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, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents [1] $ 444 $ 470
Restricted cash [1] 9 11
Accounts and notes receivable (net of allowance for doubtful accounts of $27 and $25, respectively), ($415 and $334 pledged as collateral, respectively) [1] 1,374 1,256
Accounts receivable from affiliates 33 27
Inventories [1] 1,203 1,073
Prepaid expenses 69 60
Other current assets [1] 193 202
Current assets held for sale 3,060 2,880
Total current assets 6,385 5,979
Property, plant and equipment, net [1] 3,117 3,098
Investment in unconsolidated affiliates 284 266
Intangible assets, net [1] 55 56
Goodwill 141 140
Deferred income taxes 212 208
Other noncurrent assets [1] 509 497
Total assets 10,703 10,244
Current liabilities:    
Accounts payable [1] 961 946
Accounts payable to affiliates 32 18
Accrued liabilities [1] 533 569
Current portion of debt [1] 36 40
Current liabilities held for sale 1,721 1,692
Total current liabilities 3,283 3,265
Long-term debt [1] 2,298 2,258
Deferred income taxes 269 264
Other noncurrent liabilities [1] 1,084 1,086
Total liabilities 6,934 6,873
Commitments and contingencies (Notes 14 and 15)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 254,124,395 and 252,759,715 shares issued and 239,831,871 and 240,213,606 shares outstanding, respectively 3 3
Additional paid-in capital 3,939 3,889
Treasury stock, 14,292,523 and 12,607,223 shares, respectively (201) (150)
Unearned stock-based compensation (26) (15)
Retained earnings 393 161
Accumulated other comprehensive loss (1,198) (1,268)
Total Huntsman Corporation stockholders' equity 2,910 2,620
Noncontrolling interests in subsidiaries 859 751
Total equity 3,769 3,371
Total liabilities and equity 10,703 10,244
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents [1] 444 468
Restricted cash [1] 9 11
Accounts and notes receivable (net of allowance for doubtful accounts of $27 and $25, respectively), ($415 and $334 pledged as collateral, respectively) [1] 1,374 1,255
Accounts receivable from affiliates 393 373
Inventories [1] 1,203 1,073
Prepaid expenses 68 59
Other current assets [1] 196 204
Current assets held for sale 3,060 2,880
Total current assets 6,747 6,323
Property, plant and equipment, net [1] 3,115 3,095
Investment in unconsolidated affiliates 284 266
Intangible assets, net [1] 55 56
Goodwill 141 140
Deferred income taxes 212 208
Other noncurrent assets [1] 511 497
Total assets 11,065 10,585
Current liabilities:    
Accounts payable [1] 961 946
Accounts payable to affiliates 89 70
Accrued liabilities [1] 531 566
Notes payable to affiliates 100 100
Current portion of debt [1] 36 40
Current liabilities held for sale 1,721 1,692
Total current liabilities 3,438 3,414
Long-term debt [1] 2,298 2,258
Notes payable to affiliates 702 742
Deferred income taxes 271 265
Other noncurrent liabilities [1] 1,077 1,072
Total liabilities 7,786 7,751
Commitments and contingencies (Notes 14 and 15)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,639 3,616
Retained earnings (28) (270)
Accumulated other comprehensive loss (1,191) (1,263)
Total Huntsman International LLC members' equity 2,420 2,083
Noncontrolling interests in subsidiaries 859 751
Total equity 3,279 2,834
Total liabilities and equity $ 11,065 $ 10,585
[1] At March 31, 2018 and December 31, 2017, respectively, $13 and $15 of cash and cash equivalents, $9 and $11 of restricted cash, $38 and $35 of accounts and notes receivable (net), $52 and $46 of inventories, $7 each of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $57 and $43 of other noncurrent assets, $91 and $109 of accounts payable, $32 each of accrued liabilities, $22 and $21 of current portion of debt, $83 and $86 of longterm debt, and $99 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”