Registration of securities issued in business combination transactions

OPERATING SEGMENT INFORMATION (Tables)

v2.4.0.8
OPERATING SEGMENT INFORMATION (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
OPERATING SEGMENT INFORMATION    
Schedule of major products by reportable operating segment

 

 

Segment
  Products
Polyurethanes   MDI, PO, polyols, PG, TPU, aniline and MTBE
Performance Products   amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses
Advanced Materials   epoxy resin compounds and formulations; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane- based adhesives and tooling resin formulations
Textile Effects   textile chemicals and dyes
Pigments   titanium dioxide

 

 

Segment
  Products
Polyurethanes   MDI, PO, polyols, PG, TPU, aniline and MTBE
Performance Products   amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses
Advanced Materials   Basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based formulations
Textile Effects   textile chemicals and dyes
Pigments   titanium dioxide
Schedule of revenues and EBITDA for each of the entity's reportable operating segments

The revenues and EBITDA for each of our reportable operating segments are as follows (dollars in millions):

 
  Three months
ended March 31,
 
 
  2014   2013  

Revenues:

             

Polyurethanes

  $ 1,200   $ 1,182  

Performance Products

    765     722  

Advanced Materials

    319     336  

Textile Effects

    224     188  

Pigments

    318     330  

Eliminations

    (71 )   (56 )
           

Total

  $ 2,755   $ 2,702  
           
           


 

 
  Three months
ended March 31,
 
 
  2014   2013  

Segment EBITDA(1):

             

Polyurethanes

  $ 158   $ 167  

Performance Products

    92     49  

Advanced Materials

    41     3  

Textile Effects

    8     (27 )

Pigments

    13     3  

Corporate and other(2)

    (44 )   (79 )
           

Subtotal

    268     116  

Discontinued Operations(3)

    (7 )   (3 )
           

Total

    261     113  

Interest expense

    (51 )   (54 )

Income tax (expense) benefit—continuing operations

    (37 )   18  

Income tax benefit—discontinued operations

        2  

Depreciation and amortization

    (116 )   (102 )
           

Net income (loss) attributable to Huntsman International LLC

  $ 57   $ (23 )
           
           

(1)
Segment EBITDA is defined as net income (loss) attributable to Huntsman International before interest, income tax, depreciation and amortization, and certain Corporate and other items.

(2)
Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets.

(3)
The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented.

The EBITDA of operating segments excludes items that principally apply to our Company as a whole. The revenues and EBITDA for each of our reportable operating segments are as follows (dollars in millions):

 
  Year ended December 31,  
 
  2013   2012   2011  

Revenues:

                   

Polyurethanes

  $ 4,964   $ 4,894   $ 4,434  

Performance Products

    3,019     3,065     3,301  

Advanced Materials

    1,267     1,325     1,372  

Textile Effects

    811     752     737  

Pigments

    1,269     1,436     1,642  

Eliminations

    (251 )   (285 )   (265 )
               

Total

  $ 11,079   $ 11,187   $ 11,221  
               
               

Segment EBITDA(1):

                   

Polyurethanes

  $ 696   $ 726   $ 469  

Performance Products

    372     360     385  

Advanced Materials

    86     54     125  

Textile Effects

    (78 )   (49 )   (199 )

Pigments

    79     352     501  

Corporate and other(2)

    (262 )   (251 )   (236 )
               

Subtotal

    893     1,192     1,045  

Discontinued Operations(3)

    (5 )   (5 )   (6 )
               

Total

    888     1,187     1,039  

Interest expense, net

    (203 )   (238 )   (262 )

Income tax expense—continuing operations

    (137 )   (179 )   (113 )

Income tax benefit—discontinued operations

    2     3     5  

Depreciation and amortization

    (424 )   (408 )   (416 )
               

Net income attributable to Huntsman International LLC

  $ 126   $ 365   $ 253  
               
               

Depreciation and Amortization:

                   

Polyurethanes

  $ 156   $ 152   $ 160  

Performance Products

    121     113     110  

Advanced Materials

    38     31     33  

Textile Effects

    17     23     27  

Pigments

    73     69     74  

Corporate and other(2)

    17     15     12  
               

Subtotal

    422     403     416  

Discontinued Operations

    2     5      
               

Total

  $ 424   $ 408   $ 416  
               
               

Capital Expenditures:

                   

Polyurethanes

  $ 132   $ 107   $ 85  

Performance Products

    115     117     96  

Advanced Materials

    73     41     39  

Textile Effects

    31     27     34  

Pigments

    98     98     57  

Corporate and other

    22     22     19  
               

Total

  $ 471   $ 412   $ 330  
               
               

 
  December 31,  
 
  2013   2012   2011  

Total Assets(4):

                   

Polyurethanes

  $ 2,839   $ 2,733   $ 2,687  

Performance Products

    2,320     2,242     2,205  

Advanced Materials

    918     909     874  

Textile Effects

    653     630     591  

Pigments

    1,469     1,536     1,376  

Corporate and other

    1,212     820     597  
               

Total

  $ 9,411   $ 8,870   $ 8,330  
               
               

(1)
Segment EBITDA is defined as net income attributable to Huntsman International before interest, income tax, depreciation and amortization, and certain Corporate and other items.

(2)
Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs and non-operating income and expense.

(3)
The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented.

(4)
Effective in the fourth quarter of 2013, we began reclassifying cash and deferred tax amounts from our business segments to Corporate and other and we began reclassifying intercompany investment amounts from our business segments to Corporate and other to mirror the treatment of related elimination amounts. The amounts for prior periods have been reclassified to conform to the current presentation.