Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents [1] $ 440 $ 385
Restricted cash [1] 11 11
Accounts and notes receivable (net of allowance for doubtful accounts of $24 and $23, respectively), ($369 and $328 pledged as collateral, respectively) [1] 1,223 1,168
Accounts receivable from affiliates 24 15
Inventories [1] 1,084 918
Prepaid expenses 47 49
Other current assets [1] 193 232
Current assets held for sale 2,745 777
Total current assets 5,767 3,555
Property, plant and equipment, net [1] 3,035 3,034
Investment in unconsolidated affiliates 255 248
Intangible assets, net [1] 56 43
Goodwill 139 121
Deferred income taxes 268 253
Other noncurrent assets [1] 463 472
Noncurrent assets held for sale   1,463
Total assets 9,983 9,189
Current liabilities:    
Accounts payable [1] 871 774
Accounts payable to affiliates 20 16
Accrued liabilities [1] 537 471
Current portion of debt [1] 29 50
Current liabilities held for sale 1,633 467
Total current liabilities 3,090 1,778
Long-term debt [1] 2,845 4,122
Notes payable to affiliates   1
Deferred income taxes 426 371
Other noncurrent liabilities [1] 1,031 1,057
Noncurrent liabilities held for sale   393
Total liabilities 7,392 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, 252,529,511 and 250,802,175 shares issued and 238,609,819 and 236,370,347 shares outstanding, respectively 3 3
Additional paid-in capital 3,683 3,447
Treasury stock, 12,607,223 shares (150) (150)
Unearned stock-based compensation (19) (17)
Accumulated deficit (48) (325)
Accumulated other comprehensive loss (1,358) (1,671)
Total Huntsman Corporation stockholders' equity 2,111 1,287
Noncontrolling interests in subsidiaries 480 180
Total equity 2,591 1,467
Total liabilities and equity 9,983 9,189
Huntsman International    
Current assets:    
Cash and cash equivalents [1] 438 384
Restricted cash [1] 11 11
Accounts and notes receivable (net of allowance for doubtful accounts of $24 and $23, respectively), ($369 and $328 pledged as collateral, respectively) [1] 1,222 1,168
Accounts receivable from affiliates 353 329
Inventories [1] 1,084 918
Prepaid expenses 46 49
Other current assets [1] 193 227
Current assets held for sale 2,745 777
Total current assets 6,092 3,863
Property, plant and equipment, net [1] 3,031 3,012
Investment in unconsolidated affiliates 255 248
Intangible assets, net [1] 57 43
Goodwill 139 121
Deferred income taxes 268 253
Other noncurrent assets [1] 464 472
Noncurrent assets held for sale   1,463
Total assets 10,306 9,475
Current liabilities:    
Accounts payable [1] 871 773
Accounts payable to affiliates 67 51
Accrued liabilities [1] 538 468
Notes payable to affiliates 100 100
Current portion of debt [1] 29 50
Current liabilities held for sale 1,633 467
Total current liabilities 3,238 1,909
Long-term debt [1] 2,845 4,122
Notes payable to affiliates 717 697
Deferred income taxes 421 367
Other noncurrent liabilities [1] 1,030 1,051
Noncurrent liabilities held for sale   393
Total liabilities 8,251 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 3,412 3,226
Accumulated deficit (483) (779)
Accumulated other comprehensive loss (1,354) (1,691)
Total Huntsman International LLC members' equity 1,575 756
Noncontrolling interests in subsidiaries 480 180
Total equity 2,055 936
Total liabilities and equity $ 10,306 $ 9,475
[1] At September 30, 2017 and December 31, 2016, respectively, $35 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $29 and $21 of accounts and notes receivable (net), $42 and $45 of inventories, $6 and $5 of other current assets, $272 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $39 and $37 of other noncurrent assets, $81 and $89 of accounts payable, $29 and $30 of accrued liabilities, $20 and $12 of current portion of debt, $94 and $114 of longterm debt, and $80 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.”