Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Tables)

v3.19.3
VARIABLE INTEREST ENTITIES (Tables)
9 Months Ended
Sep. 30, 2019
VARIABLE INTEREST ENTITIES  
Schedule of financial information of VIE's

The following table summarizes the carrying amount of our variable interest entities’ assets and liabilities included in our condensed consolidated balance sheet as of September 30, 2019 and our consolidated balance sheet as of December 31, 2018 (dollars in millions):

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​

​

​

​

​

​

​

​

​

September 30, 

​

December 31, 

​

    

2019(1)

    

2018

Current assets

​

$

51

​

$

92

Property, plant and equipment, net

​

​

199

​

​

265

Operating lease right-of-use assets

​

​

17

​

​

—

Other noncurrent assets

​

​

122

​

​

136

Deferred income taxes

​

​

32

​

​

32

Intangible assets

​

​

—

​

​

10

Goodwill

​

​

—

​

​

14

Total assets

​

$

421

​

$

549

Current liabilities

​

$

135

​

$

178

Long-term debt

​

​

42

​

​

61

Deferred income taxes

​

​

—

​

​

11

Noncurrent operating lease liabilities

​

​

13

​

​

—

Other noncurrent liabilities

​

​

88

​

​

97

Total liabilities

​

$

278

​

$

347

(1)As of September 30, 2019, Sasol-Huntsman was no longer accounted for as a variable interest entity.

The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities for the three and nine months ended September 30, 2019 and 2018 are as follows (dollars in millions):

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months

​

Nine months

​

​

ended

​

ended

​

​

September 30, 

​

September 30, 

​

​

2019

    

2018

​

2019

    

2018

Revenues

​

$

28

​

$

39

​

$

95

​

$

116

Income from continuing operations before income taxes

​

​

3

​

​

8

​

​

16

​

​

27

Net cash provided by operating activities

​

​

12

​

​

21

​

​

72

​

​

50