Registration of securities issued in business combination transactions

OTHER COMPREHENSIVE INCOME (LOSS)

v2.4.0.8
OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
OTHER COMPREHENSIVE INCOME (LOSS)    
OTHER COMPREHENSIVE INCOME (LOSS)

12. OTHER COMPREHENSIVE INCOME (LOSS)

        The components of other comprehensive income (loss) and changes in accumulated other comprehensive loss by component were as follows (dollars in millions):

 
   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, 2014

   $ 243   $ (883 ) $ 12   $ 2   $ (626 ) $ 8   $ (618 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other comprehensive (loss) income before reclassifications

     (3 )   —     —     1     (2 )   (4 )   (6 )

Amounts reclassified from accumulated other comprehensive loss(c)

     —     10     —     —     10     —     10  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net current-period other comprehensive (loss) income

     (3 )   10     —     1     8     (4 )   4  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ending balance, March 31, 2014

   $ 240   $ (873 ) $ 12   $ 3   $ (618 ) $ 4   $ (614 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               
(a)
Amounts are net of tax of nil for both March 31, 2014 and January 1, 2014.

(b)
Amounts are net of tax of $109 and $113 as of March 31, 2014 and January 1, 2014, 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 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

     (67 )   25     —     2     (40 )   —     (40 )

Amounts reclassified from accumulated other comprehensive loss(c)

     —     8     —     —     8     —     8  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net current-period other comprehensive (loss) income

     (67 )   33     —     2     (32 )   —     (32 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ending balance, March 31, 2013

   $ 201   $ (1,043 ) $ 7   $ (1 ) $ (836 ) $ 13   $ (823 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               
(a)
Amounts are net of tax of $9 and $7 as of March 31, 2013 and January 1, 2013, respectively.

(b)
Amounts are net of tax of $217 and $228 as of March 31, 2013 and January 1, 2013, respectively.

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

 
   Three months ended March 31,    
 
   2014   2013    
Details about Accumulated Other
Comprehensive Loss Components(a):
  Amounts reclassified
from accumulated other
comprehensive loss		   Amounts 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

   $ (2 ) $ (2 ) (b)

Actuarial loss

     15     21   (b)(c)

Settlement loss

     1     —   (b)
             
​ ​ ​ ​ ​ ​ ​ ​ ​

 

     14     19   Total before tax

 

     (4 )   (11 ) Income tax expense
             
​ ​ ​ ​ ​ ​ ​ ​ ​

Total reclassifications for the period

   $ 10   $ 8   Net of tax
             
​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​
             
(a)
Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations (unaudited).

(b)
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 10. Employee Benefit Plans."

(c)
Amounts contain approximately $1 million of actuarial losses related to discontinued operations for each of the three months ended March 31, 2014 and 2013.

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.