| OTHER COMPREHENSIVE (LOSS) INCOME |
22. OTHER COMPREHENSIVE (LOSS) INCOME
Other comprehensive (loss) income consisted of the following (dollars in millions):
Huntsman Corporation
|
|
|
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 (loss) income before reclassifications
|
|
|
(221
|
)
|
|
(223
|
)
|
|
(2
|
)
|
|
3
|
|
|
(443
|
)
|
|
15
|
|
|
(428
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
(48
|
)
|
|
—
|
|
|
—
|
|
|
(48
|
)
|
|
—
|
|
|
(48
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(221
|
)
|
|
(271
|
)
|
|
(2
|
)
|
|
3
|
|
|
(491
|
)
|
|
15
|
|
|
(476
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, December 31, 2014
|
|
$
|
25
|
|
$
|
(1,122
|
)
|
$
|
10
|
|
$
|
11
|
|
$
|
(1,076
|
)
|
$
|
23
|
|
$
|
(1,053
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $47 and $13 as of December 31, 2014 and January 1, 2014, respectively.
|
|
(b)
|
Amounts are net of tax of $182 and $83 as of December 31, 2014 and January 1, 2014, 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, 2013
|
|
$
|
269
|
|
$
|
(1,036
|
)
|
$
|
7
|
|
$
|
3
|
|
$
|
(757
|
)
|
$
|
13
|
|
$
|
(744
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassifications
|
|
|
(23
|
)
|
|
246
|
|
|
5
|
|
|
5
|
|
|
233
|
|
|
(5
|
)
|
|
228
|
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
(61
|
)
|
|
—
|
|
|
—
|
|
|
(61
|
)
|
|
—
|
|
|
(61
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(23
|
)
|
|
185
|
|
|
5
|
|
|
5
|
|
|
172
|
|
|
(5
|
)
|
|
167
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, December 31, 2013
|
|
$
|
246
|
|
$
|
(851
|
)
|
$
|
12
|
|
$
|
8
|
|
$
|
(585
|
)
|
$
|
8
|
|
$
|
(577
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $13 and $20 as of December 31, 2013 and January 1, 2013, respectively.
|
|
(b)
|
Amounts are net of tax of $83 and $197 as of December 31, 2013 and January 1, 2013, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Year ended
December 31,
2014
|
|
Year ended
December 31,
2013
|
|
Year ended
December 31,
2012
|
|
|
|
Details about Accumulated Other Comprehensive Loss Components(a):
|
|
Amount
reclassified
from accumulated
other
comprehensive
loss
|
|
Amount
reclassified
from accumulated
other
comprehensive
loss
|
|
Amount
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
|
|
$
|
9
|
|
$
|
8
|
|
$
|
10
|
|
(b)
|
|
Actuarial loss
|
|
|
(55
|
)
|
|
(80
|
)
|
|
(46
|
)
|
(b)(c)
|
|
Settlement loss
|
|
|
(13
|
)
|
|
(12
|
)
|
|
(13
|
)
|
(b)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(59
|
)
|
|
(84
|
)
|
|
(49
|
)
|
Total before tax
|
|
|
|
|
11
|
|
|
23
|
|
|
7
|
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
(48
|
)
|
$
|
(61
|
)
|
$
|
(42
|
)
|
Net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations.
|
|
(b)
|
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 16. Employee Benefit Plans."
|
|
(c)
|
Amounts contain approximately $4 million, $6 million and $4 million of actuarial losses related to discontinued operations for the years ended December 31, 2014, 2013 and 2012, respectively.
|
Huntsman International
|
|
|
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, 2014
|
|
$
|
243
|
|
$
|
(883
|
)
|
$
|
12
|
|
$
|
2
|
|
$
|
(626
|
)
|
$
|
8
|
|
$
|
(618
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassifications
|
|
|
(221
|
)
|
|
(210
|
)
|
|
(2
|
)
|
|
3
|
|
|
(430
|
)
|
|
15
|
|
|
(415
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
(54
|
)
|
|
—
|
|
|
—
|
|
|
(54
|
)
|
|
—
|
|
|
(54
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(221
|
)
|
|
(264
|
)
|
|
(2
|
)
|
|
3
|
|
|
(484
|
)
|
|
15
|
|
|
(469
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, December 31, 2014
|
|
$
|
22
|
|
$
|
(1,147
|
)
|
$
|
10
|
|
$
|
5
|
|
$
|
(1,110
|
)
|
$
|
23
|
|
$
|
(1,087
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $34 and nil as of December 31, 2014 and January 1, 2014, respectively.
|
|
(b)
|
Amounts are net of tax of $211 and $113 as of December 31, 2014 and January 1, 2014, 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
International
|
|
|
Beginning balance, January 1, 2013
|
|
$
|
268
|
|
$
|
(1,076
|
)
|
$
|
7
|
|
$
|
(3
|
)
|
$
|
(804
|
)
|
$
|
13
|
|
$
|
(791
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassifications
|
|
|
(25
|
)
|
|
259
|
|
|
5
|
|
|
5
|
|
|
244
|
|
|
(5
|
)
|
|
239
|
|
|
Amounts reclassified from accumulated other comprehensive loss(c)
|
|
|
—
|
|
|
(66
|
)
|
|
—
|
|
|
—
|
|
|
(66
|
)
|
|
—
|
|
|
(66
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(25
|
)
|
|
193
|
|
|
5
|
|
|
5
|
|
|
178
|
|
|
(5
|
)
|
|
173
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, December 31, 2013
|
|
$
|
243
|
|
$
|
(883
|
)
|
$
|
12
|
|
$
|
2
|
|
$
|
(626
|
)
|
$
|
8
|
|
$
|
(618
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of nil and $7 as of December 31, 2013 and January 1, 2013, respectively.
|
|
(b)
|
Amounts are net of tax of $113 and $228 as of December 31, 2013 and January 1, 2013, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Year ended
December 31,
2014
|
|
Year ended
December 31,
2013
|
|
Year ended
December 31,
2012
|
|
|
|
Details about Accumulated Other Comprehensive Loss Components(a):
|
|
Amount
reclassified
from
accumulated
other
comprehensive
loss
|
|
Amount
reclassified
from
accumulated
other
comprehensive
loss
|
|
Amount
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
|
|
$
|
9
|
|
$
|
8
|
|
$
|
10
|
|
(b)
|
|
Actuarial loss
|
|
|
(62
|
)
|
|
(86
|
)
|
|
(51
|
)
|
(b)(c)
|
|
Settlement loss
|
|
|
(13
|
)
|
|
(12
|
)
|
|
(13
|
)
|
(b)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(66
|
)
|
|
(90
|
)
|
|
(54
|
)
|
Total before tax
|
|
|
|
|
12
|
|
|
24
|
|
|
8
|
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
(54
|
)
|
$
|
(66
|
)
|
$
|
(46
|
)
|
Net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations.
|
|
(b)
|
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 16. Employee Benefit Plans."
|
|
(c)
|
Amounts contain approximately $4 million and $6 million and $4 million of actuarial losses related to discontinued operations for the years ended December 31, 2014, 2013 and 2012, respectively.
|
Items of other comprehensive income (loss) of our Company and our consolidated affiliates have been recorded net of tax, with the exception of the foreign currency translation adjustments related to subsidiaries with earnings permanently reinvested. The tax effect is determined based upon the jurisdiction where the income or loss was recognized and is net of valuation allowances.
|