Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions
Sep. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 453 [1] $ 966 [1]
Restricted cash 6 [1] 7 [1]
Accounts and notes receivable (net of allowance for doubtful accounts of $51 and $52, respectively), ($739 and $589 pledged as collateral, respectively) 1,762 [1] 1,413 [1]
Accounts receivable from affiliates 14 15
Inventories 1,687 [1] 1,396 [1]
Prepaid expenses 58 46
Deferred income taxes 2 1
Other current assets 292 [1] 164 [1]
Total current assets 4,274 4,008
Property, plant and equipment, net 3,659 [1] 3,605 [1]
Investment in unconsolidated affiliates 206 234
Intangible assets, net 99 [1] 105 [1]
Goodwill 110 94
Deferred income taxes 185 166
Notes receivable from affiliates 6 7
Other noncurrent assets 469 [1] 495 [1]
Total assets 9,008 8,714
Current liabilities:    
Accounts payable 941 [1] 842 [1]
Accounts payable to affiliates 36 45
Accrued liabilities 732 [1] 628 [1]
Deferred income taxes 19 19
Current portion of debt 230 [1] 519 [1]
Total current liabilities 1,958 2,053
Long-term debt 3,847 [1] 3,627 [1]
Notes payable to affiliates 4 4
Deferred income taxes 324 314
Other noncurrent liabilities 941 [1] 866 [1]
Total liabilities 7,074 6,864
Commitments and contingencies (Notes 13 and 14)    
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 241,822,022 and 239,549,365 issued and 235,720,273 and 236,799,455 outstanding in 2011 and 2010, respectively 2 2
Additional paid-in capital 3,228 3,186
Treasury stock, 4,043,526 shares at September 30,2011 (50)  
Unearned stock-based compensation (14) (11)
Accumulated deficit (1,029) (1,090)
Accumulated other comprehensive loss (337) (297)
Total Huntsman Corporation stockholders' equity 1,800 1,790
Noncontrolling interests in subsidiaries 134 60
Total equity 1,934 1,850
Total liabilities and equity 9,008 8,714
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Current assets:    
Cash and cash equivalents 234 561 [1]
Restricted cash 6 [1] 7 [1]
Accounts and notes receivable (net of allowance for doubtful accounts of $51 and $52, respectively), ($739 and $589 pledged as collateral, respectively) 1,762 [1] 1,413 [1]
Accounts receivable from affiliates 131 100
Inventories 1,687 [1] 1,396 [1]
Prepaid expenses 57 45
Deferred income taxes 40 40
Other current assets 287 [1] 160 [1]
Total current assets 4,204 3,722
Property, plant and equipment, net 3,541 [1] 3,469 [1]
Investment in unconsolidated affiliates 206 234
Intangible assets, net 101 [1] 107 [1]
Goodwill 110 94
Deferred income taxes 198 179
Notes receivable from affiliates 6 7
Other noncurrent assets 468 [1] 495 [1]
Total assets 8,834 8,307
Current liabilities:    
Accounts payable 940 [1] 840 [1]
Accounts payable to affiliates 47 59
Accrued liabilities 729 [1] 626 [1]
Deferred income taxes 63 63
Note payable to affiliate 100 100
Current portion of debt 230 [1] 519 [1]
Total current liabilities 2,109 2,207
Long-term debt 3,847 [1] 3,627 [1]
Notes payable to affiliates 544 439
Deferred income taxes 155 94
Other noncurrent liabilities 933 [1] 852 [1]
Total liabilities 7,588 7,219
Commitments and contingencies (Notes 13 and 14)    
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,076 3,049
Accumulated deficit (1,574) (1,667)
Accumulated other comprehensive loss (390) (354)
Total Huntsman International LLC members' equity 1,112 1,028
Noncontrolling interests in subsidiaries 134 60
Total equity 1,246 1,088
Total liabilities and equity $ 8,834 $ 8,307
[1] At September 30, 2011 and December 31, 2010, respectively, $61 and $7 of cash and cash equivalents, $2 and nil of restricted cash, $35 and $8 of accounts and notes receivable (net), $53 and $45 of inventories, $2 each of other current assets, $412 and $275 of property, plant and equipment (net), $24 and $7 of intangible assets (net), $21 and $18 of other noncurrent assets, $62 and $56 of accounts payable, $19 and $16 of accrued liabilities, $27 and $15 of current portion of debt, $279 and $185 of long-term debt, and $97 and $109 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 5. Variable Interest Entities."