OTHER COMPREHENSIVE (LOSS) INCOME (Tables)
|
9 Months Ended |
Sep. 30, 2015 |
|---|
| Components of other comprehensive income (loss) |
|
| Schedule of other comprehensive (loss) income and changes in accumulated other comprehensive loss by component |
The components of other comprehensive (loss) income and changes in accumulated other comprehensive loss by component were as follows (dollars in millions):
|
|
|
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
|
|
|
(238
|
)
|
|
(5
|
)
|
|
(1
|
)
|
|
4
|
|
|
(240
|
)
|
|
7
|
|
|
(233
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
41
|
|
|
—
|
|
|
—
|
|
|
41
|
|
|
—
|
|
|
41
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(238
|
)
|
|
36
|
|
|
(1
|
)
|
|
4
|
|
|
(199
|
)
|
|
7
|
|
|
(192
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, September 30, 2015
|
|
$
|
(213
|
)
|
$
|
(1,086
|
)
|
$
|
9
|
|
$
|
15
|
|
$
|
(1,275
|
)
|
$
|
30
|
|
$
|
(1,245
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $66 and $47 as of September 30, 2015 and January 1, 2015, respectively.
|
|
(b)
|
Amounts are net of tax of $171 and $182 as of September 30, 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 income before reclassifications
|
|
|
(108
|
)
|
|
—
|
|
|
—
|
|
|
2
|
|
|
(106
|
)
|
|
7
|
|
|
(99
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
33
|
|
|
—
|
|
|
—
|
|
|
33
|
|
|
—
|
|
|
33
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(108
|
)
|
|
33
|
|
|
—
|
|
|
2
|
|
|
(73
|
)
|
|
7
|
|
|
(66
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, September 30, 2014
|
|
$
|
138
|
|
$
|
(818
|
)
|
$
|
12
|
|
$
|
10
|
|
$
|
(658
|
)
|
$
|
15
|
|
$
|
(643
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $32 and $13 as of September 30, 2014 and January 1, 2014, respectively.
|
|
(b)
|
Amounts are net of tax of $72 and $83 as of September 30, 2014 and January 1, 2014, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
| Schedule of details about reclassifications from accumulated other comprehensive loss |
|
|
|
Three months
ended
September 30, 2015
|
|
Nine months
ended
September 30, 2015
|
|
|
|
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
|
|
$
|
(3
|
)
|
$
|
(7
|
)
|
(b)
|
|
Actuarial loss
|
|
|
20
|
|
|
59
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17
|
|
|
52
|
|
Total before tax
|
|
|
|
|
(3
|
)
|
|
(11
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
14
|
|
$
|
41
|
|
Net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months
ended
September 30, 2014
|
|
Nine months
ended
September 30, 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
|
)
|
$
|
(7
|
)
|
(b)
|
|
Actuarial loss
|
|
|
13
|
|
|
40
|
|
(b)(c)
|
|
Settlement loss
|
|
|
10
|
|
|
11
|
|
(b)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21
|
|
|
44
|
|
Total before tax
|
|
|
|
|
(5
|
)
|
|
(11
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
16
|
|
$
|
33
|
|
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 $2 and $1 of actuarial losses related to discontinued operations for the three months ended September 30, 2015 and 2014, respectively, and $4 and $3 of actuarial losses related to discontinued operations for the nine months ended September 30, 2015 and 2014, respectively.
|
|
| Huntsman International |
|
| Components of other comprehensive income (loss) |
|
| Schedule of other comprehensive (loss) income and changes in accumulated other comprehensive loss by component |
The components of other comprehensive (loss) income and changes in accumulated other comprehensive loss by component were as follows (dollars in millions):
|
|
|
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
International
|
|
|
Beginning balance, January 1, 2015
|
|
$
|
22
|
|
$
|
(1,147
|
)
|
$
|
10
|
|
$
|
5
|
|
$
|
(1,110
|
)
|
$
|
23
|
|
$
|
(1,087
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassifications
|
|
|
(238
|
)
|
|
(5
|
)
|
|
(1
|
)
|
|
4
|
|
|
(240
|
)
|
|
7
|
|
|
(233
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
46
|
|
|
—
|
|
|
—
|
|
|
46
|
|
|
—
|
|
|
46
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(238
|
)
|
|
41
|
|
|
(1
|
)
|
|
4
|
|
|
(194
|
)
|
|
7
|
|
|
(187
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, September 30, 2015
|
|
$
|
(216
|
)
|
$
|
(1,106
|
)
|
$
|
9
|
|
$
|
9
|
|
$
|
(1,304
|
)
|
$
|
30
|
|
$
|
(1,274
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $53 and $34 as of September 30, 2015 and January 1, 2015, respectively.
|
|
(b)
|
Amounts are net of tax of $200 and $211 as of September 30, 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
|
|
|
(108
|
)
|
|
—
|
|
|
—
|
|
|
2
|
|
|
(106
|
)
|
|
7
|
|
|
(99
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
38
|
|
|
—
|
|
|
—
|
|
|
38
|
|
|
—
|
|
|
38
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(108
|
)
|
|
38
|
|
|
—
|
|
|
2
|
|
|
(68
|
)
|
|
7
|
|
|
(61
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, September 30, 2014
|
|
$
|
135
|
|
$
|
(845
|
)
|
$
|
12
|
|
$
|
4
|
|
$
|
(694
|
)
|
$
|
15
|
|
$
|
(679
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $19 and nil as of September 30, 2014 and January 1, 2014, respectively.
|
|
(b)
|
Amounts are net of tax of $101 and $113 as of September 30, 2014 and January 1, 2014, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
| Schedule of details about reclassifications from accumulated other comprehensive loss |
|
|
|
Three months
ended
September 30, 2015
|
|
Nine months
ended
September 30, 2015
|
|
|
|
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
|
|
$
|
(3
|
)
|
$
|
(7
|
)
|
(b)
|
|
Actuarial loss
|
|
|
22
|
|
|
65
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19
|
|
|
58
|
|
Total before tax
|
|
|
|
|
(4
|
)
|
|
(12
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
15
|
|
$
|
46
|
|
Net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months
ended
September 30, 2014
|
|
Nine months
ended
September 30, 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
|
)
|
$
|
(7
|
)
|
(b)
|
|
Actuarial loss
|
|
|
15
|
|
|
46
|
|
(b)(c)
|
|
Settlement loss
|
|
|
10
|
|
|
11
|
|
(b)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23
|
|
|
50
|
|
Total before tax
|
|
|
|
|
(5
|
)
|
|
(12
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
18
|
|
$
|
38
|
|
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 $2 and $1 of actuarial losses related to discontinued operations for the three months ended September 30, 2015 and 2014, respectively, and $4 and $3 of actuarial losses related to discontinued operations for the nine months ended September 30, 2015 and 2014, respectively.
|
|