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, 2023
Dec. 31, 2022
Dec. 31, 2021
Current assets $ 2,314 $ 3,145  
Property, plant and equipment, net [1],[2] 2,376 2,377  
Operating lease right-of-use assets 366 374  
Deferred income taxes 112 147  
Total assets 7,248 8,220  
Current liabilities 1,172 1,701  
Long-term debt [1] 1,676 1,671  
Noncurrent operating lease liabilities [1] 334 336  
Other noncurrent liabilities [1] 345 422  
Deferred income taxes 243 250  
Total liabilities 3,770 4,380  
Revenues [3] 6,111 8,023 $ 7,670
Income from continuing operations before income taxes 99 697 1,246
Net cash provided by operating activities 209 914 952
Variable Interest Entity, Primary Beneficiary [Member]      
Current assets 67 73  
Property, plant and equipment, net 150 149  
Operating lease right-of-use assets 29 28  
Other noncurrent assets 125 140  
Deferred income taxes 13 13  
Total assets 384 403  
Current liabilities 121 144  
Long-term debt 17 26  
Noncurrent operating lease liabilities 21 19  
Other noncurrent liabilities 15 25  
Deferred income taxes 1 0  
Total liabilities 175 214  
Revenues 0 0 0 [4]
Income from continuing operations before income taxes 60 36 12 [4]
Net cash provided by operating activities $ 78 $ 81 $ 33 [4]
[1] At December 31, 2023 and December 31, 2022, respectively, $2 and $5 of cash and cash equivalents, $16 and $4 of accounts and notes receivable (net), $48 and $59 of inventories, $150 and $149 of property, plant and equipment (net), $32 and $29 of other noncurrent assets, $84 and $114 of accounts payable, $20 and $12 of accrued liabilities, $9 each of current portion of debt, $8 and $9 of current operating lease liabilities, $17 and $26 of long-term debt, $21 and $19 of noncurrent operating lease and $15 and $25 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.