Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.19.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents [1] $ 418 $ 340
Accounts and notes receivable (net of allowance for doubtful accounts of $20 and $21, respectively), ($325 and $341 pledged as collateral, respectively)(a) [1] 1,078 1,165
Accounts receivable from affiliates 12 18
Inventories [1] 961 1,000
Prepaid expenses 53 58
Other current assets [1] 99 145
Current assets held for sale 1,108 232
Total current assets 3,729 2,958
Property, plant and equipment, net [1] 2,324 2,353
Investment in unconsolidated affiliates 454 526
Intangible assets, net [1] 202 213
Goodwill 274 275
Deferred income taxes 309 324
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 356  
Other noncurrent assets [1] 433 393
Noncurrent assets held for sale   877
Total assets 8,115 7,953
Current liabilities:    
Accounts payable [1] 715 761
Accounts payable to affiliates 29 32
Accrued liabilities [1] 406 497
Current portion of debt [1] 132 96
Current operating lease liabilities [1] 37  
Current liabilities held for sale 586 225
Total current liabilities 1,905 1,611
Long-term debt [1] 2,204 2,224
Deferred income taxes 198 137
Noncurrent operating lease liabilities [1] 349  
Other noncurrent liabilities [1] 821 949
Noncurrent liabilities held for sale   283
Total liabilities 5,477 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, 257,299,669 and 256,006,849 shares issued and 224,690,660 and 232,994,172 shares outstanding, respectively 3 3
Additional paid-in capital 4,009 3,984
Treasury stock, 32,609,012 and 23,012,680 shares, respectively (623) (427)
Unearned stock-based compensation (21) (16)
Retained earnings 424 292
Accumulated other comprehensive loss (1,310) (1,316)
Total Huntsman Corporation stockholders' equity 2,482 2,520
Noncontrolling interests in subsidiaries 156 229
Total equity 2,638 2,749
Total liabilities and equity 8,115 7,953
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents [1] 417 340
Accounts and notes receivable (net of allowance for doubtful accounts of $20 and $21, respectively), ($325 and $341 pledged as collateral, respectively)(a) [1] 1,078 1,165
Accounts receivable from affiliates 408 399
Inventories [1] 961 1,000
Prepaid expenses 51 57
Other current assets [1] 102 147
Current assets held for sale 1,108 232
Total current assets 4,125 3,340
Property, plant and equipment, net [1] 2,324 2,353
Investment in unconsolidated affiliates 454 526
Intangible assets, net [1] 202 213
Goodwill 274 275
Deferred income taxes 309 324
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 356  
Other noncurrent assets [1] 433 393
Noncurrent assets held for sale   877
Total assets 8,511 8,335
Current liabilities:    
Accounts payable [1] 714 761
Accounts payable to affiliates 112 104
Accrued liabilities [1] 403 494
Notes payable to affiliates 100 100
Current portion of debt [1] 132 96
Current operating lease liabilities [1] 37  
Current liabilities held for sale 586 225
Total current liabilities 2,084 1,780
Long-term debt [1] 2,204 2,224
Notes payable to affiliates 291 488
Deferred income taxes 195 135
Noncurrent operating lease liabilities [1] 349  
Other noncurrent liabilities [1] 813 937
Noncurrent liabilities held for sale   283
Total liabilities 5,936 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 3,673 3,658
Retained earnings 47 (91)
Accumulated other comprehensive loss (1,301) (1,308)
Total Huntsman International LLC members' equity 2,419 2,259
Noncontrolling interests in subsidiaries 156 229
Total equity 2,575 2,488
Total liabilities and equity $ 8,511 $ 8,335
[1] At September 30, 2019 and December 31, 2018, respectively, $4 and $7 of cash and cash equivalents, $11 and $30 of accounts and notes receivable (net), $36 and $49 of inventories, nil and $5 of other current assets, $199 and $265 of property, plant and equipment (net), nil and $10 of intangible assets (net), $20 and $52 of other noncurrent assets, $85 and $123 of accounts payable, $15 and $30 of accrued liabilities, $30 and $25 of current portion of debt, $5 and nil of current operating lease liabilities, $42 and $61 of long-term debt, $13 and nil of noncurrent operating lease liabilities and $88 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.”