Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Trade sales, services and fees, net $ 2,921 $ 2,774 $ 5,614 $ 5,409
Related party sales 67 56 129 123
Total revenues 2,988 2,830 5,743 5,532
Cost of goods sold 2,483 2,379 4,788 4,732
Gross profit 505 451 955 800
Operating expenses:        
Selling, general and administrative 244 233 473 459
Research and development 37 34 73 70
Other operating (income) expense (5) 14 (9) 7
Restructuring, impairment and plant closing costs 13 29 52 73
Total expenses 289 310 589 609
Operating income 216 141 366 191
Interest expense (51) (47) (99) (98)
Equity in income of investment in unconsolidated affiliates 2 2 4 3
Loss on early extinguishment of debt       (35)
Other income   2 1 2
Income from continuing operations before income taxes 167 98 272 63
Income tax expense (43) (44) (79) (24)
Income from continuing operations 124 54 193 39
Loss from discontinued operations, net of tax     (7) (2)
Net income 124 54 186 37
Net income attributable to noncontrolling interests (5) (7) (13) (14)
Net income attributable to Huntsman Corporation or Huntsman International LLC 119 47 173 23
Basic income (loss) per share:        
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.49 $ 0.20 $ 0.75 $ 0.11
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)     $ (0.03) $ (0.01)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.49 $ 0.20 $ 0.72 $ 0.10
Weighted average shares (in shares) 241.8 239.7 241.3 239.4
Diluted income (loss) per share:        
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.48 $ 0.19 $ 0.74 $ 0.11
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)     $ (0.03) $ (0.01)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.48 $ 0.19 $ 0.71 $ 0.10
Weighted average shares (in shares) 245.7 242.2 245.0 242.0
Amounts attributable to Huntsman Corporation common stockholders:        
Income from continuing operations 119 47 180 25
Loss from discontinued operations, net of tax     (7) (2)
Net income 119 47 173 23
Dividends per share (in dollars per share) $ 0.125 $ 0.125 $ 0.25 $ 0.25
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
        
Revenues:        
Trade sales, services and fees, net 2,921 2,774 5,614 5,409
Related party sales 67 56 129 123
Total revenues 2,988 2,830 5,743 5,532
Cost of goods sold 2,482 2,374 4,782 4,723
Gross profit 506 456 961 809
Operating expenses:        
Selling, general and administrative 243 232 470 456
Research and development 37 34 73 70
Other operating (income) expense (5) 14 (9) 7
Restructuring, impairment and plant closing costs 13 29 52 73
Total expenses 288 309 586 606
Operating income 218 147 375 203
Interest expense (52) (51) (103) (105)
Equity in income of investment in unconsolidated affiliates 2 2 4 3
Loss on early extinguishment of debt       (35)
Other income   2 1 2
Income from continuing operations before income taxes 168 100 277 68
Income tax expense (43) (44) (80) (26)
Income from continuing operations 125 56 197 42
Loss from discontinued operations, net of tax     (7) (2)
Net income 125 56 190 40
Net income attributable to noncontrolling interests (5) (7) (13) (14)
Net income attributable to Huntsman Corporation or Huntsman International LLC 120 49 177 26
Amounts attributable to Huntsman Corporation common stockholders:        
Net income $ 120 $ 49 $ 177 $ 26