Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities:    
Net income $ 706 $ 290
Less: Income from discontinued operations, net of tax (782) (126)
(Loss) income from continuing operations (76) 164
Adjustments to reconcile (loss) income from continuing operations to net cash provided by operating activities from continuing operations:    
Equity in income of investment in unconsolidated affiliates (25) (41)
Unrealized losses on fair value adjustments to Venator investment 100 91
Cash received from return on investment in unconsolidated subsidiary 18 17
Depreciation and amortization 206 201
Noncash lease expense 46 41
Gain on disposal of businesses/assets, net   (49)
Loss on early extinguishment of debt   23
Noncash restructuring and impairment charges 5 3
Deferred income taxes (16) 64
Stock-based compensation 20 22
Other, net 4 12
Changes in operating assets and liabilities:    
Accounts and notes receivable 103 69
Inventories 154 19
Prepaid expenses 23 4
Other current assets 4 26
Other noncurrent assets (47) (73)
Accounts payable (85) (16)
Accrued liabilities (22) (57)
Taxes paid on sale of Chemical Intermediates Businesses (188)  
Other noncurrent liabilities (114) (86)
Net cash provided by operating activities from continuing operations 110 434
Net cash (used in) provided by operating activities from discontinued operations (22) 222
Net cash provided by operating activities 88 656
Investing Activities:    
Capital expenditures (170) (181)
Cash received from sale of business 1,923  
Acquisition of businesses, net of cash acquired (653)  
Proceeds from sale of assets   49
Cash received from forward swap contract related to the sale of investment in Venator   16
Other, net 5 5
Net cash provided by (used in) investing activities from continuing operations 1,105 (111)
Net cash used in investing activities from discontinued operations   (31)
Net cash provided by (used in) investing activities 1,105 (142)
Financing Activities:    
Net repayments on revolving loan facilities (153) (104)
Repayments of long-term debt (17) (662)
Proceeds from issuance of long-term debt   742
Repayments of short-term debt (109)  
Borrowings on short-term debt   101
Repayments of notes payable (32) (21)
Borrowings on notes payable   2
Debt issuance costs paid   (7)
Cash paid for noncontrolling interests   (100)
Dividends paid to common stockholders (109) (115)
Dividends paid to noncontrolling interests (24) (40)
Repurchase and cancellation of stock awards (7) (12)
Proceeds from issuance of common stock 2 2
Repurchase of common stock (96) (196)
Costs of early extinguishment of debt   (21)
Other, net (1)  
Net cash used in financing activities (546) (431)
Effect of exchange rate changes on cash (4) (5)
Increase in cash, cash equivalents and restricted cash 643 78
Cash, cash equivalents and restricted cash at beginning of period 525 340
Cash, cash equivalents and restricted cash at end of period 1,168 418
Supplemental cash flow information:    
Cash paid for interest 49 65
Cash paid for income taxes 242 102
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Operating Activities:    
Net income 706 281
Less: Income from discontinued operations, net of tax (782) (126)
(Loss) income from continuing operations (76) 155
Adjustments to reconcile (loss) income from continuing operations to net cash provided by operating activities from continuing operations:    
Equity in income of investment in unconsolidated affiliates (25) (41)
Unrealized losses on fair value adjustments to Venator investment 100 91
Cash received from return on investment in unconsolidated subsidiary 18 17
Depreciation and amortization 206 201
Noncash lease expense 46 41
Gain on disposal of businesses/assets, net   (49)
Loss on early extinguishment of debt   23
Noncash restructuring and impairment charges 5 3
Deferred income taxes (17) 63
Noncash compensation 19 21
Other, net 8 24
Changes in operating assets and liabilities:    
Accounts and notes receivable 103 69
Inventories 154 19
Prepaid expenses 24 5
Other current assets 11 24
Other noncurrent assets (47) (73)
Accounts payable (87) (28)
Accrued liabilities (29) (57)
Taxes paid on sale of Chemical Intermediates Businesses (188)  
Other noncurrent liabilities (112) (84)
Net cash provided by operating activities from continuing operations 113 424
Net cash (used in) provided by operating activities from discontinued operations (22) 222
Net cash provided by operating activities 91 646
Investing Activities:    
Capital expenditures (170) (181)
Cash received from sale of business 1,923  
Acquisition of businesses, net of cash acquired (653)  
Proceeds from sale of assets   49
Decrease (increase) in receivable from affiliate 275 (3)
Cash received from forward swap contract related to the sale of investment in Venator   16
Other, net 4 6
Net cash provided by (used in) investing activities from continuing operations 1,379 (113)
Net cash used in investing activities from discontinued operations   (31)
Net cash provided by (used in) investing activities 1,379 (144)
Financing Activities:    
Net repayments on revolving loan facilities (153) (104)
Repayments of long-term debt (17) (662)
Proceeds from issuance of long-term debt   742
Repayments of short-term debt (109)  
Borrowings on short-term debt   101
Repayments of notes payable to affiliate (380) (197)
Repayments of notes payable (32) (21)
Debt issuance costs paid   (7)
Cash paid for noncontrolling interests   (100)
Dividends paid to noncontrolling interests (23) (40)
Dividends paid to parent (109) (112)
Costs of early extinguishment of debt   (21)
Other, net (1) 1
Net cash used in financing activities (824) (420)
Effect of exchange rate changes on cash (4) (5)
Increase in cash, cash equivalents and restricted cash 642 77
Cash, cash equivalents and restricted cash at beginning of period 525 340
Cash, cash equivalents and restricted cash at end of period 1,167 417
Supplemental cash flow information:    
Cash paid for interest 49 65
Cash paid for income taxes $ 242 $ 102