Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.19.1
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Assets and liabilities of VIE      
Current assets $ 3,136   $ 2,958
Property, plant and equipment, net [1] 3,055   3,064
Operating lease right-of-use assets 453    
Other noncurrent assets [1] 566   553
Deferred income taxes 292   324
Intangible assets [1] 215   219
Goodwill 277   275
Total assets 8,640   7,953
Current liabilities 1,718   1,611
Long-term debt [1] 2,323   2,224
Deferred income taxes 279   296
Noncurrent operating lease liabilities [1] 430    
Other noncurrent liabilities [1] 1,027   1,073
Total liabilities 5,777   5,204
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities      
Total revenues 2,034 $ 2,295  
Income from continuing operations before income taxes 182 289  
Net cash provided by operating activities (31) 163  
Rubicon, Arabian Amines, and Sasol Huntsman      
Assets and liabilities of VIE      
Current assets 118   92
Property, plant and equipment, net 266   265
Operating lease right-of-use assets 20    
Other noncurrent assets 153   136
Deferred income taxes 32   32
Intangible assets 10   10
Goodwill 13   14
Total assets 612   549
Current liabilities 169   178
Long-term debt 58   61
Deferred income taxes 11   11
Noncurrent operating lease liabilities 15    
Other noncurrent liabilities 97   97
Total liabilities 350   $ 347
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities      
Total revenues 36 37  
Income from continuing operations before income taxes 9 9  
Net cash provided by operating activities $ 31 $ 15  
Rubicon LLC      
Identification of variable interest entities through investments and transactions      
Variable interest entity ownership percentage 50.00%    
Arabian Amines Company      
Identification of variable interest entities through investments and transactions      
Variable interest entity ownership percentage 50.00%    
Sasol Huntsman GmbH and Co. KG      
Identification of variable interest entities through investments and transactions      
Variable interest entity ownership percentage 50.00%    
[1] At March 31, 2019 and December 31, 2018, respectively, $23 and $7 of cash and cash equivalents, $29 and $30 of accounts and notes receivable (net), $60 and $49 of inventories, $5 each of other current assets, $266 and $265 of property, plant and equipment (net), $10 each of intangible assets (net), $51 and $52 of other noncurrent assets, $113 and $123 of accounts payable, $25 and $30 of accrued liabilities, $27 and $25 of current portion of debt, $5 and nil of current operating lease liabilities, $58 and $61 of longterm debt, $15 and nil of noncurrent operating lease liabilities and $97 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.”