Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Balance Sheets

v3.25.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents [1] $ 468 $ 340
Accounts and notes receivable [1] 761 718
Inventories [1] 836 917
Prepaid expenses 57 114
Other current assets 53 29
Total current assets 2,182 2,125
Property, plant and equipment, net [1] 2,475 2,493
Investment in unconsolidated affiliates 301 346
Intangible assets, net 317 344
Goodwill 628 633
Deferred income taxes 63 69
Operating lease right-of-use assets 365 382
Other noncurrent assets [1] 751 722
Total assets 7,082 7,114
Liabilities, Current [Abstract]    
Accrued liabilities [1] 478 416
Current portion of debt [1] 378 325
Current operating lease liabilities [1] 57 54
Total current liabilities 1,601 1,565
Long-term debt [1] 1,630 1,510
Deferred income taxes 177 204
Noncurrent operating lease liabilities [1] 336 348
Other noncurrent liabilities [1] 337 324
Total liabilities 4,081 3,951
Retained earnings 1,922 2,245
Accumulated other comprehensive loss (1,094) (1,200)
Total equity 3,001 3,163
Total liabilities and equity 7,082 7,114
Commitments and contingencies (Notes 16 and 17)
Equity    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 263,205,484 and 262,751,907 shares issued and 172,598,356 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 (35) (32)
Retained earnings 1,922 2,245
Accumulated other comprehensive loss (1,094) (1,200)
Total Huntsman Corporation stockholders’ equity 2,766 2,959
Noncontrolling interests in subsidiaries 235 204
Total equity 3,001 3,163
Total liabilities and equity 7,082 7,114
Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 7 7
Liabilities, Current [Abstract]    
Accounts payable 21 12
Nonrelated Party [Member]    
Liabilities, Current [Abstract]    
Accounts payable [1] 667 758
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 468 340
Accounts and notes receivable [1] 761 718
Inventories [1] 836 917
Prepaid expenses 57 114
Other current assets 53 29
Total current assets 2,182 2,125
Property, plant and equipment, net [1] 2,475 2,493
Investment in unconsolidated affiliates 301 346
Intangible assets, net 317 344
Goodwill 628 633
Deferred income taxes 63 69
Operating lease right-of-use assets 365 382
Other noncurrent assets [1] 751 722
Total assets 7,082 7,114
Liabilities, Current [Abstract]    
Accrued liabilities [1] 475 411
Current portion of debt [1] 378 325
Current operating lease liabilities [1] 57 54
Total current liabilities 1,598 1,560
Long-term debt [1] 1,630 1,510
Deferred income taxes 181 207
Noncurrent operating lease liabilities [1] 336 348
Other noncurrent liabilities [1] 329 319
Total liabilities 4,074 3,944
Members’ equity, 2,728 units issued and outstanding 3,835 3,814
Retained earnings 17 337
Accumulated other comprehensive loss (1,079) (1,185)
Total Huntsman International LLC members’ equity 2,773 2,966
Noncontrolling interests in subsidiaries 235 204
Total equity 3,008 3,170
Total liabilities and equity 7,082 7,114
Commitments and contingencies (Notes 16 and 17)
Equity    
Retained earnings 17 337
Accumulated other comprehensive loss (1,079) (1,185)
Total equity 3,008 3,170
Total liabilities and equity 7,082 7,114
Huntsman International LLC [Member] | Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 7 7
Liabilities, Current [Abstract]    
Accounts payable 21 12
Huntsman International LLC [Member] | Nonrelated Party [Member]    
Liabilities, Current [Abstract]    
Accounts payable [1] $ 667 $ 758
[1] At September 30, 2025 and December 31, 2024, respectively, $16 and $6 of cash and cash equivalents, $18 and $19 of accounts and notes receivable (net), $46 and $57 of inventories, $123 and $124 of property, plant and equipment (net), $35 and $37 of other noncurrent assets, $90 and $111 of accounts payable, $15 and $21 of accrued liabilities, $9 each of current portion of debt, $7 and $6 of current operating lease liabilities, nil and $7 of long-term debt, $11 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.