Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.19.3
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 29, 2019
Sep. 30, 2018
Dec. 31, 2018
Assets and liabilities of VIE              
Current assets $ 3,729 $ 3,729   $ 3,729     $ 2,958
Property, plant and equipment, net [1] 2,324 2,324   2,324     2,353
Operating lease right-of-use assets 356 356   356      
Other noncurrent assets [1] 433 433   433     393
Deferred income taxes 309 309   309     324
Intangible assets [1] 202 202   202     213
Goodwill 274 274   274     275
Total assets 8,115 8,115   8,115     7,953
Current liabilities 1,905 1,905   1,905     1,611
Long-term debt [1] 2,204 2,204   2,204     2,224
Deferred income taxes 198 198   198     137
Noncurrent operating lease liabilities [1] 349 349   349      
Other noncurrent liabilities [1] 821 821   821     949
Total liabilities $ 5,477 5,477   5,477     5,204
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities              
Total revenues   1,687 $ 1,968 5,140   $ 5,783  
Income from continuing operations before income taxes   3 213 277   669  
Net cash provided by operating activities       656   934  
Sasol Huntsman GmbH and Co. KG              
Identification of variable interest entities through investments and transactions              
Percentage of joint interest acquired 50.00%            
Rubicon, Arabian Amines, and Sasol Huntsman              
Assets and liabilities of VIE              
Current assets $ 51 51   51     92
Property, plant and equipment, net 199 199   199     265
Operating lease right-of-use assets 17 17   17      
Other noncurrent assets 122 122   122     136
Deferred income taxes 32 32   32     32
Intangible assets             10
Goodwill             14
Total assets 421 421   421     549
Current liabilities 135 135   135     178
Long-term debt 42 42   42     61
Deferred income taxes             11
Noncurrent operating lease liabilities 13 13   13      
Other noncurrent liabilities 88 88   88     97
Total liabilities $ 278 278   278     $ 347
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities              
Total revenues   28 39 95   116  
Income from continuing operations before income taxes   3 8 16   27  
Net cash provided by operating activities   $ 12 $ 21 $ 72   $ 50  
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 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.”