Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents [1] $ 1,594 $ 525
Accounts and notes receivable (net of allowance for doubtful accounts of $22 and $19, respectively), ($252 and $221 pledged as collateral, respectively) [1] 1,013 940
Accounts receivable from affiliates 14 13
Inventories [1] 1,008 914
Other current assets [1] 145 155
Current assets held for sale   1,208
Total current assets 3,774 3,755
Property, plant and equipment, net [1] 2,357 2,383
Investment in unconsolidated affiliates 426 535
Intangible assets, net [1] 351 197
Goodwill 396 276
Deferred income taxes 287 292
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 380 396
Other noncurrent assets [1] 453 452
Total assets 8,458 8,320
Current liabilities:    
Accounts payable [1] 825 765
Accounts payable to affiliates 31 57
Accrued liabilities [1] 739 420
Current portion of debt [1] 134 212
Current operating lease liabilities [1] 45 42
Current liabilities held for sale   512
Total current liabilities 1,774 2,008
Long-term debt [1] 2,049 2,177
Deferred income taxes 54 29
Noncurrent operating lease liabilities [1] 365 384
Other noncurrent liabilities [1] 833 898
Total liabilities 5,075 5,496
Commitments and contingencies (Notes 14 and 15)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 258,124,697 and 257,405,496 shares issued and 219,647,609 and 224,295,868 shares outstanding, respectively 3 3
Additional paid-in capital 4,034 4,008
Treasury stock, 38,477,091 and 33,112,572 shares, respectively (731) (635)
Unearned stock-based compensation (30) (17)
Retained earnings 1,350 690
Accumulated other comprehensive loss (1,383) (1,362)
Total Huntsman Corporation stockholders' equity 3,243 2,687
Noncontrolling interests in subsidiaries 140 137
Total equity 3,383 2,824
Total liabilities and equity 8,458 8,320
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents [1] 1,594 525
Accounts and notes receivable (net of allowance for doubtful accounts of $22 and $19, respectively), ($252 and $221 pledged as collateral, respectively) [1] 1,013 940
Accounts receivable from affiliates 48 410
Inventories [1] 1,008 914
Other current assets [1] 151 161
Current assets held for sale   1,208
Total current assets 3,814 4,158
Property, plant and equipment, net [1] 2,357 2,383
Investment in unconsolidated affiliates 426 535
Intangible assets, net [1] 351 197
Goodwill 396 276
Deferred income taxes 287 292
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 380 396
Other noncurrent assets [1] 453 452
Total assets 8,498 8,723
Current liabilities:    
Accounts payable [1] 825 765
Accounts payable to affiliates 33 143
Accrued liabilities [1] 736 417
Notes payable to affiliates   100
Current portion of debt [1] 134 212
Current operating lease liabilities [1] 45 42
Current liabilities held for sale   512
Total current liabilities 1,773 2,191
Long-term debt [1] 2,049 2,177
Notes payable to affiliates   280
Deferred income taxes 54 29
Noncurrent operating lease liabilities [1] 365 384
Other noncurrent liabilities [1] 829 890
Total liabilities 5,070 5,951
Commitments and contingencies (Notes 14 and 15)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,681 3,675
Retained earnings 979 312
Accumulated other comprehensive loss (1,372) (1,352)
Total Huntsman International LLC members' equity 3,288 2,635
Noncontrolling interests in subsidiaries 140 137
Total equity 3,428 2,772
Total liabilities and equity $ 8,498 $ 8,723
[1] At March 31, 2020 and December 31, 2019, respectively, $3 and nil of cash and cash equivalents, $5 and $13 of accounts and notes receivable (net), $46 and $35 of inventories, $178 and $180 of property, plant and equipment (net), $21 and $20 of other noncurrent assets, $111 and $100 of accounts payable, $11 and $10 of accrued liabilities, $32 and $36 of current portion of debt, $4 each of current operating lease liabilities, $26 and $29 of long-term debt, $12 and $11 of noncurrent operating lease liabilities and $85 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”