Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Statements of Cash Flows

v3.25.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Operating activities:      
Net income (loss) $ 11 $ (23)  
Less: Loss from discontinued operations, net of tax 1 7  
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 12 (16)  
Adjustments to reconcile income (loss) from continuing operations to net cash used in operating activities from continuing operations:      
Equity in income of investment in unconsolidated affiliates (1) (19)  
Depreciation and amortization 69 69  
Noncash lease expense 19 19  
Gain on acquisition of assets, net (5) (52)  
Noncash prepaid asset write-off 0 71  
Deferred income taxes (1) (33)  
Noncash stock-based compensation 9 9  
Other, net 3 6  
Changes in operating assets and liabilities:      
Accounts and notes receivable (65) (87)  
Inventories (101) (38)  
Prepaid expenses 26 0  
Other current assets (1) (1)  
Other noncurrent assets (3) (2)  
Accounts payable (32) 30  
Accrued liabilities 33 (9)  
Other noncurrent liabilities (33) (10)  
Net cash used in operating activities from continuing operations (71) (63)  
Net cash used in operating activities from discontinued operations (3) (2)  
Net cash used in operating activities (74) (65)  
Investing activities:      
Capital expenditures (36) (42)  
Cash received from return of investment in unconsolidated subsidiary 41 0  
Cash received from sale of businesses, net 0 12  
Other 1 0  
Net cash provided by (used in) investing activities 6 (30)  
Other, net 1 0  
Financing activities:      
Net borrowings on revolving loan facilities 427 191  
Repayments of long-term debt (319) (3)  
Principal payments on note payable 0 (28)  
Dividends paid to common stockholders (44) (44)  
Repurchase and cancellation of awards (3) (5)  
Repurchase of common stock 0 (1)  
Other, net (1) (2)  
Net cash provided by financing activities 60 108  
Effect of exchange rate changes on cash 2 (1)  
(Decrease) increase in cash and cash equivalents (6) 12  
Cash and cash equivalents at beginning of period 340 540 $ 540
Cash and cash equivalents at end of period 334 552 340
Supplemental cash flow information:      
Cash paid for interest 8 12  
Cash paid for income taxes 12 15  
Huntsman International LLC [Member]      
Operating activities:      
Net income (loss) 11 (21)  
Less: Loss from discontinued operations, net of tax 1 7  
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 12 (14)  
Adjustments to reconcile income (loss) from continuing operations to net cash used in operating activities from continuing operations:      
Equity in income of investment in unconsolidated affiliates (1) (19)  
Depreciation and amortization 69 69  
Noncash lease expense 19 19  
Gain on acquisition of assets, net (5) (52)  
Noncash prepaid asset write-off 0 71  
Deferred income taxes 0 (32)  
Noncash stock-based compensation 7 8  
Other, net 5 5  
Changes in operating assets and liabilities:      
Accounts and notes receivable (65) (87)  
Inventories (101) (38)  
Prepaid expenses 26 0  
Other current assets (1) (1)  
Other noncurrent assets (3) (2)  
Accounts payable (32) 30  
Accrued liabilities 33 (9)  
Other noncurrent liabilities (33) (10)  
Net cash used in operating activities from continuing operations (70) (62)  
Net cash used in operating activities from discontinued operations (3) (2)  
Net cash used in operating activities (73) (64)  
Investing activities:      
Capital expenditures (36) (42)  
Cash received from return of investment in unconsolidated subsidiary 41 0  
Cash received from sale of businesses, net 0 12  
Other 1 0  
Net cash provided by (used in) investing activities 1 (39)  
Increase in receivable from affiliate (5) (9)  
Other, net 1 0  
Financing activities:      
Net borrowings on revolving loan facilities 427 191  
Repayments of long-term debt (319) (3)  
Principal payments on note payable 0 (28)  
Other, net (1) (1)  
Net cash provided by financing activities 64 116  
Effect of exchange rate changes on cash 2 (1)  
(Decrease) increase in cash and cash equivalents (6) 12  
Cash and cash equivalents at beginning of period 340 540 540
Cash and cash equivalents at end of period 334 552 $ 340
Dividends paid to parent (43) (43)  
Supplemental cash flow information:      
Cash paid for interest 8 12  
Cash paid for income taxes $ 12 $ 15