Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.22.2.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents [1] $ 515 $ 1,041
Accounts and notes receivable (net of allowance for doubtful accounts of $11 and $12, respectively), ($348 and $324 pledged as collateral, respectively)(a) [1] 981 988
Accounts receivable from affiliates 23 27
Inventories [1] 1,079 1,038
Receivable associated with the Albemarle Settlement 0 333
Other current assets 115 155
Current assets held for sale 483 346
Total current assets 3,196 3,928
Property, plant and equipment, net [1] 2,288 2,443
Investment in unconsolidated affiliates 430 470
Intangible assets, net 433 469
Goodwill 636 650
Deferred income taxes 167 180
Operating lease right-of-use assets 359 381
Other noncurrent assets [1] 623 689
Noncurrent assets held for sale 0 182
Total assets 8,132 9,392
Current liabilities:    
Accounts payable [1] 865 1,054
Accounts payable to affiliates 33 60
Accrued liabilities [1] 393 713
Current portion of debt [1] 12 12
Current operating lease liabilities [1] 50 49
Current liabilities held for sale 242 163
Total current liabilities 1,595 2,051
Long-term debt [1] 1,476 1,538
Deferred income taxes 249 161
Noncurrent operating lease liabilities [1] 326 346
Other noncurrent liabilities [1] 502 586
Noncurrent liabilities held for sale 0 151
Total liabilities 4,148 4,833
Commitments and contingencies (Notes 15 and 16)
Common stock $0.01 par value, 1,200,000,000 shares authorized, 261,142,535 and 259,701,770 shares issued and 192,757,360 and 214,170,287 shares outstanding, respectively 3 3
Additional paid-in capital 4,155 4,102
Treasury stock, 68,385,175 and 45,531,489 shares, respectively (1,686) (934)
Unearned stock-based compensation (37) (25)
Retained earnings 2,836 2,435
Accumulated other comprehensive loss (1,497) (1,203)
Total Huntsman Corporation stockholders’ equity 3,774 4,378
Noncontrolling interests in subsidiaries 210 181
Total equity 3,984 4,559
Total liabilities and equity 8,132 9,392
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 515 1,039
Accounts and notes receivable (net of allowance for doubtful accounts of $11 and $12, respectively), ($348 and $324 pledged as collateral, respectively)(a) [1] 981 988
Accounts receivable from affiliates 1,035 269
Inventories [1] 1,079 1,038
Receivable associated with the Albemarle Settlement 0 333
Other current assets 115 153
Current assets held for sale 483 346
Total current assets 4,208 4,166
Property, plant and equipment, net [1] 2,288 2,443
Investment in unconsolidated affiliates 430 470
Intangible assets, net 433 469
Goodwill 636 650
Deferred income taxes 167 180
Operating lease right-of-use assets 359 381
Other noncurrent assets [1] 623 690
Noncurrent assets held for sale 0 182
Total assets 9,144 9,631
Current liabilities:    
Accounts payable [1] 865 1,051
Accounts payable to affiliates 40 62
Accrued liabilities [1] 386 704
Current portion of debt [1] 12 12
Current operating lease liabilities [1] 50 49
Current liabilities held for sale 242 163
Total current liabilities 1,595 2,041
Long-term debt [1] 1,476 1,538
Deferred income taxes 251 163
Noncurrent operating lease liabilities [1] 326 346
Other noncurrent liabilities [1] 494 573
Noncurrent liabilities held for sale 0 151
Total liabilities 4,142 4,812
Commitments and contingencies (Notes 15 and 16)
Retained earnings 2,518 2,093
Accumulated other comprehensive loss (1,482) (1,187)
Total equity 5,002 4,819
Total liabilities and equity 9,144 9,631
Members’ equity, 2,728 units issued and outstanding 3,756 3,732
Total Huntsman International LLC members’ equity 4,792 4,638
Noncontrolling interests in subsidiaries $ 210 $ 181
[1] At September 30, 2022 and December 31, 2021, respectively, $22 and $1 of cash and cash equivalents, $4 and $12 of accounts and notes receivable (net), $60 and $64 of inventories, $161 each of property, plant and equipment (net), $29 and $23 of other noncurrent assets, $126 and $146 of accounts payable, $11 and $13 of accrued liabilities, $10 each of current portion of debt, $10 and $6 of current operating lease liabilities, $28 and $35 of long-term debt, $21 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."