Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents [1] $ 446 $ 470
Restricted cash [1]   11
Accounts and notes receivable (net of allowance for doubtful accounts of $24 and $25, respectively), ($402 and $334 pledged as collateral, respectively) [1] 1,379 1,256
Accounts receivable from affiliates 15 27
Inventories [1] 1,231 1,073
Prepaid expenses 50 60
Other current assets [1] 180 202
Current assets held for sale 2,916 2,880
Total current assets 6,217 5,979
Property, plant and equipment, net [1] 3,004 3,098
Investment in unconsolidated affiliates 303 266
Intangible assets, net [1] 119 56
Goodwill 388 140
Deferred income taxes 300 208
Other noncurrent assets [1] 565 497
Total assets 10,896 10,244
Current liabilities:    
Accounts payable [1] 964 946
Accounts payable to affiliates 34 18
Accrued liabilities [1] 540 569
Current portion of debt [1] 200 40
Current liabilities held for sale 1,564 1,692
Total current liabilities 3,302 3,265
Long-term debt [1] 2,277 2,258
Deferred income taxes 280 264
Other noncurrent liabilities [1] 1,073 1,086
Total liabilities 6,932 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, 255,949,032 and 252,759,715 shares issued and 237,446,147 and 240,213,606 shares outstanding, respectively 3 3
Additional paid-in capital 3,982 3,889
Treasury stock, 18,502,888 and 12,607,223 shares, respectively (325) (150)
Unearned stock-based compensation (19) (15)
Retained earnings (accumulated deficit) 671 161
Accumulated other comprehensive loss (1,354) (1,268)
Total Huntsman Corporation stockholders' equity 2,958 2,620
Noncontrolling interests in subsidiaries 1,006 751
Total equity 3,964 3,371
Total liabilities and equity 10,896 10,244
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents [1] 445 468
Restricted cash [1]   11
Accounts and notes receivable (net of allowance for doubtful accounts of $24 and $25, respectively), ($402 and $334 pledged as collateral, respectively) [1] 1,379 1,255
Accounts receivable from affiliates 396 373
Inventories [1] 1,231 1,073
Prepaid expenses 49 59
Other current assets [1] 187 204
Current assets held for sale 2,916 2,880
Total current assets 6,603 6,323
Property, plant and equipment, net [1] 3,003 3,095
Investment in unconsolidated affiliates 303 266
Intangible assets, net [1] 119 56
Goodwill 388 140
Deferred income taxes 300 208
Other noncurrent assets [1] 566 497
Total assets 11,282 10,585
Current liabilities:    
Accounts payable [1] 964 946
Accounts payable to affiliates 101 70
Accrued liabilities [1] 537 566
Notes payable to affiliates 100 100
Current portion of debt [1] 200 40
Current liabilities held for sale 1,564 1,692
Total current liabilities 3,466 3,414
Long-term debt [1] 2,277 2,258
Notes payable to affiliates 589 742
Deferred income taxes 283 265
Other noncurrent liabilities [1] 1,063 1,072
Total liabilities 7,678 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 3,653 3,616
Retained earnings (accumulated deficit) 291 (270)
Accumulated other comprehensive loss (1,346) (1,263)
Total Huntsman International LLC members' equity 2,598 2,083
Noncontrolling interests in subsidiaries 1,006 751
Total equity 3,604 2,834
Total liabilities and equity $ 11,282 $ 10,585
[1] At September 30, 2018 and December 31, 2017, respectively, $23 and $15 of cash and cash equivalents, nil and $11 of restricted cash, $32 and $35 of accounts and notes receivable (net), $56 and $46 of inventories, $6 and $7 of other current assets, $257 and $283 of property, plant and equipment (net), $11 and $10 of intangible assets (net), $54 and $43 of other noncurrent assets, $91 and $109 of accounts payable, $33 and $32 of accrued liabilities, $23 and $21 of current portion of debt, $71 and $86 of longterm debt, and $94 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”