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Note 19 - Operating Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Three months |  |  | Nine months |
|  | ended |  |  | ended |
|  | September 30, |  |  | September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Polyurethanes |  | $ | 967 |  |  | $ | 1,257 |  |  | $ | 2,970 |  |  | $ | 3,996 |
Performance Products |  |  | 277 |  |  |  | 434 |  |  |  | 918 |  |  |  | 1,406 |
Advanced Materials |  |  | 268 |  |  |  | 328 |  |  |  | 841 |  |  |  | 999 |
Total reportable segments’ revenues |  |  | 1,512 |  |  |  | 2,019 |  |  |  | 4,729 |  |  |  | 6,401 |
Intersegment eliminations |  |  | (6 | ) |  |  | (8 | ) |  |  | (21 | ) |  |  | (28 | )
Total |  | $ | 1,506 |  |  | $ | 2,011 |  |  | $ | 4,708 |  |  | $ | 6,373 |
Huntsman Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment adjusted EBITDA(1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Polyurethanes |  | $ | 81 |  |  | $ | 138 |  |  | $ | 235 |  |  | $ | 591 |
Performance Products |  |  | 47 |  |  |  | 110 |  |  |  | 173 |  |  |  | 408 |
Advanced Materials |  |  | 49 |  |  |  | 58 |  |  |  | 148 |  |  |  | 192 |
Total reportable segments’ adjusted EBITDA |  |  | 177 |  |  |  | 306 |  |  |  | 556 |  |  |  | 1,191 |
Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net—continuing operations |  |  | (15 | ) |  |  | (16 | ) |  |  | (48 | ) |  |  | (46 | )
Depreciation and amortization—continuing operations |  |  | (69 | ) |  |  | (72 | ) |  |  | (208 | ) |  |  | (207 | )
Corporate and other costs, net(2) |  |  | (41 | ) |  |  | (35 | ) |  |  | (128 | ) |  |  | (123 | )
Net income attributable to noncontrolling interests |  |  | 15 |  |  |  | 15 |  |  |  | 40 |  |  |  | 46 |
Other adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Business acquisition and integration expenses and purchase accounting inventory adjustments |  |  | — |  |  |  | (1 | ) |  |  | (3 | ) |  |  | (11 | )
Fair value adjustments to Venator investment, net |  |  | — |  |  |  | (7 | ) |  |  | (5 | ) |  |  | (9 | )
Certain legal and other settlements and related expenses |  |  | (2 | ) |  |  | (1 | ) |  |  | (4 | ) |  |  | (15 | )
Costs associated with the Albemarle Settlement, net |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (3 | )
Gain (loss) on sale of business/assets |  |  | — |  |  |  | (16 | ) |  |  | 1 |  |  |  | (27 | )
Income from transition services arrangements |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Certain nonrecurring information technology project implementation costs |  |  | (2 | ) |  |  | (1 | ) |  |  | (5 | ) |  |  | (4 | )
Amortization of pension and postretirement actuarial losses |  |  | (10 | ) |  |  | (10 | ) |  |  | (25 | ) |  |  | (32 | )
Plant incident remediation (costs) credits |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | 4 |
Restructuring, impairment and plant closing and transition costs(3) |  |  | (11 | ) |  |  | (14 | ) |  |  | (13 | ) |  |  | (44 | )
Income from continuing operations before income taxes |  |  | 42 |  |  |  | 146 |  |  |  | 158 |  |  |  | 722 |
Income tax expense—continuing operations |  |  | (27 | ) |  |  | (30 | ) |  |  | (66 | ) |  |  | (155 | )
(Loss) income from discontinued operations, net of tax |  |  | — |  |  |  | (1 | ) |  |  | 120 |  |  |  | 30 |
Net income |  | $ | 15 |  |  | $ | 115 |  |  | $ | 212 |  |  | $ | 597 |
|  | Three months |  |  | Nine months |
|  | ended |  |  | ended |
|  | September 30, |  |  | September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Huntsman International: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment adjusted EBITDA(1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Polyurethanes |  | $ | 81 |  |  | $ | 138 |  |  | $ | 235 |  |  | $ | 591 |
Performance Products |  |  | 47 |  |  |  | 110 |  |  |  | 173 |  |  |  | 408 |
Advanced Materials |  |  | 49 |  |  |  | 58 |  |  |  | 148 |  |  |  | 192 |
Total reportable segments’ adjusted EBITDA |  |  | 177 |  |  |  | 306 |  |  |  | 556 |  |  |  | 1,191 |
Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net—continuing operations |  |  | (15 | ) |  |  | (16 | ) |  |  | (48 | ) |  |  | (46 | )
Depreciation and amortization—continuing operations |  |  | (69 | ) |  |  | (72 | ) |  |  | (208 | ) |  |  | (207 | )
Corporate and other costs, net(2) |  |  | (40 | ) |  |  | (36 | ) |  |  | (125 | ) |  |  | (119 | )
Net income attributable to noncontrolling interests |  |  | 15 |  |  |  | 15 |  |  |  | 40 |  |  |  | 46 |
Other adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Business acquisition and integration expenses and purchase accounting inventory adjustments |  |  | — |  |  |  | (1 | ) |  |  | (3 | ) |  |  | (11 | )
Fair value adjustments to Venator investment, net |  |  | — |  |  |  | (7 | ) |  |  | (5 | ) |  |  | (9 | )
Certain legal and other settlements and related expenses |  |  | (2 | ) |  |  | (1 | ) |  |  | (4 | ) |  |  | (15 | )
Costs associated with the Albemarle Settlement, net |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (3 | )
Gain (loss) on sale of business/assets |  |  | — |  |  |  | (16 | ) |  |  | 1 |  |  |  | (27 | )
Income from transition services arrangements |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Certain nonrecurring information technology project implementation costs |  |  | (2 | ) |  |  | (1 | ) |  |  | (5 | ) |  |  | (4 | )
Amortization of pension and postretirement actuarial losses |  |  | (10 | ) |  |  | (10 | ) |  |  | (25 | ) |  |  | (32 | )
Plant incident remediation (costs) credits |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | 4 |
Restructuring, impairment and plant closing and transition costs(3) |  |  | (11 | ) |  |  | (14 | ) |  |  | (13 | ) |  |  | (44 | )
Income from continuing operations before income taxes |  |  | 43 |  |  |  | 145 |  |  |  | 161 |  |  |  | 726 |
Income tax expense—continuing operations |  |  | (27 | ) |  |  | (30 | ) |  |  | (66 | ) |  |  | (156 | )
(Loss) income from discontinued operations, net of tax |  |  | — |  |  |  | (1 | ) |  |  | 120 |  |  |  | 30 |
Net income |  | $ | 16 |  |  | $ | 114 |  |  | $ | 215 |  |  | $ | 600 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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