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Note 19 - Operating Segment Information (Tables)

9 Months Ended

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

X

- 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

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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-Publisher FASB
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-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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