Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents [1] $ 470 $ 385
Restricted cash [1] 11 11
Accounts and notes receivable (net of allowance for doubtful accounts of $25 and $23, respectively), ($334 and $328 pledged as collateral, respectively) [1] 1,256 1,168
Accounts receivable from affiliates 27 15
Inventories [1] 1,073 918
Prepaid expenses 60 49
Other current assets [1] 202 232
Current assets held for sale 2,880 777
Total current assets 5,979 3,555
Property, plant and equipment, net [1] 3,098 3,034
Investment in unconsolidated affiliates 266 248
Intangible assets, net [1] 56 43
Goodwill 140 121
Deferred income taxes 208 253
Other noncurrent assets [1] 497 472
Noncurrent assets held for sale   1,463
Total assets 10,244 9,189
Current liabilities:    
Accounts payable [1] 946 774
Accounts payable to affiliates 18 16
Accrued liabilities [1] 569 471
Current portion of debt [1] 40 50
Current liabilities held for sale 1,692 467
Total current liabilities 3,265 1,778
Long-term debt [1] 2,258 4,122
Notes payable to affiliates   1
Deferred income taxes 264 371
Other noncurrent liabilities [1] 1,086 1,057
Noncurrent liabilities held for sale   393
Total liabilities 6,873 7,722
Commitments and contingencies (Notes 18 and 19)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 252,759,715 and 250,802,175 shares issued and 240,213,606 and 236,370,347 shares outstanding, respectively 3 3
Additional paid-in capital 3,889 3,447
Treasury stock, 12,607,223 shares (150) (150)
Unearned stock-based compensation (15) (17)
Retained earnings (accumulated deficit) 161 (325)
Accumulated other comprehensive loss (1,268) (1,671)
Total Huntsman Corporation stockholders' equity 2,620 1,287
Noncontrolling interests in subsidiaries 751 180
Total equity 3,371 1,467
Total liabilities and equity 10,244 9,189
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents [1] 468 384
Restricted cash [1] 11 11
Accounts and notes receivable (net of allowance for doubtful accounts of $25 and $23, respectively), ($334 and $328 pledged as collateral, respectively) [1] 1,255 1,168
Accounts receivable from affiliates 373 329
Inventories [1] 1,073 918
Prepaid expenses 59 49
Other current assets [1] 204 227
Current assets held for sale 2,880 777
Total current assets 6,323 3,863
Property, plant and equipment, net [1] 3,095 3,012
Investment in unconsolidated affiliates 266 248
Intangible assets, net [1] 56 43
Goodwill 140 121
Deferred income taxes 208 253
Other noncurrent assets [1] 497 472
Noncurrent assets held for sale   1,463
Total assets 10,585 9,475
Current liabilities:    
Accounts payable [1] 946 773
Accounts payable to affiliates 70 51
Accrued liabilities [1] 566 468
Notes payable to affiliates 100 100
Current portion of debt [1] 40 50
Current liabilities held for sale 1,692 467
Total current liabilities 3,414 1,909
Long-term debt [1] 2,258 4,122
Notes payable to affiliates 742 697
Deferred income taxes 265 367
Other noncurrent liabilities [1] 1,072 1,051
Noncurrent liabilities held for sale   393
Total liabilities 7,751 8,539
Commitments and contingencies (Notes 18 and 19)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,616 3,226
Retained earnings (accumulated deficit) (270) (779)
Accumulated other comprehensive loss (1,263) (1,691)
Total Huntsman International LLC members' equity 2,083 756
Noncontrolling interests in subsidiaries 751 180
Total equity 2,834 936
Total liabilities and equity $ 10,585 $ 9,475
[1] At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”