Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents [1] $ 608 $ 1,041
Accounts and notes receivable [1] 1,259 1,159
Accounts receivable from affiliates 29 27
Inventories [1] 1,401 1,201
Receivable associated with the Albemarle Settlement 0 333
Other current assets 140 167
Total current assets 3,437 3,928
Property, plant and equipment, net [1] 2,486 2,576
Investment in unconsolidated affiliates 431 470
Intangible assets, net 448 469
Goodwill 648 650
Deferred income taxes 196 206
Operating lease right-of-use assets 407 403
Other noncurrent assets [1] 668 690
Total assets 8,721 9,392
Current liabilities:    
Accounts payable [1] 1,069 1,148
Accounts payable to affiliates 59 60
Accrued liabilities [1] 426 780
Current portion of debt [1] 13 12
Current operating lease liabilities [1] 55 51
Total current liabilities 1,622 2,051
Long-term debt [1] 1,508 1,538
Deferred income taxes 220 161
Noncurrent operating lease liabilities [1] 370 370
Other noncurrent liabilities [1] 650 713
Total liabilities 4,370 4,833
Commitments and contingencies (Notes 15 and 16)
Common stock $0.01 par value, 1,200,000,000 shares authorized, 261,124,462 and 259,701,770 shares issued and 201,672,202 and 214,170,287 shares outstanding, respectively 3 3
Additional paid-in capital 4,154 4,102
Treasury stock, 59,452,260 and 45,531,489 shares, respectively (1,435) (934)
Unearned stock-based compensation (41) (25)
Retained earnings 2,778 2,435
Accumulated other comprehensive loss (1,312) (1,203)
Total Huntsman Corporation stockholders’ equity 4,147 4,378
Noncontrolling interests in subsidiaries 204 181
Total equity 4,351 4,559
Total liabilities and equity 8,721 9,392
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 608 1,039
Accounts and notes receivable [1] 1,259 1,159
Accounts receivable from affiliates 787 269
Inventories [1] 1,401 1,201
Receivable associated with the Albemarle Settlement 0 333
Other current assets 140 165
Total current assets 4,195 4,166
Property, plant and equipment, net [1] 2,486 2,576
Investment in unconsolidated affiliates 431 470
Intangible assets, net 448 469
Goodwill 648 650
Deferred income taxes 196 206
Operating lease right-of-use assets 407 403
Other noncurrent assets [1] 668 691
Total assets 9,479 9,631
Current liabilities:    
Accounts payable [1] 1,068 1,145
Accounts payable to affiliates 61 62
Accrued liabilities [1] 419 771
Current portion of debt [1] 13 12
Current operating lease liabilities [1] 55 51
Total current liabilities 1,616 2,041
Long-term debt [1] 1,508 1,538
Deferred income taxes 222 163
Noncurrent operating lease liabilities [1] 370 370
Other noncurrent liabilities [1] 644 700
Total liabilities 4,360 4,812
Commitments and contingencies (Notes 15 and 16)
Retained earnings 2,461 2,093
Accumulated other comprehensive loss (1,297) (1,187)
Total equity 5,119 4,819
Total liabilities and equity 9,479 9,631
Members’ equity, 2,728 units issued and outstanding 3,751 3,732
Total Huntsman International LLC members’ equity 4,915 4,638
Noncontrolling interests in subsidiaries $ 204 $ 181
[1] At June 30, 2022 and December 31, 2021, respectively, $6 and $1 of cash and cash equivalents, $5 and $12 of accounts and notes receivable (net), $70 and $64 of inventories, $158 and $161 of property, plant and equipment (net), $25 and $23 of other noncurrent assets, $127 and $146 of accounts payable, $8 and $13 of accrued liabilities, $9 and $10 of current portion of debt, $10 and $6 of current operating lease liabilities, $31 and $35 of long-term debt, $23 and $20 of noncurrent operating lease liabilities and $45 and $46 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.” ?