Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Balance Sheets

v3.25.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents [1] $ 334 $ 340
Accounts and notes receivable [1] 789 718
Inventories [1] 1,030 917
Prepaid expenses 95 114
Other current assets 30 29
Total current assets 2,286 2,125
Property, plant and equipment, net [1] 2,494 2,493
Investment in unconsolidated affiliates 317 346
Intangible assets, net 334 344
Goodwill 637 633
Deferred income taxes 61 69
Operating lease right-of-use assets 381 382
Other noncurrent assets [1] 722 722
Total assets 7,232 7,114
Liabilities, Current [Abstract]    
Accrued liabilities [1] 460 416
Current portion of debt [1] 284 325
Current operating lease liabilities [1] 58 54
Total current liabilities 1,540 1,565
Long-term debt [1] 1,670 1,510
Deferred income taxes 191 204
Noncurrent operating lease liabilities [1] 343 348
Other noncurrent liabilities [1] 317 324
Total liabilities 4,061 3,951
Commitments and contingencies (Notes 16 and 17)
Retained earnings 2,193 2,245
Accumulated other comprehensive loss (1,167) (1,200)
Total equity 3,171 3,163
Total liabilities and equity 7,232 7,114
Equity    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 263,202,496 and 262,751,907 shares issued and 172,595,368 and 172,144,779 shares outstanding, respectively 3 3
Additional paid-in capital 4,260 4,233
Treasury stock, 90,607,128 shares (2,290) (2,290)
Unearned stock-based compensation (48) (32)
Retained earnings 2,193 2,245
Accumulated other comprehensive loss (1,167) (1,200)
Total Huntsman Corporation stockholders’ equity 2,951 2,959
Noncontrolling interests in subsidiaries 220 204
Total equity 3,171 3,163
Total liabilities and equity 7,232 7,114
Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 8 7
Liabilities, Current [Abstract]    
Accounts payable 15 12
Nonrelated Party [Member]    
Liabilities, Current [Abstract]    
Accounts payable [1] 723 758
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 334 340
Accounts and notes receivable [1] 789 718
Inventories [1] 1,030 917
Prepaid expenses 95 114
Other current assets 30 29
Total current assets 2,286 2,125
Property, plant and equipment, net [1] 2,494 2,493
Investment in unconsolidated affiliates 317 346
Intangible assets, net 334 344
Goodwill 637 633
Deferred income taxes 61 69
Operating lease right-of-use assets 381 382
Other noncurrent assets [1] 722 722
Total assets 7,232 7,114
Liabilities, Current [Abstract]    
Accrued liabilities [1] 455 411
Current portion of debt [1] 284 325
Current operating lease liabilities [1] 58 54
Total current liabilities 1,535 1,560
Long-term debt [1] 1,670 1,510
Deferred income taxes 195 207
Noncurrent operating lease liabilities [1] 343 348
Other noncurrent liabilities [1] 316 319
Total liabilities 4,059 3,944
Members’ equity, 2,728 units issued and outstanding 3,821 3,814
Retained earnings 284 337
Accumulated other comprehensive loss (1,152) (1,185)
Total Huntsman International LLC members’ equity 2,953 2,966
Noncontrolling interests in subsidiaries 220 204
Total equity 3,173 3,170
Total liabilities and equity 7,232 7,114
Equity    
Retained earnings 284 337
Accumulated other comprehensive loss (1,152) (1,185)
Total equity 3,173 3,170
Total liabilities and equity 7,232 7,114
Huntsman International LLC [Member] | Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 8 7
Liabilities, Current [Abstract]    
Accounts payable 15 12
Huntsman International LLC [Member] | Nonrelated Party [Member]    
Liabilities, Current [Abstract]    
Accounts payable [1] $ 723 $ 758
[1] At March 31, 2025 and December 31, 2024, respectively, $15 and $6 of cash and cash equivalents, $20 and $19 of accounts and notes receivable (net), $63 and $57 of inventories, $124 each of property, plant and equipment (net), $36 and $37 of other noncurrent assets, $108 and $111 of accounts payable, $17 and $21 of accrued liabilities, $9 each of current portion of debt, $9 and $6 of current operating lease liabilities, $5 and $7 of long-term debt, $13 and $15 of noncurrent operating lease liabilities and $16 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.” These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit.