Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents [1] $ 1,593 $ 525
Accounts and notes receivable [1] 902 940
Accounts receivable from affiliates 8 13
Inventories [1] 848 914
Other current assets 217 155
Current assets held for sale 0 1,208
Total current assets 3,568 3,755
Property, plant and equipment, net [1],[2] 2,505 2,383
Investment in unconsolidated affiliates 373 535
Intangible assets, net 453 197
Goodwill 533 276
Deferred income taxes 288 292
Notes receivable from affiliate 0 34
Operating lease right-of-use assets 445 396
Other noncurrent assets [1] 548 452
Total assets 8,713 8,320
Current liabilities:    
Accounts payable [1] 842 765
Accounts payable to affiliates 34 57
Accrued liabilities [1] 458 420
Current portion of debt [1] 593 212
Current operating lease liabilities [1] 52 42
Current liabilities held for sale 0 512
Total current liabilities 1,979 2,008
Long-term debt [1] 1,528 2,177
Deferred income taxes 212 29
Noncurrent operating lease liabilities [1] 411 384
Other noncurrent liabilities [1] 910 898
Total liabilities 5,040 5,496
Commitments and contingencies (Notes 21 and 22)
Common stock $0.01 par value, 1,200,000,000 shares authorized, 258,520,411 and 257,405,496 shares issued and 220,046,262 and 224,295,868 shares outstanding, respectively 3 3
Additional paid-in capital 4,048 4,008
Treasury stock, 38,477,091 and 33,112,572 shares, respectively (731) (635)
Unearned stock-based compensation (19) (17)
Retained earnings 1,564 690
Accumulated other comprehensive loss (1,346) (1,362)
Total Huntsman Corporation stockholders’ equity 3,519 2,687
Noncontrolling interests in subsidiaries 154 137
Total equity 3,673 2,824
Total liabilities and equity 8,713 8,320
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [3] 1,591 525
Accounts and notes receivable [3] 902 940
Accounts receivable from affiliates 47 410
Inventories [3] 848 914
Other current assets 223 161
Current assets held for sale 0 1,208
Total current assets 3,611 4,158
Property, plant and equipment, net [3] 2,505 2,383
Investment in unconsolidated affiliates 373 535
Intangible assets, net 453 197
Goodwill 533 276
Deferred income taxes 288 292
Notes receivable from affiliate 0 34
Operating lease right-of-use assets 445 396
Other noncurrent assets [3] 548 452
Total assets 8,756 8,723
Current liabilities:    
Accounts payable [3] 842 765
Accounts payable to affiliates 36 143
Accrued liabilities [3] 455 417
Current portion of debt [3] 593 212
Current operating lease liabilities [3] 52 42
Current liabilities held for sale 0 512
Total current liabilities 1,978 2,191
Long-term debt [3] 1,528 2,177
Deferred income taxes 214 29
Noncurrent operating lease liabilities [3] 411 384
Other noncurrent liabilities [3] 900 890
Total liabilities 5,031 5,951
Retained earnings 1,203 312
Accumulated other comprehensive loss (1,333) (1,352)
Total equity 3,725 2,772
Total liabilities and equity 8,756 8,723
Notes payable to affiliates 0 100
Notes payable to affiliates 0 280
Members’ equity, 2,728 units issued and outstanding 3,701 3,675
Total Huntsman International LLC members’ equity 3,571 2,635
Noncontrolling interests in subsidiaries 154 137
Total equity $ 3,725 $ 2,772
[1] At December 31, 2020 and December 31, 2019, respectively, $2 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $38 and $35 of inventories, $167 and $180 of property, plant and equipment (net), $23 and $20 of other noncurrent assets, $119 and $100 of accounts payable, $13 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, $17 and $11 of noncurrent operating lease and $82 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheets captions above. See "Note 8. Variable Interest Entities."
[2] Long-lived assets consist of property, plant and equipment, net.
[3] At December 31, 2020 and December 31, 2019, respectively, $2 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $38 and $35 of inventories, $167 and $180 of property, plant and equipment (net), $23 and $20 of other noncurrent assets, $119 and $100 of accounts payable, $13 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, $17 and $11 of noncurrent operating lease liabilities and $82 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 8. Variable Interest Entities."