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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents [1] $ 346 $ 429
Accounts and notes receivable [1] 871 670
Inventories [1] 935 818
Prepaid expenses 79 94
Other current assets 38 46
Total current assets 2,278 2,064
Property, plant and equipment, net [1] 2,408 2,486
Investment in unconsolidated affiliates 324 309
Intangible assets, net 285 308
Goodwill 622 630
Deferred income taxes 44 49
Operating lease right-of-use assets 389 365
Other noncurrent assets [1] 840 804
Total assets 7,190 7,015
Current liabilities:    
Accrued liabilities [1] 414 421
Current portion of debt [1] 364 353
Current operating lease liabilities [1] 55 57
Total current liabilities 1,719 1,589
Long-term debt 1,723 1,658
Deferred income taxes 147 156
Noncurrent operating lease liabilities [1] 359 333
Other noncurrent liabilities [1] 313 322
Total liabilities 4,261 4,058
Commitments and contingencies (Notes 15 and 16)
Huntsman Corporation stockholders’ equity:    
Common stock $0.01 par value, 1,200,000,000 shares authorized, 264,018,984 and 263,229,465 shares issued and 173,411,856 and 172,622,337 shares outstanding, respectively 3 3
Additional paid-in capital 4,295 4,261
Treasury stock, 90,607,128 shares (2,290) (2,290)
Unearned stock-based compensation (43) (28)
Retained earnings 1,718 1,810
Accumulated other comprehensive loss (991) (1,006)
Total Huntsman Corporation stockholders’ equity 2,692 2,750
Noncontrolling interests in subsidiaries 237 207
Total equity 2,929 2,957
Total liabilities and equity 7,190 7,015
Huntsman International LLC members’ equity:    
Retained earnings 1,718 1,810
Accumulated other comprehensive loss (991) (1,006)
Total equity 2,929 2,957
Total liabilities and equity 7,190 7,015
Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 9 7
Current liabilities:    
Accounts payable 25 22
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable [1] 861 736
Huntsman International LLC [Member]    
Current assets:    
Cash and cash equivalents [1] 346 429
Accounts and notes receivable [1] 871 670
Inventories [1] 935 818
Prepaid expenses 79 94
Other current assets 38 46
Total current assets 2,278 2,064
Property, plant and equipment, net [1] 2,408 2,486
Investment in unconsolidated affiliates 324 309
Intangible assets, net 285 308
Goodwill 622 630
Deferred income taxes 44 49
Operating lease right-of-use assets 389 365
Other noncurrent assets [1] 840 804
Total assets 7,190 7,015
Current liabilities:    
Accrued liabilities [1] 411 418
Current portion of debt [1] 364 353
Current operating lease liabilities [1] 55 57
Total current liabilities 1,716 1,586
Long-term debt 1,723 1,658
Deferred income taxes 151 160
Noncurrent operating lease liabilities [1] 359 332
Other noncurrent liabilities [1] 308 315
Total liabilities 4,257 4,051
Commitments and contingencies (Notes 15 and 16)
Huntsman Corporation stockholders’ equity:    
Retained earnings (186) (96)
Accumulated other comprehensive loss (976) (990)
Total equity 2,933 2,964
Total liabilities and equity 7,190 7,015
Huntsman International LLC members’ equity:    
Members’ equity, 2,728 units issued and outstanding 3,858 3,843
Retained earnings (186) (96)
Accumulated other comprehensive loss (976) (990)
Total Huntsman International LLC members’ equity 2,696 2,757
Noncontrolling interests in subsidiaries 237 207
Total equity 2,933 2,964
Total liabilities and equity 7,190 7,015
Huntsman International LLC [Member] | Related Party [Member]    
Current assets:    
Accounts receivable from affiliates 9 7
Current liabilities:    
Accounts payable 25 22
Huntsman International LLC [Member] | Nonrelated Party [Member]    
Current liabilities:    
Accounts payable [1] $ 861 $ 736
[1] At June 30, 2026 and December 31, 2025, respectively, $9 and $3 of cash and cash equivalents, $15 and $24 of accounts and notes receivable (net), $56 and $50 of inventories, $114 and $122 of property, plant and equipment (net), $36 and $35 of other noncurrent assets, $120 and $91 of accounts payable, $19 and $22 of accrued liabilities, $2 and $7 of current portion of debt, $6 each of current operating lease liabilities, $65 and $12 of noncurrent operating lease liabilities and $15 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. 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.