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, EBITDA, depreciation and amortization, capital expenditures and total assets

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.
Schedule of revenues and long-lived assets by geographical area  


 
   Year ended December 31,  
 
   2013   2012   2011  

By Geographic Area

                    

Revenues(1):

                    

United States

   $ 3,319   $ 3,347   $ 3,470  

China

     1,081     1,040     944  

Mexico

     853     954     723  

Germany

     586     600     638  

Italy

     437     465     558  

Other nations

     4,803     4,781     4,888  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

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

 

 
   December 31,  
 
   2013   2012   2011  

Long-lived assets(2):

                    

United States

   $ 1,357   $ 1,299   $ 1,278  

The Netherlands

     356     351     310  

United Kingdom

     312     314     306  

Saudi Arabia

     220     231     243  

Germany

     200     201     205  

China

     202     169     162  

Italy

     197     164     152  

Switzerland

     154     163     166  

France

     162     154     126  

Spain

     138     147     157  

Other nations

     461     463     405  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 3,759   $ 3,656   $ 3,510  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
(1)
Geographic information for revenues is based upon countries into which product is sold.

(2)
Long-lived assets consist of property, plant and equipment, net.