Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

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VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2019
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Assets and liabilities of VIE            
Current assets   $ 3,013   $ 3,013   $ 2,958
Property, plant and equipment, net [1]   3,047   3,047   3,064
Operating lease right-of-use assets   445   445    
Other noncurrent assets [1]   585   585   553
Deferred income taxes   293   293   324
Intangible assets [1]   212   212   219
Goodwill   275   275   275
Total assets   8,500   8,500   7,953
Current liabilities   1,650   1,650   1,611
Long-term debt [1]   2,277   2,277   2,224
Deferred income taxes   324   324   296
Noncurrent operating lease liabilities [1]   419   419    
Other noncurrent liabilities [1]   1,010   1,010   1,073
Total liabilities   5,680   5,680   5,204
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities            
Total revenues   2,194 $ 2,404 4,228 $ 4,699  
Income from continuing operations before income taxes   170 293 352 582  
Net cash provided by operating activities       273 640  
Rubicon, Arabian Amines, and Sasol Huntsman            
Assets and liabilities of VIE            
Current assets   92   92   92
Property, plant and equipment, net   263   263   265
Operating lease right-of-use assets   19   19    
Other noncurrent assets   152   152   136
Deferred income taxes   32   32   32
Intangible assets   10   10   10
Goodwill   13   13   14
Total assets   581   581   549
Current liabilities   162   162   178
Long-term debt   45   45   61
Deferred income taxes   11   11   11
Noncurrent operating lease liabilities   14   14    
Other noncurrent liabilities   95   95   97
Total liabilities   327   327   $ 347
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities            
Total revenues   31 39 67 77  
Income from continuing operations before income taxes   4 9 13 19  
Net cash provided by operating activities   $ 29 $ 14 $ 60 $ 29  
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%    
Percentage of remaining interest to be acquired 50.00%          
[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.”