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, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents [1] $ 449 $ 340
Accounts and notes receivable (net of allowance for doubtful accounts of $21 and $22, respectively), ($372 and $341 pledged as collateral, respectively) [1] 1,296 1,254
Accounts receivable from affiliates 14 18
Inventories [1] 1,094 1,134
Prepaid expenses 59 66
Other current assets [1] 101 146
Total current assets 3,013 2,958
Property, plant and equipment, net [1] 3,047 3,064
Investment in unconsolidated affiliates 596 526
Intangible assets, net [1] 212 219
Goodwill 275 275
Deferred income taxes 293 324
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 445  
Other noncurrent assets [1] 585 553
Total assets 8,500 7,953
Current liabilities:    
Accounts payable [1] 898 929
Accounts payable to affiliates 27 32
Accrued liabilities [1] 437 554
Current portion of long-term debt [1] 228 96
Current operating lease liabilities [1] 60  
Total current liabilities 1,650 1,611
Long-term debt [1] 2,277 2,224
Deferred income taxes 324 296
Noncurrent operating lease liabilities [1] 419  
Other noncurrent liabilities [1] 1,010 1,073
Total liabilities 5,680 5,204
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, 257,253,501 and 256,006,849 shares issued and 228,700,570 and 232,994,172 shares outstanding, respectively 3 3
Additional paid-in capital 4,013 3,984
Treasury stock, 28,552,934 and 23,012,680 shares, respectively (542) (427)
Unearned stock-based compensation (24) (16)
Retained earnings (accumulated deficit) 432 292
Accumulated other comprehensive loss (1,271) (1,316)
Total Huntsman Corporation stockholders' equity 2,611 2,520
Noncontrolling interests in subsidiaries 209 229
Total equity 2,820 2,749
Total liabilities and equity 8,500 7,953
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents [1] 449 340
Accounts and notes receivable (net of allowance for doubtful accounts of $21 and $22, respectively), ($372 and $341 pledged as collateral, respectively) [1] 1,296 1,254
Accounts receivable from affiliates 409 399
Inventories [1] 1,094 1,134
Prepaid expenses 59 65
Other current assets [1] 103 148
Total current assets 3,410 3,340
Property, plant and equipment, net [1] 3,047 3,064
Investment in unconsolidated affiliates 596 526
Intangible assets, net [1] 212 219
Goodwill 275 275
Deferred income taxes 293 324
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 445  
Other noncurrent assets [1] 584 553
Total assets 8,896 8,335
Current liabilities:    
Accounts payable [1] 898 929
Accounts payable to affiliates 107 104
Accrued liabilities [1] 434 551
Notes payable to affiliates 100 100
Current portion of long-term debt [1] 228 96
Current operating lease liabilities [1] 60  
Total current liabilities 1,827 1,780
Long-term debt [1] 2,277 2,224
Notes payable to affiliates 373 488
Deferred income taxes 321 294
Noncurrent operating lease liabilities [1] 419  
Other noncurrent liabilities [1] 1,003 1,061
Total liabilities 6,220 5,847
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 3,672 3,658
Retained earnings (accumulated deficit) 57 (91)
Accumulated other comprehensive loss (1,262) (1,308)
Total Huntsman International LLC members' equity 2,467 2,259
Noncontrolling interests in subsidiaries 209 229
Total equity 2,676 2,488
Total liabilities and equity $ 8,896 $ 8,335
[1] At June 30, 2019 and December 31, 2018, respectively, $19 and $7 of cash and cash equivalents, $29 and $30 of accounts and notes receivable (net), $38 and $49 of inventories, $5 each of other current assets, $263 and $265 of property, plant and equipment (net), $10 each of intangible assets (net), $44 and $52 of other noncurrent assets, $97 and $123 of accounts payable, $25 and $30 of accrued liabilities, $36 and $25 of current portion of debt, $5 and nil of current operating lease liabilities, $45 and $61 of long-term debt, $14 and nil of noncurrent operating lease liabilities and $95 and $97 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”