Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 525 $ 340
Accounts and notes receivable (net of allowance for doubtful accounts of $19 and $21, respectively), ($221 and $341 pledged as collateral, respectively) 940 1,165
Accounts receivable from affiliates 13 18
Inventories 914 1,000
Prepaid expenses 83 58
Other current assets 72 145
Current assets held for sale 1,208 232
Total current assets 3,755 2,958
Property, plant and equipment, net 2,383 2,353
Investment in unconsolidated affiliates 535 526
Intangible assets, net 197 213
Goodwill 276 275
Deferred income taxes 292 324
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 396  
Other noncurrent assets 452 393
Noncurrent assets held for sale   877
Total assets 8,320 7,953
Current liabilities:    
Accounts payable 765 761
Accounts payable to affiliates 57 32
Accrued liabilities 420 497
Current portion of debt 212 96
Current operating lease liabilities 42  
Current liabilities held for sale 512 225
Total current liabilities 2,008 1,611
Long-term debt 2,177 2,224
Deferred income taxes 29 137
Noncurrent operating lease liabilities 384  
Other noncurrent liabilities 898 949
Noncurrent liabilities held for sale   283
Total liabilities 5,496 5,204
Commitments and contingencies (Notes 21 and 22)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 257,405,496 and 256,006,849 shares issued and 224,295,868 and 232,994,172 shares outstanding, respectively 3 3
Additional paid-in capital 4,008 3,984
Treasury stock, 33,112,572 and 23,012,680 shares, respectively (635) (427)
Unearned stock-based compensation (17) (16)
Retained earnings 690 292
Accumulated other comprehensive loss (1,362) (1,316)
Total Huntsman Corporation stockholders' equity 2,687 2,520
Noncontrolling interests in subsidiaries 137 229
Total equity 2,824 2,749
Total liabilities and equity 8,320 7,953
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents 525 340
Accounts and notes receivable (net of allowance for doubtful accounts of $19 and $21, respectively), ($221 and $341 pledged as collateral, respectively) 940 1,165
Accounts receivable from affiliates 410 399
Inventories 914 1,000
Prepaid expenses 82 57
Other current assets 79 147
Current assets held for sale 1,208 232
Total current assets 4,158 3,340
Property, plant and equipment, net 2,383 2,353
Investment in unconsolidated affiliates 535 526
Intangible assets, net 197 213
Goodwill 276 275
Deferred income taxes 292 324
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 396  
Other noncurrent assets 452 393
Noncurrent assets held for sale   877
Total assets 8,723 8,335
Current liabilities:    
Accounts payable 765 761
Accounts payable to affiliates 143 104
Accrued liabilities 417 494
Notes payable to affiliates 100 100
Current portion of debt 212 96
Current operating lease liabilities 42  
Current liabilities held for sale 512 225
Total current liabilities 2,191 1,780
Long-term debt 2,177 2,224
Notes payable to affiliates 280 488
Deferred income taxes 29 135
Noncurrent operating lease liabilities 384  
Other noncurrent liabilities 890 937
Noncurrent liabilities held for sale   283
Total liabilities 5,951 5,847
Commitments and contingencies (Notes 21 and 22)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,675 3,658
Retained earnings 312 (91)
Accumulated other comprehensive loss (1,352) (1,308)
Total Huntsman International LLC members' equity 2,635 2,259
Noncontrolling interests in subsidiaries 137 229
Total equity 2,772 2,488
Total liabilities and equity $ 8,723 $ 8,335