Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 435 [1] $ 554 [1]
Restricted cash 9 [1] 8 [1]
Accounts and notes receivable (net of allowance for doubtful accounts of $46 and $46, respectively), ($592 and $659 pledged as collateral, respectively) 1,626 [1] 1,529 [1]
Accounts receivable from affiliates 27 5
Inventories 1,807 [1] 1,539 [1]
Prepaid expenses 64 46
Deferred income taxes 40 20
Other current assets 234 [1] 245 [1]
Total current assets 4,242 3,946
Property, plant and equipment, net 3,626 [1] 3,622 [1]
Investment in unconsolidated affiliates 223 202
Intangible assets, net 74 [1] 91 [1]
Goodwill 107 114
Deferred income taxes 190 195
Notes receivable from affiliates 2 5
Other noncurrent assets 482 [1] 482 [1]
Total assets 8,946 8,657
Current liabilities:    
Accounts payable 1,017 [1] 862 [1]
Accounts payable to affiliates 40 50
Accrued liabilities 690 [1] 695 [1]
Deferred income taxes 28 7
Current portion of debt 130 [1] 212 [1]
Total current liabilities 1,905 1,826
Long-term debt 3,550 [1] 3,730 [1]
Notes payable to affiliates 3 4
Deferred income taxes 362 309
Other noncurrent liabilities 910 [1] 1,012 [1]
Total liabilities 6,730 6,881
Commitments and contingencies (Notes 13 and 14)      
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 243,579,955 and 241,836,001 issued and 238,027,939 and 235,746,087 outstanding in 2012 and 2011, respectively 2 2
Additional paid-in capital 3,260 3,228
Treasury stock, 4,043,526 shares at 2012 and 2011 (50) (50)
Unearned stock-based compensation (14) (12)
Accumulated deficit (623) (947)
Accumulated other comprehensive loss (483) (559)
Total Huntsman Corporation stockholders' equity 2,092 1,662
Noncontrolling interests in subsidiaries 124 114
Total equity 2,216 1,776
Total liabilities and equity 8,946 8,657
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Current assets:    
Cash and cash equivalents 271 [1] 231 [1]
Restricted cash 9 [1] 8 [1]
Accounts and notes receivable (net of allowance for doubtful accounts of $46 and $46, respectively), ($592 and $659 pledged as collateral, respectively) 1,626 [1] 1,529 [1]
Accounts receivable from affiliates 263 148
Inventories 1,807 [1] 1,539 [1]
Prepaid expenses 63 46
Deferred income taxes 40 40
Other current assets 234 [1] 220 [1]
Total current assets 4,313 3,761
Property, plant and equipment, net 3,531 [1] 3,510 [1]
Investment in unconsolidated affiliates 223 202
Intangible assets, net 75 [1] 93 [1]
Goodwill 107 114
Deferred income taxes 190 163
Notes receivable from affiliates 2 5
Other noncurrent assets 484 [1] 482 [1]
Total assets 8,925 8,330
Current liabilities:    
Accounts payable 1,017 [1] 862 [1]
Accounts payable to affiliates 51 64
Accrued liabilities 718 [1] 694 [1]
Deferred income taxes 29 29
Note payable to affiliate 100 100
Current portion of debt 130 [1] 212 [1]
Total current liabilities 2,045 1,961
Long-term debt 3,550 [1] 3,730 [1]
Notes payable to affiliates 610 439
Deferred income taxes 272 106
Other noncurrent liabilities 907 [1] 1,003 [1]
Total liabilities 7,384 7,239
Commitments and contingencies (Notes 13 and 14)      
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,103 3,081
Accumulated deficit (1,155) (1,493)
Accumulated other comprehensive loss (531) (611)
Total Huntsman International LLC members' equity 1,417 977
Noncontrolling interests in subsidiaries 124 114
Total equity 1,541 1,091
Total liabilities and equity $ 8,925 $ 8,330
[1] At September 30, 2012 and December 31, 2011, respectively, $31 and $44 of cash and cash equivalents, $9 and $2 of restricted cash, $40 and $29 of accounts and notes receivable (net), $42 and $47 of inventories, $1 each of other current assets, $382 and $403 of property, plant and equipment (net), $20 and $23 of intangible assets (net), $27 and $21 of other noncurrent assets, $63 and $55 of accounts payable, $25 and $21 of accrued liabilities, $25 and $16 of current portion of debt, $241 and $264 of long-term debt, and $72 and $111 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See "Note 5. Variable Interest Entities."