Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents [1] $ 429 $ 340
Accounts and notes receivable [1] 670 718
Inventories [1] 818 917
Prepaid expenses 94 114
Other current assets 46 29
Total current assets 2,064 2,125
Property, plant and equipment, net [1],[2] 2,486 2,493
Investment in unconsolidated affiliates 309 346
Intangible assets, net 308 344
Goodwill 630 633
Deferred income taxes 49 69
Operating lease right-of-use assets 365 382
Other noncurrent assets [1] 804 722
Total assets 7,015 7,114
Liabilities, Current [Abstract]    
Accrued liabilities [1] 458 416
Current portion of debt [1] 353 325
Current operating lease liabilities [1] 57 54
Total current liabilities 1,589 1,565
Long-term debt [1] 1,658 1,510
Deferred income taxes 156 204
Noncurrent operating lease liabilities [1] 333 348
Other noncurrent liabilities [1] 322 324
Total liabilities 4,058 3,951
Commitments and contingencies (Notes 21 and 22)
Huntsman Corporation stockholders’ equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 263,229,465 and 262,751,907 shares issued and 172,622,337 and 172,144,779 shares outstanding, respectively 3 3
Additional paid-in capital 4,261 4,233
Treasury stock, 90,607,128 shares (2,290) (2,290)
Unearned stock-based compensation (28) (32)
Retained earnings 1,810 2,245
Accumulated other comprehensive loss (1,006) (1,200)
Total Huntsman Corporation stockholders’ equity 2,750 2,959
Noncontrolling interests in subsidiaries 207 204
Total equity 2,957 3,163
Total liabilities and equity 7,015 7,114
Huntsman International LLC members’ equity:    
Retained earnings 1,810 2,245
Accumulated other comprehensive loss (1,006) (1,200)
Total equity 2,957 3,163
Total liabilities and equity 7,015 7,114
Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 7 7
Liabilities, Current [Abstract]    
Accounts payable 22 12
Nonrelated Party [Member]    
Liabilities, Current [Abstract]    
Accounts payable [1] 699 758
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 429 340
Accounts and notes receivable [1] 670 718
Inventories [1] 818 917
Prepaid expenses 94 114
Other current assets 46 29
Total current assets 2,064 2,125
Property, plant and equipment, net [1] 2,486 2,493
Investment in unconsolidated affiliates 309 346
Intangible assets, net 308 344
Goodwill 630 633
Deferred income taxes 49 69
Operating lease right-of-use assets 365 382
Other noncurrent assets [1] 804 722
Total assets 7,015 7,114
Liabilities, Current [Abstract]    
Accrued liabilities [1] 455 411
Current portion of debt [1] 353 325
Current operating lease liabilities [1] 57 54
Total current liabilities 1,586 1,560
Long-term debt [1] 1,658 1,510
Deferred income taxes 160 207
Noncurrent operating lease liabilities [1] 332 348
Other noncurrent liabilities [1] 315 319
Total liabilities 4,051 3,944
Huntsman Corporation stockholders’ equity:    
Retained earnings (96) 337
Accumulated other comprehensive loss (990) (1,185)
Total equity 2,964 3,170
Total liabilities and equity 7,015 7,114
Huntsman International LLC members’ equity:    
Members’ equity, 2,728 units issued and outstanding 3,843 3,814
Retained earnings (96) 337
Accumulated other comprehensive loss (990) (1,185)
Total Huntsman International LLC members’ equity 2,757 2,966
Noncontrolling interests in subsidiaries 207 204
Total equity 2,964 3,170
Total liabilities and equity 7,015 7,114
Huntsman International LLC [Member] | Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 7 7
Liabilities, Current [Abstract]    
Accounts payable 22 12
Huntsman International LLC [Member] | Nonrelated Party [Member]    
Liabilities, Current [Abstract]    
Accounts payable [1] $ 699 $ 758
[1] At December 31, 2025 and December 31, 2024, respectively, $3 and $6 of cash and cash equivalents, $24 and $19 of accounts and notes receivable (net), $50 and $57 of inventories, $122 and $124 of property, plant and equipment (net), $35 and $37 of other noncurrent assets, $91 and $111 of accounts payable, $22 and $21 of accrued liabilities, $7 and $9 of current portion of debt, $6 each of current operating lease liabilities, nil and $7 of long-term debt, $12 and $15 of noncurrent operating lease and $15 and $16 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheets captions above. See “Note 8. 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.
[2] Long-lived assets consist of property, plant and equipment, net.