Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents [1] $ 340 $ 540
Accounts and notes receivable [1] 718 747
Inventories [1] 917 867
Prepaid expenses 114 92
Other current assets 29 62
Total current assets 2,125 2,314
Property, plant and equipment, net [1],[2] 2,493 2,376
Investment in unconsolidated affiliates 346 438
Intangible assets, net 344 387
Goodwill 633 644
Deferred income taxes 69 112
Operating lease right-of-use assets 382 366
Other noncurrent assets [1] 722 611
Total assets 7,114 7,248
Current liabilities:    
Accrued liabilities [1] 416 395
Current portion of debt [1] 325 12
Current operating lease liabilities [1] 54 46
Total current liabilities 1,565 1,172
Long-term debt [1] 1,510 1,676
Deferred income taxes 204 243
Noncurrent operating lease liabilities [1] 348 334
Other noncurrent liabilities [1] 324 345
Total liabilities 3,951 3,770
Commitments and contingencies (Notes 20 and 21)
Common stock $0.01 par value, 1,200,000,000 shares authorized, 262,751,907 and 262,190,459 shares issued and 172,144,779 and 171,583,331 shares outstanding, respectively 3 3
Additional paid-in capital 4,233 4,202
Treasury stock, 90,607,128 shares (2,290) (2,290)
Unearned stock-based compensation (32) (41)
Retained earnings 2,245 2,622
Accumulated other comprehensive loss (1,200) (1,245)
Total Huntsman Corporation stockholders’ equity 2,959 3,251
Noncontrolling interests in subsidiaries 204 227
Total equity 3,163 3,478
Total liabilities and equity 7,114 7,248
Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 7 6
Current liabilities:    
Accounts payable 12 59
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable [1] 758 660
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 340 540
Accounts and notes receivable [1] 718 747
Inventories [1] 917 867
Prepaid expenses 114 92
Other current assets 29 67
Total current assets 2,125 2,319
Property, plant and equipment, net [1] 2,493 2,376
Investment in unconsolidated affiliates 346 438
Intangible assets, net 344 387
Goodwill 633 644
Deferred income taxes 69 112
Operating lease right-of-use assets 382 366
Other noncurrent assets [1] 722 611
Total assets 7,114 7,253
Current liabilities:    
Accrued liabilities [1] 411 390
Current portion of debt [1] 325 12
Current operating lease liabilities [1] 54 46
Total current liabilities 1,560 1,166
Long-term debt [1] 1,510 1,676
Deferred income taxes 207 247
Noncurrent operating lease liabilities [1] 348 334
Other noncurrent liabilities [1] 319 339
Total liabilities 3,944 3,762
Retained earnings 337 709
Accumulated other comprehensive loss (1,185) (1,230)
Total equity 3,170 3,491
Total liabilities and equity 7,114 7,253
Members’ equity, 2,728 units issued and outstanding 3,814 3,785
Total Huntsman International LLC members’ equity 2,966 3,264
Noncontrolling interests in subsidiaries 204 227
Huntsman International LLC [Member] | Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 7 6
Current liabilities:    
Accounts payable 12 59
Huntsman International LLC [Member] | Nonrelated Party [Member]    
Current liabilities:    
Accounts payable [1] $ 758 $ 659
[1] At December 31, 2024 and December 31, 2023, respectively, $6 and $2 of cash and cash equivalents, $19 and $16 of accounts and notes receivable (net), $57 and $48 of inventories, $124 and $150 of property, plant and equipment (net), $37 and $32 of other noncurrent assets, $111 and $84 of accounts payable, $21 and $20 of accrued liabilities, $9 each of current portion of debt, $6 and $8 of current operating lease liabilities, $7 and $17 of long-term debt, $15 and $21 of noncurrent operating lease and $16 and $15 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.