Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents [1] $ 1,168 $ 525
Accounts and notes receivable (net of allowance for doubtful accounts of 26 and $19, respectively), ($207 and $221 pledged as collateral, respectively) [1] 881 940
Accounts receivable from affiliates 8 13
Inventories [1] 819 914
Other current assets 125 155
Current assets held for sale   1,208
Total current assets 3,001 3,755
Property, plant and equipment, net [1] 2,477 2,383
Investment in unconsolidated affiliates 448 535
Intangible assets, net [1] 403 197
Goodwill 523 276
Deferred income taxes 295 292
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 430 396
Other noncurrent assets [1] 486 452
Total assets 8,097 8,320
Current liabilities:    
Accounts payable [1] 696 765
Accounts payable to affiliates 29 57
Accrued liabilities [1] 583 420
Current portion of debt [1] 567 212
Current operating lease liabilities [1] 46 42
Current liabilities held for sale   512
Total current liabilities 1,921 2,008
Long-term debt [1] 1,557 2,177
Deferred income taxes 50 29
Noncurrent operating lease liabilities [1] 403 384
Other noncurrent liabilities [1] 789 898
Total liabilities 4,720 5,496
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, 258,304,485 and 257,405,496 shares issued and 219,827,393 and 224,295,868 shares outstanding, respectively 3 3
Additional paid-in capital 4,042 4,008
Treasury stock, 38,477,091 and 33,112,572 shares, respectively (731) (635)
Unearned stock-based compensation (23) (17)
Retained earnings 1,260 690
Accumulated other comprehensive loss (1,329) (1,362)
Total Huntsman Corporation stockholders' equity 3,222 2,687
Noncontrolling interests in subsidiaries 155 137
Total equity 3,377 2,824
Total liabilities and equity 8,097 8,320
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents [1] 1,167 525
Accounts and notes receivable (net of allowance for doubtful accounts of 26 and $19, respectively), ($207 and $221 pledged as collateral, respectively) [1] 881 940
Accounts receivable from affiliates 45 410
Inventories [1] 819 914
Other current assets 122 161
Current assets held for sale   1,208
Total current assets 3,034 4,158
Property, plant and equipment, net [1] 2,477 2,383
Investment in unconsolidated affiliates 448 535
Intangible assets, net [1] 403 197
Goodwill 523 276
Deferred income taxes 295 292
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 430 396
Other noncurrent assets [1] 487 452
Total assets 8,131 8,723
Current liabilities:    
Accounts payable [1] 696 765
Accounts payable to affiliates 30 143
Accrued liabilities [1] 573 417
Notes payable to affiliates   100
Current portion of debt [1] 567 212
Current operating lease liabilities [1] 46 42
Current liabilities held for sale   512
Total current liabilities 1,912 2,191
Long-term debt [1] 1,557 2,177
Notes payable to affiliates   280
Deferred income taxes 51 29
Noncurrent operating lease liabilities [1] 403 384
Other noncurrent liabilities [1] 782 890
Total liabilities 4,705 5,951
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 3,694 3,675
Retained earnings 894 312
Accumulated other comprehensive loss (1,317) (1,352)
Total Huntsman International LLC members' equity 3,271 2,635
Noncontrolling interests in subsidiaries 155 137
Total equity 3,426 2,772
Total liabilities and equity $ 8,131 $ 8,723
[1] At September 30, 2020 and December 31, 2019, respectively, $2 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $28 and $35 of inventories, $168 and $180 of property, plant and equipment (net), $23 and $20 of other noncurrent assets, $99 and $100 of accounts payable, $15 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $5 and $4 of current operating lease liabilities, $3 and $29 of long-term debt, $16 and $11 of noncurrent operating lease liabilities and $79 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.”