Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents [1] $ 1,254 $ 525
Accounts and notes receivable (net of allowance for doubtful accounts of $28 and $19, respectively), ($190 and $221 pledged as collateral, respectively) [1] 828 940
Accounts receivable from affiliates 7 13
Inventories [1] 885 914
Other current assets 130 155
Current assets held for sale   1,208
Total current assets 3,104 3,755
Property, plant and equipment, net [1] 2,457 2,383
Investment in unconsolidated affiliates 427 535
Intangible assets, net [1] 408 197
Goodwill 522 276
Deferred income taxes 289 292
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 419 396
Other noncurrent assets [1] 466 452
Total assets 8,126 8,320
Current liabilities:    
Accounts payable [1] 587 765
Accounts payable to affiliates 23 57
Accrued liabilities [1] 723 420
Current portion of debt [1] 650 212
Current operating lease liabilities [1] 44 42
Current liabilities held for sale   512
Total current liabilities 2,027 2,008
Long-term debt [1] 1,527 2,177
Deferred income taxes 40 29
Noncurrent operating lease liabilities [1] 402 384
Other noncurrent liabilities [1] 806 898
Total liabilities 4,802 5,496
Commitments and contingencies (Notes 15 and 16)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 258,199,600 and 257,405,496 shares issued and 219,747,021 and 224,295,868 shares outstanding, respectively 3 3
Additional paid-in capital 4,037 4,008
Treasury stock, 38,477,091 and 33,112,572 shares, respectively (731) (635)
Unearned stock-based compensation (26) (17)
Retained earnings 1,252 690
Accumulated other comprehensive loss (1,354) (1,362)
Total Huntsman Corporation stockholders' equity 3,181 2,687
Noncontrolling interests in subsidiaries 143 137
Total equity 3,324 2,824
Total liabilities and equity 8,126 8,320
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents [1] 1,253 525
Accounts and notes receivable (net of allowance for doubtful accounts of $28 and $19, respectively), ($190 and $221 pledged as collateral, respectively) [1] 828 940
Accounts receivable from affiliates 42 410
Inventories [1] 885 914
Other current assets 129 161
Current assets held for sale   1,208
Total current assets 3,137 4,158
Property, plant and equipment, net [1] 2,457 2,383
Investment in unconsolidated affiliates 427 535
Intangible assets, net [1] 408 197
Goodwill 522 276
Deferred income taxes 289 292
Notes receivable from affiliate 34 34
Operating lease right-of-use assets 419 396
Other noncurrent assets [1] 466 452
Total assets 8,159 8,723
Current liabilities:    
Accounts payable [1] 587 765
Accounts payable to affiliates 25 143
Accrued liabilities [1] 714 417
Notes payable to affiliates   100
Current portion of debt [1] 650 212
Current operating lease liabilities [1] 44 42
Current liabilities held for sale   512
Total current liabilities 2,020 2,191
Long-term debt [1] 1,527 2,177
Notes payable to affiliates   280
Deferred income taxes 41 29
Noncurrent operating lease liabilities [1] 402 384
Other noncurrent liabilities [1] 800 890
Total liabilities 4,790 5,951
Commitments and contingencies (Notes 15 and 16)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:    
Members' equity, 2,728 units issued and outstanding 3,688 3,675
Retained earnings 881 312
Accumulated other comprehensive loss (1,343) (1,352)
Total Huntsman International LLC members' equity 3,226 2,635
Noncontrolling interests in subsidiaries 143 137
Total equity 3,369 2,772
Total liabilities and equity $ 8,159 $ 8,723
[1] At June 30, 2020 and December 31, 2019, respectively, $1 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $32 and $35 of inventories, $173 and $180 of property, plant and equipment (net), $22 and $20 of other noncurrent assets, $79 and $100 of accounts payable, $13 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $4 each of current operating lease liabilities, $6 and $29 of long-term debt, $13 and $11 of noncurrent operating lease liabilities and $83 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.”