437 pledged as collateral, respectively) [1] 1,471 1,402
Accounts receivable from affiliates 37 33
Inventories [1] 1,486 1,344
Prepaid expenses 63 60
Other current assets [1] 309 291
Total current assets 3,835 3,555
Property, plant and equipment, net [1] 4,186 4,212
Investment in unconsolidated affiliates 336 332
Intangible assets, net [1] 82 66
Goodwill 122 121
Deferred income taxes 412 396
Other noncurrent assets [1] 515 507
Total assets 9,488 9,189
Current liabilities:    
Accounts payable [1] 1,125 1,071
Accounts payable to affiliates 37 31
Accrued liabilities [1] 632 616
Current portion of debt [1] 61 60
Total current liabilities 1,855 1,778
Long-term debt [1] 4,161 4,135
Notes payable to affiliates   1
Deferred income taxes 437 427
Other noncurrent liabilities [1] 1,386 1,381
Total liabilities 7,839 7,722
Commitments and contingencies (Notes 13 and 14)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 252,328,698 and 250,802,175 issued and 235,152,916 and 236,370,347 shares outstanding, respectively 3 3
Additional paid-in capital 3,504 3,447
Treasury stock, 12,607,223 shares (150) (150)
Unearned stock-based compensation (29) (17)
Accumulated deficit (300) (325)
Accumulated other comprehensive loss (1,576) (1,671)
Total Huntsman Corporation stockholders' equity 1,452 1,287
Noncontrolling interests in subsidiaries 197 180
Total equity 1,649 1,467
Total liabilities and equity 9,488 9,189
Huntsman International    
Current assets:    
Cash and cash equivalents [1] 454 413
Restricted cash [1] 12 11
Accounts and notes receivable (net of allowance for doubtful accounts of $28 and $27, respectively), ($460 and $437 pledged as collateral, respectively) [1] 1,471 1,402
Accounts receivable from affiliates 362 347
Inventories [1] 1,486 1,344
Prepaid expenses 62 60
Other current assets [1] 304 286
Total current assets 4,151 3,863
Property, plant and equipment, net [1] 4,167 4,190
Investment in unconsolidated affiliates 336 332
Intangible assets, net [1] 82 66
Goodwill 122 121
Deferred income taxes 412 396
Other noncurrent assets [1] 514 507
Total assets 9,784 9,475
Current liabilities:    
Accounts payable [1] 1,125 1,070
Accounts payable to affiliates 75 66
Accrued liabilities [1] 629 613
Notes payable to affiliates 100 100
Current portion of debt [1] 61 60
Total current liabilities 1,990 1,909
Long-term debt [1] 4,161 4,135
Notes payable to affiliates 711 697
Deferred income taxes 433 423
Other noncurrent liabilities [1] 1,385 1,375
Total liabilities 8,680 8,539
Commitments and contingencies (Notes 13 and 14)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,235 3,226
Accumulated deficit (734) (779)
Accumulated other comprehensive loss (1,594) (1,691)
Total Huntsman International LLC members' equity 907 756
Noncontrolling interests in subsidiaries 197 180
Total equity 1,104 936
Total liabilities and equity $ 9,784 $ 9,475
[1] At March 31, 2017 and December 31, 2016, respectively, $28 and $25 of cash and cash equivalents, $10 each of restricted cash, $33 and $27 of accounts and notes receivable (net), $42 and $46 of inventories, $6 and $5 of other current assets, $279 and $284 of property, plant and equipment (net), $32 and $31 of intangible assets (net), $37 each of other noncurrent assets, $86 and $90 of accounts payable, $32 and $34 of accrued liabilities, $21 and $14 of current portion of debt, $104 and $114 of longterm debt, and $77 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”