Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents [1] $ 807 $ 1,041
Accounts and notes receivable [1] 1,285 1,159
Accounts receivable from affiliates 25 27
Inventories [1] 1,382 1,201
Receivable associated with the Albemarle Settlement 333 333
Other current assets 156 167
Total current assets 3,988 3,928
Property, plant and equipment, net [1] 2,551 2,576
Investment in unconsolidated affiliates 485 470
Intangible assets, net 461 469
Goodwill 650 650
Deferred income taxes 204 206
Operating lease right-of-use assets 390 403
Other noncurrent assets [1] 673 690
Total assets 9,402 9,392
Current liabilities:    
Accounts payable [1] 1,252 1,148
Accounts payable to affiliates 63 60
Accrued liabilities [1] 732 780
Current portion of debt [1] 21 12
Current operating lease liabilities [1] 50 51
Total current liabilities 2,118 2,051
Long-term debt [1] 1,529 1,538
Deferred income taxes 178 161
Noncurrent operating lease liabilities [1] 358 370
Other noncurrent liabilities [1] 679 713
Total liabilities 4,862 4,833
Commitments and contingencies (Notes 15 and 16)
Common stock $0.01 par value, 1,200,000,000 shares authorized, 261,055,993 and 259,701,770 shares issued and 209,975,156 and 214,170,287 shares outstanding, respectively 3 3
Additional paid-in capital 4,152 4,102
Treasury stock, 51,080,837 and 45,531,489 shares, respectively (1,144) (934)
Unearned stock-based compensation (49) (25)
Retained earnings 2,595 2,435
Accumulated other comprehensive loss (1,214) (1,203)
Total Huntsman Corporation stockholders’ equity 4,343 4,378
Noncontrolling interests in subsidiaries 197 181
Total equity 4,540 4,559
Total liabilities and equity 9,402 9,392
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 806 1,039
Accounts and notes receivable [1] 1,285 1,159
Accounts receivable from affiliates 479 269
Inventories [1] 1,382 1,201
Receivable associated with the Albemarle Settlement 333 333
Other current assets 155 165
Total current assets 4,440 4,166
Property, plant and equipment, net [1] 2,551 2,576
Investment in unconsolidated affiliates 485 470
Intangible assets, net 461 469
Goodwill 650 650
Deferred income taxes 204 206
Operating lease right-of-use assets 390 403
Other noncurrent assets [1] 673 691
Total assets 9,854 9,631
Current liabilities:    
Accounts payable [1] 1,242 1,145
Accounts payable to affiliates 65 62
Accrued liabilities [1] 723 771
Current portion of debt [1] 21 12
Current operating lease liabilities [1] 50 51
Total current liabilities 2,101 2,041
Long-term debt [1] 1,529 1,538
Deferred income taxes 181 163
Noncurrent operating lease liabilities [1] 358 370
Other noncurrent liabilities [1] 671 700
Total liabilities 4,840 4,812
Retained earnings 2,274 2,093
Accumulated other comprehensive loss (1,198) (1,187)
Total equity 5,014 4,819
Total liabilities and equity 9,854 9,631
Members’ equity, 2,728 units issued and outstanding 3,741 3,732
Total Huntsman International LLC members’ equity 4,817 4,638
Noncontrolling interests in subsidiaries $ 197 $ 181
[1] At March 31, 2022 and December 31, 2021, respectively, $9 and $1 of cash and cash equivalents, $9 and $12 of accounts and notes receivable (net), $66 and $64 of inventories, $156 and $161 of property, plant and equipment (net), $25 and $23 of other noncurrent assets, $145 and $146 of accounts payable, $8 and $13 of accrued liabilities, $17 and $10 of current portion of debt, $6 each of current operating lease liabilities, $33 and $35 of long-term debt, $19 and $20 of noncurrent operating lease liabilities and $46 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.”