Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents [1] $ 1,041 $ 1,593
Accounts and notes receivable [1] 1,159 902
Accounts receivable from affiliates 27 8
Inventories [1] 1,201 848
Receivable associated with the Albemarle Settlement 333 0
Other current assets 167 217
Total current assets 3,928 3,568
Property, plant and equipment, net [1],[2] 2,576 2,505
Investment in unconsolidated affiliates 470 373
Intangible assets, net 469 453
Goodwill 650 533
Deferred income taxes 206 288
Operating lease right-of-use assets 403 445
Other noncurrent assets [1] 690 548
Total assets 9,392 8,713
Current liabilities:    
Accounts payable [1] 1,148 842
Accounts payable to affiliates 60 34
Accrued liabilities [1] 780 458
Current portion of debt [1] 12 593
Current operating lease liabilities [1] 51 52
Total current liabilities 2,051 1,979
Long-term debt [1] 1,538 1,528
Deferred income taxes 161 212
Noncurrent operating lease liabilities [1] 370 411
Other noncurrent liabilities [1] 713 910
Total liabilities 4,833 5,040
Commitments and contingencies (Notes 20 and 21)
Common stock $0.01 par value, 1,200,000,000 shares authorized, 259,701,770 and 258,520,411 shares issued and 214,170,287 and 220,046,262 shares outstanding, respectively 3 3
Additional paid-in capital 4,102 4,048
Treasury stock, 45,531,489 and 38,477,091 shares, respectively (934) (731)
Unearned stock-based compensation (25) (19)
Retained earnings 2,435 1,564
Accumulated other comprehensive loss (1,203) (1,346)
Total Huntsman Corporation stockholders’ equity 4,378 3,519
Noncontrolling interests in subsidiaries 181 154
Total equity 4,559 3,673
Total liabilities and equity 9,392 8,713
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 1,039 1,591
Accounts and notes receivable [1] 1,159 902
Accounts receivable from affiliates 269 47
Inventories [1] 1,201 848
Receivable associated with the Albemarle Settlement 333 0
Other current assets 165 223
Total current assets 4,166 3,611
Property, plant and equipment, net [1] 2,576 2,505
Investment in unconsolidated affiliates 470 373
Intangible assets, net 469 453
Goodwill 650 533
Deferred income taxes 206 288
Operating lease right-of-use assets 403 445
Other noncurrent assets [1] 691 548
Total assets 9,631 8,756
Current liabilities:    
Accounts payable [1] 1,145 842
Accounts payable to affiliates 62 36
Accrued liabilities [1] 771 455
Current portion of debt [1] 12 593
Current operating lease liabilities [1] 51 52
Total current liabilities 2,041 1,978
Long-term debt [1] 1,538 1,528
Deferred income taxes 163 214
Noncurrent operating lease liabilities [1] 370 411
Other noncurrent liabilities [1] 700 900
Total liabilities 4,812 5,031
Commitments and contingencies (Notes 20 and 21)
Retained earnings 2,093 1,203
Accumulated other comprehensive loss (1,187) (1,333)
Total equity 4,819 3,725
Total liabilities and equity 9,631 8,756
Members’ equity, 2,728 units issued and outstanding 3,732 3,701
Total Huntsman International LLC members’ equity 4,638 3,571
Noncontrolling interests in subsidiaries $ 181 $ 154
[1] At December 31, 2021 and December 31, 2020, respectively, $1 and $2 of cash and cash equivalents, $12 and $6 of accounts and notes receivable (net), $64 and $38 of inventories, $161 and $167 of property, plant and equipment (net), $23 each of other noncurrent assets, $146 and $119 of accounts payable, $13 each of accrued liabilities, $10 and $47 of current portion of debt, $6 and $5 of current operating lease liabilities, $35 and $3 of long-term debt, $20 and $17 of noncurrent operating lease and $46 and $82 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheets captions above. See “Note 8. Variable Interest Entities.”
[2] Long-lived assets consist of property, plant and equipment, net.