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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Trade sales, services and fees, net $ 2,819 $ 2,789 $ 8,433 $ 8,198
Related party sales 65 53 194 176
Total revenues 2,884 2,842 8,627 8,374
Cost of goods sold 2,369 2,335 7,157 7,067
Gross profit 515 507 1,470 1,307
Operating expenses:        
Selling, general and administrative 227 238 700 697
Research and development 40 35 113 105
Other operating expense (income) 7 (1) (2) 6
Restructuring, impairment and plant closing costs 39 37 91 110
Total expenses 313 309 902 918
Operating income 202 198 568 389
Interest expense (49) (48) (148) (146)
Equity in income of investment in unconsolidated affiliates 2 3 6 6
Loss on early extinguishment of debt       (35)
Other (expense) income (1)     2
Income from continuing operations before income taxes 154 153 426 216
Income tax benefit (expense) 40 (81) (39) (105)
Income from continuing operations 194 72 387 111
Loss from discontinued operations, net of tax   (2) (7) (4)
Net income 194 70 380 107
Net income attributable to noncontrolling interests (6) (6) (19) (20)
Net income attributable to Huntsman Corporation or Huntsman International LLC 188 64 361 87
Basic income (loss) per share:        
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.77 $ 0.28 $ 1.52 $ 0.38
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)   $ (0.01) $ (0.03) $ (0.02)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.77 $ 0.27 $ 1.49 $ 0.36
Weighted average shares (in shares) 242.6 239.8 241.8 239.5
Diluted income (loss) per share:        
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.76 $ 0.27 $ 1.50 $ 0.38
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)   $ (0.01) $ (0.03) $ (0.02)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.76 $ 0.26 $ 1.47 $ 0.36
Weighted average shares (in shares) 246.7 242.5 245.7 242.1
Amounts attributable to Huntsman Corporation common stockholders :        
Income from continuing operations 188 66 368 91
Loss from discontinued operations, net of tax   (2) (7) (4)
Net income 188 64 361 87
Dividends per share (in dollars per share) $ 0.125 $ 0.125 $ 0.375 $ 0.375
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
        
Revenues:        
Trade sales, services and fees, net 2,819 2,789 8,433 8,198
Related party sales 65 53 194 176
Total revenues 2,884 2,842 8,627 8,374
Cost of goods sold 2,368 2,331 7,150 7,054
Gross profit 516 511 1,477 1,320
Operating expenses:        
Selling, general and administrative 226 236 696 692
Research and development 40 35 113 105
Other operating expense (income) 7 (1) (2) 6
Restructuring, impairment and plant closing costs 39 37 91 110
Total expenses 312 307 898 913
Operating income 204 204 579 407
Interest expense (52) (51) (155) (156)
Equity in income of investment in unconsolidated affiliates 2 3 6 6
Loss on early extinguishment of debt       (35)
Other (expense) income (1)     2
Income from continuing operations before income taxes 153 156 430 224
Income tax benefit (expense) 51 (80) (29) (106)
Income from continuing operations 204 76 401 118
Loss from discontinued operations, net of tax   (2) (7) (4)
Net income 204 74 394 114
Net income attributable to noncontrolling interests (6) (6) (19) (20)
Net income attributable to Huntsman Corporation or Huntsman International LLC 198 68 375 94
Amounts attributable to Huntsman Corporation common stockholders :        
Net income $ 198 $ 68 $ 375 $ 94