XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1Close
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 1,574 [1] $ 1,596 $ 3,044 [1] $ 3,202
Cost of goods sold 1,331 1,342 2,600 2,679
Gross profit 243 254 444 523 Close
Operating expenses:        
Selling, general and administrative 176 167 352 355
Research and development 33 29 64 59
Restructuring, impairment and plant closing costs 4 8 15 1
Loss (gain) on acquisition of assets, net 1 0 (51) 0
Prepaid asset write-off 0 0 71 0
Other operating income, net (5) 0 (3) (3)
Total operating expenses 209 204 448 412 Close
Operating income (loss) 34 50 (4) 111 Close
Interest expense, net (20) (15) (39) (33) Close
Equity in income of investment in unconsolidated affiliates 18 28 37 40 Close
Other income (expense), net 12 (2) 14 (2) CloseClose
Total Other Income Expenses 10.0 0.0 11.0 12.0 0.0 Close
Income from continuing operations before income taxes 44 61 8 116 CloseClose
Income tax (expense) benefit (13) (28) 7 (39) Close
Income from continuing operations 31 33 15 77
Income (loss) from discontinued operations, net of tax 7 (2) 0 120 Close
Net income 38 31 15 197 Close
Net income attributable to noncontrolling interests (16) (12) (30) (25)
Net income (loss) attributable to Huntsman Corporation $ 22 $ 19 $ (15) $ 172
Basic income (loss) per share:        
Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.09 $ 0.12 $ (0.09) $ 0.29
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) 0.04 (0.01) 0 0.66
Net income (loss) attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.13 $ 0.11 $ (0.09) $ 0.95
Weighted average shares (in shares) 172.1 179.2 172.0 180.9
Diluted income (loss) per share:        
Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.09 $ 0.12 $ (0.09) $ 0.28
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) 0.04 (0.01) 0 0.66
Net income (loss) attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.13 $ 0.11 $ (0.09) $ 0.94
Weighted average shares (in shares) 172.8 180.3 172.0 182.3
Amounts attributable to Huntsman Corporation:        
Income (loss) from continuing operations $ 15 $ 21 $ (15) $ 52
Income (loss) from discontinued operations, net of tax 7 (2) 0 120
Net income (loss) 22 19 (15) 172
Huntsman International LLC [Member]        
Revenues:        
Total revenues 1,574 1,596 3,044 3,202
Cost of goods sold 1,331 1,342 2,600 2,679
Gross profit 243 254 444 523
Operating expenses:        
Selling, general and administrative 176 167 350 353
Research and development 33 29 64 59
Restructuring, impairment and plant closing costs 4 8 15 1
Loss (gain) on acquisition of assets, net 1 0 (51) 0
Prepaid asset write-off 0 0 71 0
Other operating income, net (5) 0 (3) (3)
Total operating expenses 209 204 446 410
Operating income (loss) 34 50 (2) 113
Interest expense, net (20) (15) (39) (33)
Equity in income of investment in unconsolidated affiliates 18 28 37 40
Other income (expense), net 12 (2) 14 (2)
Income from continuing operations before income taxes 44 61 10 118
Income tax (expense) benefit (13) (28) 7 (39)
Income from continuing operations 31 33 17 79
Income (loss) from discontinued operations, net of tax 7 (2) 0 120
Net income 38 31 17 199
Net income attributable to noncontrolling interests (16) (12) (30) (25)
Net income (loss) attributable to Huntsman Corporation 22 19 (13) 174
Third Party Customers [Member]        
Revenues:        
Total revenues 1,538 1,561 2,974 3,134
Third Party Customers [Member] | Huntsman International LLC [Member]        
Revenues:        
Total revenues 1,538 1,561 2,974 3,134
Related Party Customers [Member]        
Revenues:        
Total revenues 36 35 70 68
Related Party Customers [Member] | Huntsman International LLC [Member]        
Revenues:        
Total revenues $ 36 $ 35 $ 70 $ 68
[1] Geographic information for revenues is based upon countries into which product is sold.