Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Cash and cash equivalents [1] $ 807 $ 1,041
Accounts and notes receivable, allowance for doubtful accounts 23 25
Accounts and notes receivable [1] 1,285 1,159
Inventories [1] 1,382 1,201
Property, plant and equipment, net [1] 2,551 2,576
Other noncurrent assets [1] 673 690
Accounts payable [1] 1,252 1,148
Accrued liabilities [1] 732 780
Current portion of debt [1] 21 12
Current operating lease liabilities [1] 50 51
Long-term debt [1] 1,529 1,538
Noncurrent operating lease liabilities [1] 358 370
Other noncurrent liabilities [1] $ 679 $ 713
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 1,200,000,000 1,200,000,000
Common stock, shares issued (in shares) 261,055,993 259,701,770
Common stock, shares outstanding (in shares) 209,975,156 214,170,287
Treasury stock, shares (in shares) 51,080,837 45,531,489
Asset Pledged as Collateral [Member]    
Accounts and notes receivable $ 372 $ 324
Variable Interest Entity, Primary Beneficiary [Member]    
Cash and cash equivalents 9 1
Accounts and notes receivable 9 12
Inventories 66 64
Property, plant and equipment, net 156 161
Other noncurrent assets 25 23
Accounts payable 145 146
Accrued liabilities 8 13
Current portion of debt 17 10
Current operating lease liabilities 6 6
Long-term debt 33 35
Noncurrent operating lease liabilities 19 20
Other noncurrent liabilities 46 46
Huntsman International LLC [Member]    
Cash and cash equivalents [1] 806 1,039
Accounts and notes receivable, allowance for doubtful accounts 23 25
Accounts and notes receivable [1] 1,285 1,159
Inventories [1] 1,382 1,201
Property, plant and equipment, net [1] 2,551 2,576
Other noncurrent assets [1] 673 691
Accounts payable [1] 1,242 1,145
Accrued liabilities [1] 723 771
Current portion of debt [1] 21 12
Current operating lease liabilities [1] 50 51
Long-term debt [1] 1,529 1,538
Noncurrent operating lease liabilities [1] 358 370
Other noncurrent liabilities [1] $ 671 $ 700
Members' equity, units issued (in shares) 2,728 2,728
Members' equity, units outstanding (in shares) 2,728 2,728
Huntsman International LLC [Member] | Asset Pledged as Collateral [Member]    
Accounts and notes receivable $ 372 $ 324
Huntsman International LLC [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Cash and cash equivalents 9 1
Accounts and notes receivable 9 12
Inventories 66 64
Property, plant and equipment, net 156 161
Other noncurrent assets 25 23
Accounts payable 145 146
Accrued liabilities 8 13
Current portion of debt 17 10
Current operating lease liabilities 6 6
Long-term debt 33 35
Noncurrent operating lease liabilities 19 20
Other noncurrent liabilities $ 46 $ 46
[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.”