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
Sep. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Assets and liabilities of VIE            
Current assets   $ 3,104   $ 3,104   $ 3,755
Property, plant and equipment, net [1]   2,457   2,457   2,383
Operating lease right-of-use assets   419   419   396
Deferred income taxes   289   289   292
Intangible assets [1]   408   408   197
Goodwill   522   522   276
Total assets   8,126   8,126   8,320
Current liabilities   2,027   2,027   2,008
Long-term debt [1]   1,527   1,527   2,177
Deferred income taxes   40   40   29
Noncurrent operating lease liabilities [1]   402   402   384
Other noncurrent liabilities [1]   806   806   898
Total liabilities   4,802   4,802   5,496
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities            
Total revenues   1,247 $ 1,784 2,840 $ 3,453  
Income from continuing operations before income taxes   (77) 121 (139) 274  
Net cash provided by operating activities       5 273  
Sasol Huntsman GmbH and Co. KG            
Identification of variable interest entities through investments and transactions            
Percentage of joint interest acquired 50.00%          
Consolidated VIE's            
Assets and liabilities of VIE            
Current assets   41   41   50
Property, plant and equipment, net   173   173   180
Operating lease right-of-use assets   17   17   16
Other noncurrent assets   138   138   132
Deferred income taxes   30   30   30
Total assets   399   399   408
Current liabilities   143   143   151
Long-term debt   6   6   29
Noncurrent operating lease liabilities   13   13   11
Other noncurrent liabilities   83   83   87
Total liabilities   245   245   $ 278
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities            
Total revenues     31   67  
Income from continuing operations before income taxes     4 1 13  
Net cash provided by operating activities   $ 8 $ 29 $ 14 $ 60  
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%    
[1] At June 30, 2020 and December 31, 2019, respectively, $1 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $32 and $35 of inventories, $173 and $180 of property, plant and equipment (net), $22 and $20 of other noncurrent assets, $79 and $100 of accounts payable, $13 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $4 each of current operating lease liabilities, $6 and $29 of long-term debt, $13 and $11 of noncurrent operating lease liabilities and $83 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”