Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents [1] $ 340 $ 470
Restricted cash [1]   11
Accounts and notes receivable (net of allowance for doubtful accounts of $22 and $25, respectively), ($341 and $334 pledged as collateral, respectively) [1] 1,254 1,256
Accounts receivable from affiliates 18 27
Inventories [1] 1,134 1,073
Prepaid expenses 66 60
Other current assets [1] 146 202
Current assets held for sale   2,880
Total current assets 2,958 5,979
Property, plant and equipment, net [1] 3,064 3,098
Investment in unconsolidated affiliates 526 266
Intangible assets, net [1] 219 56
Goodwill 275 140
Deferred income taxes 324 208
Notes receivable from affiliate 34  
Other noncurrent assets [1] 553 497
Total assets 7,953 10,244
Current liabilities:    
Accounts payable [1] 929 946
Accounts payable to affiliates 32 18
Accrued liabilities [1] 554 569
Current portion of debt [1] 96 40
Current liabilities held for sale   1,692
Total current liabilities 1,611 3,265
Long-term debt [1] 2,224 2,258
Deferred income taxes 296 264
Other noncurrent liabilities [1] 1,073 1,086
Total liabilities 5,204 6,873
Commitments and contingencies (Notes 19 and 20)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 256,006,849 and 252,759,715 shares issued and 232,994,172 and 240,213,606 shares outstanding, respectively 3 3
Additional paid-in capital 3,984 3,889
Treasury stock, 23,012,680 and 12,607,223 shares, respectively (427) (150)
Unearned stock-based compensation (16) (15)
Retained earnings (accumulated deficit) 292 161
Accumulated other comprehensive loss (1,316) (1,268)
Total Huntsman Corporation stockholders' equity 2,520 2,620
Noncontrolling interests in subsidiaries 229 751
Total equity 2,749 3,371
Total liabilities and equity 7,953 10,244
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents [1] 340 468
Restricted cash [1]   11
Accounts and notes receivable (net of allowance for doubtful accounts of $22 and $25, respectively), ($341 and $334 pledged as collateral, respectively) [1] 1,254 1,255
Accounts receivable from affiliates 399 373
Inventories [1] 1,134 1,073
Prepaid expenses 65 59
Other current assets [1] 148 204
Current assets held for sale   2,880
Total current assets 3,340 6,323
Property, plant and equipment, net [1] 3,064 3,095
Investment in unconsolidated affiliates 526 266
Intangible assets, net [1] 219 56
Goodwill 275 140
Deferred income taxes 324 208
Notes receivable from affiliate 34  
Other noncurrent assets [1] 553 497
Total assets 8,335 10,585
Current liabilities:    
Accounts payable [1] 929 946
Accounts payable to affiliates 104 70
Accrued liabilities [1] 551 566
Notes payable to affiliates 100 100
Current portion of debt [1] 96 40
Current liabilities held for sale   1,692
Total current liabilities 1,780 3,414
Long-term debt [1] 2,224 2,258
Notes payable to affiliates 488 742
Deferred income taxes 294 265
Other noncurrent liabilities [1] 1,061 1,072
Total liabilities 5,847 7,751
Commitments and contingencies (Notes 19 and 20)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,658 3,616
Retained earnings (accumulated deficit) (91) (270)
Accumulated other comprehensive loss (1,308) (1,263)
Total Huntsman International LLC members' equity 2,259 2,083
Noncontrolling interests in subsidiaries 229 751
Total equity 2,488 2,834
Total liabilities and equity $ 8,335 $ 10,585
[1] At December 31, 2018 and December 31, 2017, respectively, $7 and $15 of cash and cash equivalents, nil and $11 of restricted cash, 30 and $35 of accounts and notes receivable (net), $49 and $46 of inventories, $5 and $7 of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $52 and $43 of other noncurrent assets, $123 and $109 of accounts payable, $30 and $32 of accrued liabilities, $25 and $21 of current portion of debt, $61 and $86 of longterm debt, and $97 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”