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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 1,540 [1] $ 1,506 $ 4,584 [1] $ 4,708
Cost of goods sold 1,306 1,275 3,906 3,954
Gross profit 234 231 678 754 Close
Operating expenses:        
Selling, general and administrative 153 165 505 520
Research and development 27 28 91 87
Restructuring, impairment and plant closing costs 5 6 20 7
Gain on acquisition of assets, net 0 0 (51) 0
Prepaid asset write-off 0 0 71 0
Other operating expense, net 7 5 4 2
Total operating expenses 192 204 640 616 Close
Operating income 42 27 38 138 Close
Interest expense, net (21) (15) (60) (48)
Equity in income of investment in unconsolidated affiliates 5 30 42 70
Other income (expense), net 8 0 22 (2) Close
Income from continuing operations before income taxes 34 42 42 158 Close
Income tax expense (39) (27) (32) (66) Close
(Loss) income from continuing operations (5) 15 10 92
(Loss) income from discontinued operations, net of tax (12) 0 (12) 120 Close
Net (loss) income (17) 15 (2) 212 Close
Net income attributable to noncontrolling interests (16) (15) (46) (40)
Net (loss) income attributable to Huntsman Corporation $ (33) $ 0 $ (48) $ 172
Basic (loss) income per share:        
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.12) $ 0 $ (0.21) $ 0.29
(Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) (0.07) 0 (0.07) 0.67
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.19) $ 0 $ (0.28) $ 0.96
Weighted average shares (in shares) 172.1 175.7 172.0 179.1
Diluted (loss) income per share:        
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.12) $ 0 $ (0.21) $ 0.29
(Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) (0.07) 0 (0.07) 0.66
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.19) $ 0 $ (0.28) $ 0.95
Weighted average shares (in shares) 172.1 177.0 172.0 180.5
Amounts attributable to Huntsman Corporation:        
(Loss) income from continuing operations $ (21) $ 0 $ (36) $ 52
(Loss) income from discontinued operations, net of tax (12) 0 (12) 120
Net (loss) income (33) 0 (48) 172
Huntsman International LLC [Member]        
Revenues:        
Total revenues 1,540 1,506 4,584 4,708
Cost of goods sold 1,306 1,275 3,906 3,954
Gross profit 234 231 678 754
Operating expenses:        
Selling, general and administrative 152 164 502 517
Research and development 27 28 91 87
Restructuring, impairment and plant closing costs 5 6 20 7
Gain on acquisition of assets, net 0 0 (51) 0
Prepaid asset write-off 0 0 71 0
Other operating expense, net 7 5 4 2
Total operating expenses 191 203 637 613
Operating income 43 28 41 141
Interest expense, net (21) (15) (60) (48)
Equity in income of investment in unconsolidated affiliates 5 30 42 70
Other income (expense), net 8 0 22 (2)
Income from continuing operations before income taxes 35 43 45 161
Income tax expense (39) (27) (32) (66)
(Loss) income from continuing operations (4) 16 13 95
(Loss) income from discontinued operations, net of tax (12) 0 (12) 120
Net (loss) income (16) 16 1 215
Net income attributable to noncontrolling interests (16) (15) (46) (40)
Net (loss) income attributable to Huntsman Corporation (32) 1 (45) 175
Third Party Customers [Member]        
Revenues:        
Total revenues 1,500 1,477 4,474 4,611
Third Party Customers [Member] | Huntsman International LLC [Member]        
Revenues:        
Total revenues 1,500 1,477 4,474 4,611
Related Party Customers [Member]        
Revenues:        
Total revenues 40 29 110 97
Related Party Customers [Member] | Huntsman International LLC [Member]        
Revenues:        
Total revenues $ 40 $ 29 $ 110 $ 97
[1] Geographic information for revenues is based upon countries into which product is sold.