Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents [1] $ 408 $ 470
Restricted cash [1] 1 11
Accounts and notes receivable (net of allowance for doubtful accounts of $25 for both), ($391 and $334 pledged as collateral, respectively) [1] 1,355 1,256
Accounts receivable from affiliates 22 27
Inventories [1] 1,178 1,073
Prepaid expenses 59 60
Other current assets [1] 192 202
Current assets held for sale 3,158 2,880
Total current assets 6,373 5,979
Property, plant and equipment, net [1] 3,014 3,098
Investment in unconsolidated affiliates 296 266
Intangible assets, net [1] 118 56
Goodwill 393 140
Deferred income taxes 299 208
Other noncurrent assets [1] 561 497
Total assets 11,054 10,244
Current liabilities:    
Accounts payable [1] 962 946
Accounts payable to affiliates 31 18
Accrued liabilities [1] 469 569
Current portion of debt [1] 255 40
Current liabilities held for sale 1,578 1,692
Total current liabilities 3,295 3,265
Long-term debt [1] 2,311 2,258
Deferred income taxes 293 264
Other noncurrent liabilities [1] 1,085 1,086
Total liabilities 6,984 6,873
Commitments and contingencies (Notes 15 and 16)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 255,764,896 and 252,759,715 shares issued and 238,525,273 and 240,213,606 shares outstanding, respectively 3 3
Additional paid-in capital 3,977 3,889
Treasury stock, 17,239,625 and 12,607,223 shares, respectively (288) (150)
Unearned stock-based compensation (22) (15)
Retained earnings (accumulated deficit) 724 161
Accumulated other comprehensive loss (1,330) (1,268)
Total Huntsman Corporation stockholders' equity 3,064 2,620
Noncontrolling interests in subsidiaries 1,006 751
Total equity 4,070 3,371
Total liabilities and equity 11,054 10,244
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents [1] 407 468
Restricted cash [1] 1 11
Accounts and notes receivable (net of allowance for doubtful accounts of $25 for both), ($391 and $334 pledged as collateral, respectively) [1] 1,355 1,255
Accounts receivable from affiliates 402 373
Inventories [1] 1,178 1,073
Prepaid expenses 59 59
Other current assets [1] 194 204
Current assets held for sale 3,158 2,880
Total current assets 6,754 6,323
Property, plant and equipment, net [1] 3,013 3,095
Investment in unconsolidated affiliates 296 266
Intangible assets, net [1] 118 56
Goodwill 393 140
Deferred income taxes 299 208
Other noncurrent assets [1] 563 497
Total assets 11,436 10,585
Current liabilities:    
Accounts payable [1] 962 946
Accounts payable to affiliates 93 70
Accrued liabilities [1] 463 566
Notes payable to affiliates 100 100
Current portion of debt [1] 255 40
Current liabilities held for sale 1,578 1,692
Total current liabilities 3,451 3,414
Long-term debt [1] 2,311 2,258
Notes payable to affiliates 627 742
Deferred income taxes 295 265
Other noncurrent liabilities [1] 1,078 1,072
Total liabilities 7,762 7,751
Commitments and contingencies (Notes 15 and 16)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,646 3,616
Retained earnings (accumulated deficit) 344 (270)
Accumulated other comprehensive loss (1,322) (1,263)
Total Huntsman International LLC members' equity 2,668 2,083
Noncontrolling interests in subsidiaries 1,006 751
Total equity 3,674 2,834
Total liabilities and equity $ 11,436 $ 10,585
[1] At June 30, 2018 and December 31, 2017, respectively, $9 and $15 of cash and cash equivalents, nil and $11 of restricted cash, $35 each of accounts and notes receivable (net), $55 and $46 of inventories, $6 and $7 of other current assets, $258 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $55 and $43 of other noncurrent assets, $94 and $109 of accounts payable, $29 and $32 of accrued liabilities, $23 and $21 of current portion of debt, $74 and $86 of longterm debt, and $98 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”