Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents [1] $ 654 $ 1,041
Accounts and notes receivable [1] 813 988
Accounts receivable from affiliates 21 27
Inventories [1] 995 1,038
Receivable associated with the Albemarle Settlement 0 333
Other current assets 190 155
Current assets held for sale 472 346
Total current assets 3,145 3,928
Property, plant and equipment, net [1],[2] 2,377 2,443
Investment in unconsolidated affiliates 425 470
Intangible assets, net 425 469
Goodwill 641 650
Deferred income taxes 147 180
Operating lease right-of-use assets 374 381
Other noncurrent assets [1] 686 689
Noncurrent assets held for sale 0 182
Total assets 8,220 9,392
Current liabilities:    
Accounts payable [1] 907 1,054
Accounts payable to affiliates 54 60
Accrued liabilities [1] 429 713
Current portion of debt [1] 66 12
Current operating lease liabilities [1] 51 49
Current liabilities held for sale 194 163
Total current liabilities 1,701 2,051
Long-term debt [1] 1,671 1,538
Deferred income taxes 250 161
Noncurrent operating lease liabilities [1] 336 346
Other noncurrent liabilities [1] 422 586
Noncurrent liabilities held for sale 0 151
Total liabilities 4,380 4,833
Commitments and contingencies (Notes 20 and 21)
Common stock $0.01 par value, 1,200,000,000 shares authorized, 261,148,217 and 259,701,770 shares issued and 183,634,464 and 214,170,287 shares outstanding, respectively 3 3
Additional paid-in capital 4,156 4,102
Treasury stock, 77,513,753 and 45,531,489 shares, respectively (1,937) (934)
Unearned stock-based compensation (35) (25)
Retained earnings 2,705 2,435
Accumulated other comprehensive loss (1,268) (1,203)
Total Huntsman Corporation stockholders’ equity 3,624 4,378
Noncontrolling interests in subsidiaries 216 181
Total equity 3,840 4,559
Total liabilities and equity 8,220 9,392
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 654 1,039
Accounts and notes receivable [1] 813 988
Accounts receivable from affiliates 21 269
Inventories [1] 995 1,038
Receivable associated with the Albemarle Settlement 0 333
Other current assets 196 153
Current assets held for sale 472 346
Total current assets 3,151 4,166
Property, plant and equipment, net [1] 2,377 2,443
Investment in unconsolidated affiliates 425 470
Intangible assets, net 425 469
Goodwill 641 650
Deferred income taxes 147 180
Operating lease right-of-use assets 374 381
Other noncurrent assets [1] 686 690
Noncurrent assets held for sale 0 182
Total assets 8,226 9,631
Current liabilities:    
Accounts payable [1] 907 1,051
Accounts payable to affiliates 54 62
Accrued liabilities [1] 427 704
Current portion of debt [1] 66 12
Current operating lease liabilities [1] 51 49
Current liabilities held for sale 194 163
Total current liabilities 1,699 2,041
Long-term debt [1] 1,671 1,538
Deferred income taxes 254 163
Noncurrent operating lease liabilities [1] 336 346
Other noncurrent liabilities [1] 414 573
Noncurrent liabilities held for sale 0 151
Total liabilities 4,374 4,812
Commitments and contingencies (Notes 20 and 21)
Retained earnings 1,130 2,093
Accumulated other comprehensive loss (1,253) (1,187)
Total equity 3,852 4,819
Total liabilities and equity 8,226 9,631
Members’ equity, 2,728 units issued and outstanding 3,759 3,732
Total Huntsman International LLC members’ equity 3,636 4,638
Noncontrolling interests in subsidiaries $ 216 $ 181
[1] At December 31, 2022 and December 31, 2021, respectively, $5 and $1 of cash and cash equivalents, $4 and $12 of accounts and notes receivable (net), $59 and $64 of inventories, $149 and $161 of property, plant and equipment (net), $29 and $23 each of other noncurrent assets, $114 and $146 of accounts payable, $12 and $13 of accrued liabilities, $9 and $10 of current portion of debt, $9 and $6 of current operating lease liabilities, $26 and $35 of long-term debt, $19 and $20 of noncurrent operating lease and $25 and $46 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheets captions above. See “Note 8. Variable Interest Entities.” These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit.
[2] Long-lived assets consist of property, plant and equipment, net.