Annual report pursuant to Section 13 and 15(d)

Note 8 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details)

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Note 8 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets $ 3,928 $ 3,568  
Property, plant and equipment, net [1],[2] 2,576 2,505  
Operating lease right-of-use assets 403 445  
Deferred income taxes 206 288  
Total assets 9,392 8,713  
Current liabilities 2,051 1,979  
Long-term debt [1] 1,538 1,528  
Noncurrent operating lease liabilities [1] 370 411  
Other noncurrent liabilities [1] 713 910  
Deferred income taxes 161 212  
Total liabilities 4,833 5,040  
Revenues [3] 8,453 6,018 $ 6,797
Income from continuing operations before income taxes 1,313 337 391
Net cash provided by operating activities 952 253 897
Variable Interest Entity, Primary Beneficiary [Member]      
Current assets 81 49  
Property, plant and equipment, net 161 167  
Operating lease right-of-use assets 26 22  
Other noncurrent assets 148 138  
Deferred income taxes 21 30  
Total assets 437 406  
Current liabilities 176 183  
Long-term debt 35 3  
Noncurrent operating lease liabilities 20 17  
Other noncurrent liabilities 46 82  
Deferred income taxes 0 1  
Total liabilities 277 286  
Revenues 0 0 95 [4]
Income from continuing operations before income taxes 12 4 17 [4]
Net cash provided by operating activities $ 33 $ 10 $ 81 [4]
[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.
[3] Geographic information for revenues is based upon countries into which product is sold.
[4] 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.