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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents [1] $ 540 $ 654
Accounts and notes receivable [1] 747 813
Inventories [1] 867 995
Other current assets 154 190
Current assets held for sale 0 472
Total current assets 2,314 3,145
Property, plant and equipment, net [1],[2] 2,376 2,377
Investment in unconsolidated affiliates 438 425
Intangible assets, net 387 425
Goodwill 644 641
Deferred income taxes 112 147
Operating lease right-of-use assets 366 374
Other noncurrent assets [1] 611 686
Total assets 7,248 8,220 Close
Current liabilities:    
Accrued liabilities [1] 395 429
Current portion of debt [1] 12 66
Current operating lease liabilities [1] 46 51
Current liabilities held for sale 0 194
Total current liabilities 1,172 1,701
Long-term debt [1] 1,676 1,671
Deferred income taxes 243 250
Noncurrent operating lease liabilities [1] 334 336
Other noncurrent liabilities [1] 345 422
Total liabilities 3,770 4,380 Close
Commitments and contingencies (Notes 20 and 21)
Common stock $0.01 par value, 1,200,000,000 shares authorized, 262,190,459 and 261,148,217 shares issued and 171,583,331 and 183,634,464 shares outstanding, respectively 3 3 Close
Additional paid-in capital 4,202 4,156
Treasury stock, 90,607,128 and 77,513,753 shares, respectively (2,290) (1,937)
Unearned stock-based compensation (41) (35)
Retained earnings 2,622 2,705
Accumulated other comprehensive loss (1,245) (1,268)
Total Huntsman Corporation stockholders’ equity 3,251 3,624
Noncontrolling interests in subsidiaries 227 216 Close
Total equity 3,478 3,840 Close
Total liabilities and equity 7,248 8,220
Nonrelated Party [Member]    
Current assets:    
Accounts receivable from affiliates 6 21
Current liabilities:    
Accounts payable [1] 660 907
Related Party [Member]    
Current liabilities:    
Accounts payable 59 54
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 540 654
Accounts and notes receivable [1] 747 813
Inventories [1] 867 995
Other current assets 159 196
Current assets held for sale 0 472
Total current assets 2,319 3,151
Property, plant and equipment, net [1] 2,376 2,377
Investment in unconsolidated affiliates 438 425
Intangible assets, net 387 425
Goodwill 644 641
Deferred income taxes 112 147
Operating lease right-of-use assets 366 374
Other noncurrent assets [1] 611 686
Total assets 7,253 8,226
Current liabilities:    
Accrued liabilities [1] 390 427
Current portion of debt [1] 12 66
Current operating lease liabilities [1] 46 51
Current liabilities held for sale 0 194
Total current liabilities 1,166 1,699
Long-term debt [1] 1,676 1,671
Deferred income taxes 247 254
Noncurrent operating lease liabilities [1] 334 336
Other noncurrent liabilities [1] 339 414
Total liabilities 3,762 4,374
Retained earnings 709 1,130
Accumulated other comprehensive loss (1,230) (1,253)
Total equity 3,491 3,852
Total liabilities and equity 7,253 8,226
Members’ equity, 2,728 units issued and outstanding 3,785 3,759
Total Huntsman International LLC members’ equity 3,264 3,636
Noncontrolling interests in subsidiaries 227 216
Huntsman International LLC [Member] | Nonrelated Party [Member]    
Current liabilities:    
Accounts payable [1] 659 907
Huntsman International LLC [Member] | Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 6 21
Current liabilities:    
Accounts payable $ 59 $ 54
[1] At December 31, 2023 and December 31, 2022, respectively, $2 and $5 of cash and cash equivalents, $16 and $4 of accounts and notes receivable (net), $48 and $59 of inventories, $150 and $149 of property, plant and equipment (net), $32 and $29 of other noncurrent assets, $84 and $114 of accounts payable, $20 and $12 of accrued liabilities, $9 each of current portion of debt, $8 and $9 of current operating lease liabilities, $17 and $26 of long-term debt, $21 and $19 of noncurrent operating lease and $15 and $25 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.