Annual report pursuant to Section 13 and 15(d)

Note 8 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details)

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Note 8 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Current assets $ 3,568 $ 3,755  
Property, plant and equipment, net [1],[2] 2,505 2,383  
Operating lease right-of-use assets 445 396  
Deferred income taxes 288 292  
Total assets 8,713 8,320  
Current liabilities 1,979 2,008  
Long-term debt [1] 1,528 2,177  
Noncurrent operating lease liabilities [1] 411 384  
Other noncurrent liabilities [1] 910 898  
Deferred income taxes 212 29  
Total liabilities 5,040 5,496  
Revenues [3] 6,018 6,797 $ 7,604
Income from continuing operations before income taxes 337 391 734
Net cash provided by operating activities 253 897 1,207
Variable Interest Entity, Primary Beneficiary [Member]      
Current assets 49 50  
Property, plant and equipment, net 167 180  
Operating lease right-of-use assets 22 16  
Other noncurrent assets 138 132  
Deferred income taxes 30 30  
Total assets 406 408  
Current liabilities 183 151  
Long-term debt 3 29  
Noncurrent operating lease liabilities 17 11  
Other noncurrent liabilities 82 87  
Deferred income taxes 1 0  
Total liabilities 286 278  
Revenues 0 95 [4] 154
Income from continuing operations before income taxes 4 17 [4] 40
Net cash provided by operating activities $ 10 $ 81 [4] $ 65
[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] Geographic information for revenues is based upon countries into which product is sold.
[4] As of September 30, 2019, Sasol-Huntsman was no longer accounted for as a variable interest entity. Therefore, this financial data only includes information for Sasol-Huntsman applicable to the period from January 1, 2019 through September 30, 2019.