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
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents [1],[2] $ 502 $ 654
Accounts and notes receivable, allowance for doubtful accounts 12 14
Accounts and notes receivable [2] 856 813
Inventories [2] 1,012 995
Property, plant and equipment, net [2] 2,354 2,377
Other noncurrent assets [2] 712 686
Accrued liabilities [2] 374 429
Current portion of debt [2] 11 66
Current operating lease liabilities [2] 46 51
Long-term debt [2] 1,562 1,671
Noncurrent operating lease liabilities [2] 333 336
Other noncurrent liabilities [2] $ 393 $ 422
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) 261,886,116 261,148,217
Common stock, shares outstanding (in shares) 177,110,274 183,634,464
Treasury stock, shares (in shares) 84,775,842 77,513,753
Accounts and notes receivable [2] $ 856 $ 813
Asset Pledged as Collateral [Member]    
Accounts and notes receivable 296 272
Accounts and notes receivable 296 272
Huntsman International LLC [Member]    
Cash and cash equivalents [2] 502 654
Accounts and notes receivable, allowance for doubtful accounts 12 14
Accounts and notes receivable [2] 856 813
Inventories [2] 1,012 995
Property, plant and equipment, net [2] 2,354 2,377
Other noncurrent assets [2] 712 686
Accrued liabilities [2] 367 427
Current portion of debt [2] 11 66
Current operating lease liabilities [2] 46 51
Long-term debt [2] 1,562 1,671
Noncurrent operating lease liabilities [2] 333 336
Other noncurrent liabilities [2] 391 414
Accounts and notes receivable [2] $ 856 $ 813
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 $ 296 $ 272
Accounts and notes receivable 296 272
Variable Interest Entity, Primary Beneficiary [Member]    
Accounts and notes receivable 7 4
Inventories 57 59
Property, plant and equipment, net 150 149
Other noncurrent assets 30 29
Accounts payable 85 114
Accrued liabilities 15 12
Current portion of debt 10 9
Current operating lease liabilities 9 9
Long-term debt 21 26
Noncurrent operating lease liabilities 16 19
Other noncurrent liabilities 24 25
Accounts and notes receivable 7 4
Variable Interest Entity, Primary Beneficiary [Member] | Huntsman International LLC [Member]    
Accounts and notes receivable 7 4
Inventories 57 59
Property, plant and equipment, net 150 149
Other noncurrent assets 30 29
Accounts payable 85 114
Accrued liabilities 15 12
Current portion of debt 10 9
Current operating lease liabilities 9 9
Long-term debt 21 26
Noncurrent operating lease liabilities 16 19
Other noncurrent liabilities 24 25
Accounts and notes receivable $ 7 $ 4
[1] At June 30, 2023 and December 31, 2022, respectively, $27 and $5 of cash and cash equivalents, $7 and $4 of accounts and notes receivable (net), $57 and $59 of inventories, $150 and $149 of property, plant and equipment (net), $30 and $29 of other noncurrent assets, $85 and $114 of accounts payable, $15 and $12 of accrued liabilities, $10 and $9 of current portion of debt, $9 each of current operating lease liabilities, $21 and $26 of long-term debt, $16 and $19 of noncurrent operating lease liabilities and $24 and $25 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. 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] At June 30, 2023 and December 31, 2022, respectively, $27 and $5 of cash and cash equivalents, $7 and $4 of accounts and notes receivable (net), $57 and $59 of inventories, $150 and $149 of property, plant and equipment (net), $30 and $29 of other noncurrent assets, $85 and $114 of accounts payable, $15 and $12 of accrued liabilities, $10 and $9 of current portion of debt, $9 each of current operating lease liabilities, $21 and $26 of long-term debt, $16 and $19 of noncurrent operating lease liabilities and $24 and $25 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. 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.