| OTHER COMPREHENSIVE (LOSS) INCOME |
12. OTHER COMPREHENSIVE (LOSS) INCOME
The components of other comprehensive (loss) income and changes in accumulated other comprehensive loss by component were as follows (dollars in millions):
Huntsman Corporation
|
|
|
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
Corporation
|
|
|
Beginning balance, January 1, 2015
|
|
$
|
25
|
|
$
|
(1,122
|
)
|
$
|
10
|
|
$
|
11
|
|
$
|
(1,076
|
)
|
$
|
23
|
|
$
|
(1,053
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassifications
|
|
|
(182
|
)
|
|
—
|
|
|
(1
|
)
|
|
—
|
|
|
(183
|
)
|
|
7
|
|
|
(176
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
13
|
|
|
—
|
|
|
—
|
|
|
13
|
|
|
—
|
|
|
13
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(182
|
)
|
|
13
|
|
|
(1
|
)
|
|
—
|
|
|
(170
|
)
|
|
7
|
|
|
(163
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, March 31, 2015
|
|
$
|
(157
|
)
|
$
|
(1,109
|
)
|
$
|
9
|
|
$
|
11
|
|
$
|
(1,246
|
)
|
$
|
30
|
|
$
|
(1,216
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $74 and $47 as of March 31, 2015 and January 1, 2015, respectively.
|
|
(b)
|
Amounts are net of tax of $178 and $182 as of March 31, 2015 and January 1, 2015, 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
Corporation
|
|
|
Beginning balance, January 1, 2014
|
|
$
|
246
|
|
$
|
(851
|
)
|
$
|
12
|
|
$
|
8
|
|
$
|
(585
|
)
|
$
|
8
|
|
$
|
(577
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassifications
|
|
|
(2
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2
|
)
|
|
(4
|
)
|
|
(6
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
9
|
|
|
—
|
|
|
—
|
|
|
9
|
|
|
—
|
|
|
9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(2
|
)
|
|
9
|
|
|
—
|
|
|
—
|
|
|
7
|
|
|
(4
|
)
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, March 31, 2014
|
|
$
|
244
|
|
$
|
(842
|
)
|
$
|
12
|
|
$
|
8
|
|
$
|
(578
|
)
|
$
|
4
|
|
$
|
(574
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $13 as of both March 31, 2014 and January 1, 2014.
|
|
(b)
|
Amounts are net of tax of $80 and $83 as of March 31, 2014 and January 1, 2014, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Three months ended March 31,
|
|
|
|
|
|
2015
|
|
2014
|
|
|
|
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
|
|
|
19
|
|
|
13
|
|
(b)(c)
|
|
Settlement loss
|
|
|
—
|
|
|
1
|
|
(b)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17
|
|
|
12
|
|
Total before tax
|
|
|
|
|
(4
|
)
|
|
(3
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
13
|
|
$
|
9
|
|
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 both the three months ended March 31, 2015 and 2014.
|
Huntsman International
|
|
|
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, 2015
|
|
$
|
22
|
|
$
|
(1,147
|
)
|
$
|
10
|
|
$
|
5
|
|
$
|
(1,110
|
)
|
$
|
23
|
|
$
|
(1,087
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassifications
|
|
|
(182
|
)
|
|
—
|
|
|
(1
|
)
|
|
—
|
|
|
(183
|
)
|
|
7
|
|
|
(176
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
15
|
|
|
—
|
|
|
—
|
|
|
15
|
|
|
—
|
|
|
15
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(182
|
)
|
|
15
|
|
|
(1
|
)
|
|
—
|
|
|
(168
|
)
|
|
7
|
|
|
(161
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, March 31, 2015
|
|
$
|
(160
|
)
|
$
|
(1,132
|
)
|
$
|
9
|
|
$
|
5
|
|
$
|
(1,278
|
)
|
$
|
30
|
|
$
|
(1,248
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $61 and $34 as of March 31, 2015 and January 1, 2015, respectively.
|
|
(b)
|
Amounts are net of tax of $207 and $211 as of March 31, 2015 and January 1, 2015, 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, 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 as of 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.
|
|
|
|
Three months ended March 31,
|
|
|
|
|
|
2015
|
|
2014
|
|
|
|
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
|
|
|
21
|
|
|
15
|
|
(b)(c)
|
|
Settlement loss
|
|
|
—
|
|
|
1
|
|
(b)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19
|
|
|
14
|
|
Total before tax
|
|
|
|
|
(4
|
)
|
|
(4
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
15
|
|
$
|
10
|
|
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 both the three months ended March 31, 2015 and 2014.
|
|