Annual report pursuant to Section 13 and 15(d)

VARIABLE INTEREST ENTITIES (Tables)

v3.19.3.a.u2
VARIABLE INTEREST ENTITIES (Tables)
12 Months Ended
Dec. 31, 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 consolidated balance sheets as of December 31, 2019 and 2018 (dollars in millions):

December 31, 

December 31, 

    

2019(1)

    

2018

Current assets

$

50

$

92

Property, plant and equipment, net

180

265

Operating lease right-of-use assets

16

Other noncurrent assets

132

136

Deferred income taxes

30

32

Intangible assets

10

Goodwill

14

Total assets

$

408

$

549

Current liabilities

$

151

$

178

Long-term debt

29

61

Deferred income taxes

11

Noncurrent operating lease liabilities

11

Other noncurrent liabilities

87

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 are as follows (dollars in millions):

Year ended December 31, 

    

2019(1)

    

2018

    

2017

Revenues

$

95

$

154

$

132

Income from continuing operations before income taxes

 

17

 

40

 

25

Net cash provided by operating activities

 

81

 

65

 

51

(1) 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.