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

Quarterly report pursuant to Section 13 or 15(d)

NET INCOME PER SHARE

NET INCOME PER SHARE

6 Months Ended

Jun. 30, 2015

17. NET INCOME PER SHARE

Basic income per share excludes dilution and is computed by dividing net income attributable to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period. Diluted income per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income available to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities.

Basic and diluted income per share is determined using the following information (in millions):

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
Numerator:
Basic and diluted income from continuing operations:
Income from continuing operations attributable to Huntsman Corporation	$	31	$	119	$	38	$	180


Basic and diluted net income:
Net income attributable to Huntsman Corporation	$	29	$	119	$	34	$	173


Shares (denominator):
Weighted average shares outstanding		244.1		241.8		244.0		241.3
Dilutive securities:
Stock-based awards		3.4		3.9		3.3		3.7

Total weighted average shares outstanding, including dilutive shares		247.5		245.7		247.3		245.0

Additional stock-based awards of 2.2 million and 1.1 million weighted average equivalent shares of stock were outstanding during the three months ended June 30, 2015 and 2014, respectively, and additional stock-based awards of 2.7 million and 1.1 million weighted average equivalent shares of stock were outstanding during the six months ended June 30, 2015 and 2014, respectively. However, these stock-based awards were not included in the computation of diluted earnings per share for the six months ended June 30, 2015 and 2014 because the effect would be anti-dilutive.