Registration of securities issued in business combination transactions

OTHER COMPREHENSIVE INCOME (LOSS)

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OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2013
OTHER COMPREHENSIVE INCOME (LOSS)  
OTHER COMPREHENSIVE INCOME (LOSS)

22. OTHER COMPREHENSIVE INCOME (LOSS)

        Other comprehensive income (loss) consisted of the following (dollars in millions):

 
   Foreign
currency
translation
adjustment(a)		   Pension
and other
postretirement
benefits
adjustments,
net of tax(b)		   Other
comprehensive
income of
unconsolidated
affiliates		   Other, net   Total   Amounts
attributable to
noncontrolling
interests		   Amounts
attributable to
Huntsman
International		  

Beginning balance, January 1, 2013

   $ 268   $ (1,076 ) $ 7   $ (3 ) $ (804 ) $ 13   $ (791 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other comprehensive (loss) income before reclassifications

     (25 )   259     5     5     244     (5 )   239  

Amounts reclassified from accumulated other comprehensive loss(c)

     —     (66 )   —     —     (66 )   —     (66 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net current-period other comprehensive (loss) income

     (25 )   193     5     5     178     (5 )   173  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ending balance, December 31, 2013

   $ 243   $ (883 ) $ 12   $ 2   $ (626 ) $ 8   $ (618 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               
(a)
Amounts are net of tax of nil and $7 as of December 31, 2013 and January 1, 2013, respectively.

(b)
Amounts are net of tax of $113 and $228 as of December 31, 2013 and January 1, 2013, respectively.

(c)
See table below for details about these reclassifications.


 

 
   Foreign
currency
translation
adjustment(a)		   Pension
and other
postretirement
benefits
adjustments,
net of tax(b)		   Other
comprehensive
income (loss) of
unconsolidated
affiliates		   Other, net   Total   Amounts
attributable to
noncontrolling
interests		   Amounts
attributable to
Huntsman
International		  

Beginning balance, January 1, 2012

   $ 217   $ (845 ) $ 8   $ (3 ) $ (623 ) $ 12   $ (611 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other comprehensive income (loss) before reclassifications

     51     (185 )   (1 )   —     (135 )   1     (134 )

Amounts reclassified from accumulated other comprehensive loss(c)

     —     (46 )   —     —     (46 )   —     (46 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net current-period other comprehensive income (loss)

     51     (231 )   (1 )   —     (181 )   1     (180 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ending balance, December 31, 2012

   $ 268   $ (1,076 ) $ 7   $ (3 ) $ (804 ) $ 13   $ (791 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               
(a)
Amounts are net of tax of $7 and $11 as of December 31, 2012 and January 1, 2012, respectively.

(b)
Amounts are net of tax of $228 and $155 as of December 31, 2012 and January 1, 2012, respectively.

(c)
See table below for details about these reclassifications.


 

 
   Year ended
December 31, 2013		   Year ended
December 31, 2012		   Year ended
December 31, 2011		    
Details about Accumulated Other
Comprehensive Loss Components(a):
  Amount
reclassified
from accumulated
other
comprehensive loss		   Amount
reclassified
from accumulated
other
comprehensive loss		   Amount
reclassified
from accumulated
other
comprehensive loss		   Affected line item in
the statement where
net income is
presented

Amortization of pension and other postretirement benefits:

                      

Prior service credit

   $ 8   $ 10   $ 9   (b)

Actuarial loss

     (86 )   (51 )   (39 ) (b)(c)

Settlement loss

     (12 )   (13 )   —   (b)
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     (90 )   (54 )   (30 ) Total before tax

 

     24     8     6   Income tax expense
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total reclassifications for the period

   $ (66 ) $ (46 ) $ (24 ) Net of tax
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                 
(a)
Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations.

(b)
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 16. Employee Benefit Plans."

(c)
Amounts contain approximately $6 million and $4 million and $3 million of actuarial losses related to discontinued operations for the years ended December 31, 2013, 2012 and 2011, respectively.

        Items of other comprehensive income (loss) of our Company and our consolidated affiliates have been recorded net of tax, with the exception of the foreign currency translation adjustments related to subsidiaries with earnings permanently reinvested. The tax effect is determined based upon the jurisdiction where the income or loss was recognized and is net of valuation allowances.