Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.20.1
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended
Sep. 30, 2019
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Assets and liabilities of VIE        
Current assets   $ 3,774   $ 3,755
Property, plant and equipment, net [1]   2,357   2,383
Operating lease right-of-use assets   380   396
Deferred income taxes   287   292
Intangible assets [1]   351   197
Goodwill   396   276
Total assets   8,458   8,320
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
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities        
Total revenues   1,593 $ 1,669  
Income from continuing operations before income taxes   (62) 153  
Net cash provided by operating activities   (75) (31)  
Sasol Huntsman GmbH and Co. KG        
Identification of variable interest entities through investments and transactions        
Percentage of joint interest acquired 50.00%      
Consolidated VIE's        
Assets and liabilities of VIE        
Current assets   55   50
Property, plant and equipment, net   178   180
Operating lease right-of-use assets   17   16
Other noncurrent assets   139   132
Deferred income taxes   30   30
Total assets   419   408
Current liabilities   159   151
Long-term debt   26   29
Noncurrent operating lease liabilities   12   11
Other noncurrent liabilities   85   87
Total liabilities   282   $ 278
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities        
Total revenues     36  
Income from continuing operations before income taxes   1 9  
Net cash provided by operating activities   $ 6 $ 31  
Rubicon LLC        
Identification of variable interest entities through investments and transactions        
Variable interest entity ownership percentage   50.00%    
Arabian Amines Company        
Identification of variable interest entities through investments and transactions        
Variable interest entity ownership percentage   50.00%    
[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.”