Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Details 2)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Details 2) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues:
Trade sales, services and fees, net	$ 2,560us-gaap_SalesRevenueNet	$ 2,693us-gaap_SalesRevenueNet
Related party sales	29us-gaap_RevenueFromRelatedParties	62us-gaap_RevenueFromRelatedParties
Total revenues	2,589us-gaap_Revenues	2,755us-gaap_Revenues
Cost of goods sold	2,139us-gaap_CostOfGoodsSold	2,305us-gaap_CostOfGoodsSold
Gross profit	450us-gaap_GrossProfit	450us-gaap_GrossProfit
Selling, general and administrative	246	229
Research and development	42us-gaap_ResearchAndDevelopmentExpense	36us-gaap_ResearchAndDevelopmentExpense
Other operating (income) expense	(8)us-gaap_OtherOperatingIncomeExpenseNet	(4)us-gaap_OtherOperatingIncomeExpenseNet
Restructuring, impairment and plant closing costs	93	39
Operating income	77us-gaap_OperatingIncomeLoss	150us-gaap_OperatingIncomeLoss
Interest (expense) income, net	(56)us-gaap_InterestIncomeExpenseNet	(48)us-gaap_InterestIncomeExpenseNet
Equity in income (loss) of investment in affiliates and subsidiaries	2	2
Loss on early extinguishment of debt	(3)
Other income (loss)	(1)us-gaap_OtherNonoperatingIncomeExpense	1us-gaap_OtherNonoperatingIncomeExpense
Income from continuing operations before income taxes	19	105
Income tax benefit (expense)	(2)us-gaap_IncomeTaxExpenseBenefit	(36)us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations	17	69
Income (loss) from discontinued operations, net of tax	(2)	(7)
Net income	15us-gaap_ProfitLoss	62us-gaap_ProfitLoss
Net income attributable to noncontrolling interests	(10)	(8)
Net income attributable to Huntsman Corporation or Huntsman International LLC	5us-gaap_NetIncomeLoss	54us-gaap_NetIncomeLoss
Other comprehensive income	(170)	7
Comprehensive income attributable to noncontrolling interests	(3)	(12)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC	(158)us-gaap_ComprehensiveIncomeNetOfTax	57us-gaap_ComprehensiveIncomeNetOfTax
Huntsman International
Revenues:
Trade sales, services and fees, net	2,560	2,693
Related party sales	29	62
Total revenues	2,589	2,755
Cost of goods sold	2,137	2,300
Gross profit	452	455
Selling, general and administrative	244	227
Research and development	42	36
Other operating (income) expense	(7)	(4)
Restructuring, impairment and plant closing costs	93	39
Operating income	80	157
Interest (expense) income, net	(58)	(51)
Equity in income (loss) of investment in affiliates and subsidiaries	2	2
Loss on early extinguishment of debt	(3)
Other income (loss)	(1)	1
Income from continuing operations before income taxes	20	109
Income tax benefit (expense)	(3)	(37)
Income from continuing operations	17	72
Income (loss) from discontinued operations, net of tax	(2)	(7)
Net income	15	65
Net income attributable to noncontrolling interests	(10)	(8)
Net income attributable to Huntsman Corporation or Huntsman International LLC	5	57
Other comprehensive income	(168)	8
Comprehensive income attributable to noncontrolling interests	(3)	(12)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC	(156)	61
Reportable legal entities \| Huntsman International \| Parent Company
Revenues:
Trade sales, services and fees, net	257	260
Related party sales	68	97
Total revenues	325	357
Cost of goods sold	261	300
Gross profit	64	57
Selling, general and administrative	45	31
Research and development	11	11
Other operating (income) expense	(28)	(3)
Restructuring, impairment and plant closing costs		(2)
Operating income	36	20
Interest (expense) income, net	(57)	(47)
Equity in income (loss) of investment in affiliates and subsidiaries	25	79
Loss on early extinguishment of debt	(3)
Other income (loss)	1	1
Income from continuing operations before income taxes	2	53
Income tax benefit (expense)	4	4
Income from continuing operations	6	57
Income (loss) from discontinued operations, net of tax	(1)
Net income	5	57
Net income attributable to Huntsman Corporation or Huntsman International LLC	5	57
Other comprehensive income	(161)	4
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC	(156)	61
Reportable legal entities \| Huntsman International \| Guarantors
Revenues:
Trade sales, services and fees, net	579	766
Related party sales	122	130
Total revenues	701	896
Cost of goods sold	579	709
Gross profit	122	187
Selling, general and administrative	40	38
Research and development	10	9
Other operating (income) expense	1	(5)
Restructuring, impairment and plant closing costs		2
Operating income	71	143
Interest (expense) income, net	8	8
Equity in income (loss) of investment in affiliates and subsidiaries	(16)	(13)
Other income (loss)	(7)
Income from continuing operations before income taxes	56	138
Income tax benefit (expense)	(23)	(56)
Income from continuing operations	33	82
Net income	33	82
Net income attributable to Huntsman Corporation or Huntsman International LLC	33	82
Other comprehensive income	73	97
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC	106	179
Reportable legal entities \| Huntsman International \| Nonguarantors
Revenues:
Trade sales, services and fees, net	1,724	1,667
Related party sales	267	341
Total revenues	1,991	2,008
Cost of goods sold	1,723	1,796
Gross profit	268	212
Selling, general and administrative	159	158
Research and development	21	16
Other operating (income) expense	20	4
Restructuring, impairment and plant closing costs	93	39
Operating income	(25)	(5)
Interest (expense) income, net	(9)	(12)
Equity in income (loss) of investment in affiliates and subsidiaries	2	2
Other income (loss)	5
Income from continuing operations before income taxes	(27)	(15)
Income tax benefit (expense)	16	15
Income from continuing operations	(11)
Income (loss) from discontinued operations, net of tax	(1)	(7)
Net income	(12)	(7)
Net income attributable to noncontrolling interests	(8)	(6)
Net income attributable to Huntsman Corporation or Huntsman International LLC	(20)	(13)
Other comprehensive income	(170)	5
Comprehensive income attributable to noncontrolling interests		(10)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC	(182)	(12)
Eliminations \| Huntsman International
Revenues:
Related party sales	(428)	(506)
Total revenues	(428)	(506)
Cost of goods sold	(426)	(505)
Gross profit	(2)	(1)
Operating income	(2)	(1)
Equity in income (loss) of investment in affiliates and subsidiaries	(9)	(66)
Income from continuing operations before income taxes	(11)	(67)
Income from continuing operations	(11)	(67)
Net income	(11)	(67)
Net income attributable to noncontrolling interests	(2)	(2)
Net income attributable to Huntsman Corporation or Huntsman International LLC	(13)	(69)
Other comprehensive income	90	(98)
Comprehensive income attributable to noncontrolling interests	(3)	(2)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC	$ 76	$ (167)