|
OPERATING SEGMENT INFORMATION (Tables)
|
3 Months Ended |
|
Mar. 31, 2015
|
| 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
|
|
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 and Additives
|
|
titanium dioxide, functional additives, color pigments, timber treatment and water treatment chemicals
|
|
| Operating segment information |
|
| 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,
|
|
|
|
|
2015
|
|
2014
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
Polyurethanes
|
|
$
|
890
|
|
$
|
1,200
|
|
|
Performance Products
|
|
|
656
|
|
|
765
|
|
|
Advanced Materials
|
|
|
290
|
|
|
319
|
|
|
Textile Effects
|
|
|
206
|
|
|
224
|
|
|
Pigments and Additives
|
|
|
572
|
|
|
318
|
|
|
Eliminations
|
|
|
(25
|
)
|
|
(71
|
)
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
2,589
|
|
$
|
2,755
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Huntsman Corporation:
|
|
|
|
|
|
|
|
|
Segment EBITDA(1):
|
|
|
|
|
|
|
|
|
Polyurethanes
|
|
$
|
93
|
|
$
|
158
|
|
|
Performance Products
|
|
|
118
|
|
|
92
|
|
|
Advanced Materials
|
|
|
55
|
|
|
41
|
|
|
Textile Effects
|
|
|
11
|
|
|
8
|
|
|
Pigments and Additives
|
|
|
(75
|
)
|
|
13
|
|
|
Corporate and other(2)
|
|
|
(42
|
)
|
|
(44
|
)
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
160
|
|
|
268
|
|
|
Discontinued Operations(3)
|
|
|
(1
|
)
|
|
(7
|
)
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
159
|
|
|
261
|
|
|
Interest expense
|
|
|
(56
|
)
|
|
(48
|
)
|
|
Income tax expense—continuing operations
|
|
|
(2
|
)
|
|
(36
|
)
|
|
Income tax expense—discontinued operations
|
|
|
(1
|
)
|
|
—
|
|
|
Depreciation and amortization
|
|
|
(95
|
)
|
|
(123
|
)
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Huntsman Corporation
|
|
$
|
5
|
|
$
|
54
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Segment EBITDA is defined as net income attributable to Huntsman Corporation or Huntsman International, as appropriate, 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.
|
|
| Huntsman International |
|
| Operating segment information |
|
| Schedule of revenues and EBITDA for each of the entity's reportable operating segments |
|
|
|
Three months
ended
March 31,
|
|
|
|
|
2015
|
|
2014
|
|
|
Huntsman International:
|
|
|
|
|
|
|
|
|
Segment EBITDA(1):
|
|
|
|
|
|
|
|
|
Polyurethanes
|
|
$
|
93
|
|
$
|
158
|
|
|
Performance Products
|
|
|
118
|
|
|
92
|
|
|
Advanced Materials
|
|
|
55
|
|
|
41
|
|
|
Textile Effects
|
|
|
11
|
|
|
8
|
|
|
Pigments and Additives
|
|
|
(75
|
)
|
|
13
|
|
|
Corporate and other(2)
|
|
|
(42
|
)
|
|
(44
|
)
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
160
|
|
|
268
|
|
|
Discontinued Operations(3)
|
|
|
(1
|
)
|
|
(7
|
)
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
159
|
|
|
261
|
|
|
Interest expense
|
|
|
(58
|
)
|
|
(51
|
)
|
|
Income tax expense—continuing operations
|
|
|
(3
|
)
|
|
(37
|
)
|
|
Income tax expense—discontinued operations
|
|
|
(1
|
)
|
|
—
|
|
|
Depreciation and amortization
|
|
|
(92
|
)
|
|
(116
|
)
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Huntsman International LLC
|
|
$
|
5
|
|
$
|
57
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Segment EBITDA is defined as net income attributable to Huntsman Corporation or Huntsman International, as appropriate, 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.
|
|