Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.21.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents [1] $ 673 $ 1,593
Accounts and notes receivable [1] 1,010 902
Accounts receivable from affiliates 12 8
Inventories [1] 1,006 848
Other current assets 228 217
Total current assets 2,929 3,568
Property, plant and equipment, net [1] 2,514 2,505
Investment in unconsolidated affiliates 411 373
Intangible assets, net 422 453
Goodwill 739 533
Deferred income taxes 282 288
Operating lease right-of-use assets 432 445
Other noncurrent assets [1] 571 548
Total assets 8,300 8,713
Current liabilities:    
Accounts payable [1] 909 842
Accounts payable to affiliates 44 34
Accrued liabilities [1] 505 458
Current portion of debt [1] 57 593
Current operating lease liabilities [1] 49 52
Total current liabilities 1,564 1,979
Long-term debt [1] 1,510 1,528
Deferred income taxes 216 212
Noncurrent operating lease liabilities [1] 401 411
Other noncurrent liabilities [1] 875 910
Total liabilities 4,566 5,040
Commitments and contingencies (Notes 15 and 16)
Common stock $0.01 par value, 1,200,000,000 shares authorized, 259,184,140 and 258,520,411 shares issued and 220,712,124 and 220,046,262 shares outstanding, respectively 3 3
Additional paid-in capital 4,085 4,048
Treasury stock, 38,477,091 shares (731) (731)
Unearned stock-based compensation (38) (19)
Retained earnings 1,603 1,564
Accumulated other comprehensive loss (1,359) (1,346)
Total Huntsman Corporation stockholders’ equity 3,563 3,519
Noncontrolling interests in subsidiaries 171 154
Total equity 3,734 3,673
Total liabilities and equity 8,300 8,713
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 667 1,591
Accounts and notes receivable [1] 1,010 902
Accounts receivable from affiliates 59 47
Inventories [1] 1,006 848
Other current assets 227 223
Total current assets 2,969 3,611
Property, plant and equipment, net [1] 2,514 2,505
Investment in unconsolidated affiliates 411 373
Intangible assets, net 422 453
Goodwill 739 533
Deferred income taxes 282 288
Operating lease right-of-use assets 432 445
Other noncurrent assets [1] 569 548
Total assets 8,338 8,756
Current liabilities:    
Accounts payable [1] 908 842
Accounts payable to affiliates 46 36
Accrued liabilities [1] 496 455
Current portion of debt [1] 57 593
Current operating lease liabilities [1] 49 52
Total current liabilities 1,556 1,978
Long-term debt [1] 1,510 1,528
Deferred income taxes 217 214
Noncurrent operating lease liabilities [1] 401 411
Other noncurrent liabilities [1] 867 900
Total liabilities 4,551 5,031
Commitments and contingencies (Notes 15 and 16)
Retained earnings 1,252 1,203
Accumulated other comprehensive loss (1,345) (1,333)
Total equity 3,787 3,725
Total liabilities and equity 8,338 8,756
Members’ equity, 2,728 units issued and outstanding 3,709 3,701
Total Huntsman International LLC members’ equity 3,616 3,571
Noncontrolling interests in subsidiaries 171 154
Total equity $ 3,787 $ 3,725
[1] At March 31, 2021 and December 31, 2020, respectively, $8 and $2 of cash and cash equivalents, $10 and $6 of accounts and notes receivable (net), $36 and $38 of inventories, $166 and $167 of property, plant and equipment (net), $22 and $23 of other noncurrent assets, $128 and $119 of accounts payable, $13 each of accrued liabilities, $55 and $47 of current portion of debt, $5 each of current operating lease liabilities, nil and $3 of long-term debt, $21 and $17 of noncurrent operating lease liabilities and $82 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See "Note 6. Variable Interest Entities."