Annual report pursuant to Section 13 and 15(d)

Note 8 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details)

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Note 8 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets $ 3,145 $ 3,928  
Property, plant and equipment, net [1],[2] 2,377 2,443  
Operating lease right-of-use assets 374 381  
Deferred income taxes 147 180  
Total assets 8,220 9,392  
Current liabilities 1,701 2,051  
Long-term debt [1] 1,671 1,538  
Noncurrent operating lease liabilities [1] 336 346  
Other noncurrent liabilities [1] 422 586  
Total liabilities 4,380 4,833  
Revenues [3] 8,023 7,670 $ 5,421
Income from continuing operations before income taxes 697 1,246 331
Net cash provided by operating activities 914 952 253
Variable Interest Entity, Primary Beneficiary [Member]      
Current assets 73 81  
Property, plant and equipment, net 149 161  
Operating lease right-of-use assets 28 26  
Other noncurrent assets 140 148  
Deferred income taxes 13 21  
Total assets 403 437  
Current liabilities 144 176  
Long-term debt 26 35  
Noncurrent operating lease liabilities 19 20  
Other noncurrent liabilities 25 46  
Total liabilities 214 277  
Revenues 0 0 0 [4]
Income from continuing operations before income taxes 36 12 4 [4]
Net cash provided by operating activities $ 81 $ 33 $ 10 [4]
[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.
[3] Geographic information for revenues is based upon countries into which product is sold.
[4] As of September 30, 2019, Sasol-Huntsman was no longer accounted for as a variable interest entity. Therefore, this financial data only includes information for Sasol-Huntsman applicable to the period from January 1, 2019 through September 30, 2019.