Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.21.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents [1] $ 505 $ 1,593
Accounts and notes receivable [1] 1,216 902
Accounts receivable from affiliates 23 8
Inventories [1] 1,174 848
Other current assets 196 217
Total current assets 3,114 3,568
Property, plant and equipment, net [1] 2,540 2,505
Investment in unconsolidated affiliates 466 373
Intangible assets, net 404 453
Goodwill 741 533
Deferred income taxes 281 288
Operating lease right-of-use assets 418 445
Other noncurrent assets [1] 605 548
Total assets 8,569 8,713
Current liabilities:    
Accounts payable [1] 955 842
Accounts payable to affiliates 30 34
Accrued liabilities [1] 569 458
Current portion of debt [1] 16 593
Current operating lease liabilities [1] 54 52
Total current liabilities 1,624 1,979
Long-term debt [1] 1,567 1,528
Deferred income taxes 201 212
Noncurrent operating lease liabilities [1] 383 411
Other noncurrent liabilities [1] 840 910
Total liabilities 4,615 5,040
Commitments and contingencies (Notes 15 and 16)
Common stock $0.01 par value, 1,200,000,000 shares authorized, 259,468,984 and 258,520,411 shares issued and 217,028,320 and 220,046,262 shares outstanding, respectively 3 3
Additional paid-in capital 4,096 4,048
Treasury stock, 42,448,875 and 38,477,091 shares, respectively (833) (731)
Unearned stock-based compensation (30) (19)
Retained earnings 1,881 1,564
Accumulated other comprehensive loss (1,338) (1,346)
Total Huntsman Corporation stockholders’ equity 3,779 3,519
Noncontrolling interests in subsidiaries 175 154
Total equity 3,954 3,673
Total liabilities and equity 8,569 8,713
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 505 1,591
Accounts and notes receivable [1] 1,216 902
Accounts receivable from affiliates 167 47
Inventories [1] 1,174 848
Other current assets 194 223
Total current assets 3,256 3,611
Property, plant and equipment, net [1] 2,540 2,505
Investment in unconsolidated affiliates 466 373
Intangible assets, net 404 453
Goodwill 741 533
Deferred income taxes 281 288
Operating lease right-of-use assets 418 445
Other noncurrent assets [1] 604 548
Total assets 8,710 8,756
Current liabilities:    
Accounts payable [1] 954 842
Accounts payable to affiliates 32 36
Accrued liabilities [1] 559 455
Current portion of debt [1] 16 593
Current operating lease liabilities [1] 54 52
Total current liabilities 1,615 1,978
Long-term debt [1] 1,567 1,528
Deferred income taxes 203 214
Noncurrent operating lease liabilities [1] 383 411
Other noncurrent liabilities [1] 831 900
Total liabilities 4,599 5,031
Retained earnings 1,536 1,203
Accumulated other comprehensive loss (1,324) (1,333)
Total equity 4,111 3,725
Total liabilities and equity 8,710 8,756
Members’ equity, 2,728 units issued and outstanding 3,724 3,701
Total Huntsman International LLC members’ equity 3,936 3,571
Noncontrolling interests in subsidiaries 175 154
Total equity $ 4,111 $ 3,725
[1] At September 30, 2021 and December 31, 2020, respectively, $31 and $2 of cash and cash equivalents, $10 and $6 of accounts and notes receivable (net), $52 and $38 of inventories, $161 and $167 of property, plant and equipment (net), $23 each of other noncurrent assets, $144 and $119 of accounts payable, $13 each of accrued liabilities, $13 and $47 of current portion of debt, $6 and $5 of current operating lease liabilities, $53 and $3 of long-term debt, $22 and $17 of noncurrent operating lease liabilities and $76 and $82 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities."