Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Trade sales, services and fees, net $ 10,168 $ 11,317 $ 10,847
Related party sales 131 261 232
Total revenues 10,299 11,578 11,079
Cost of goods sold 8,451 9,659 9,326
Gross profit 1,848 1,919 1,753
Operating expenses:      
Selling, general and administrative 982 974 942
Research and development 160 158 140
Other operating (income) expense (1) (4) 10
Restructuring, impairment and plant closing costs 302 158 151
Total expenses 1,443 1,286 1,243
Operating income (loss) 405 633 510
Interest expense (205) (205) (190)
Equity in income of investment in unconsolidated affiliates 6 6 8
Loss on early extinguishment of debt (31) (28) (51)
Other income (loss) 1 (2) 2
(Loss) income from continuing operations before income taxes 176 404 279
Income tax expense (46) (51) (125)
Income (loss) from continuing operations 130 353 154
Loss from discontinued operations, net of tax (4) (8) (5)
Net income (loss) 126 345 149
Net income attributable to noncontrolling interests (33) (22) (21)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC $ 93 $ 323 $ 128
Basic income (loss) per share:      
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.40 $ 1.36 $ 0.55
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) (0.02) (0.03) (0.02)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.38 $ 1.33 $ 0.53
Weighted average shares (in shares) 242.8 242.1 239.7
Diluted income (loss) per share:      
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.40 $ 1.34 $ 0.55
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) (0.02) (0.03) (0.02)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.38 $ 1.31 $ 0.53
Weighted average shares (in shares) 245.4 246.0 242.4
Amounts attributable to Huntsman Corporation common stockholders:      
Income from continuing operations $ 97 $ 331 $ 133
Loss from discontinued operations, net of tax (4) (8) (5)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC $ 93 $ 323 $ 128
Dividends per share (in dollars per share) $ 0.50 $ 0.50 $ 0.50
Huntsman International      
Revenues:      
Trade sales, services and fees, net $ 10,168 $ 11,317 $ 10,847
Related party sales 131 261 232
Total revenues 10,299 11,578 11,079
Cost of goods sold 8,447 9,651 9,309
Gross profit 1,852 1,927 1,770
Operating expenses:      
Selling, general and administrative 977 969 936
Research and development 160 158 140
Other operating (income) expense   (4) 10
Restructuring, impairment and plant closing costs 302 158 151
Total expenses 1,439 1,281 1,237
Operating income (loss) 413 646 533
Interest expense (214) (214) (203)
Equity in income of investment in unconsolidated affiliates 6 6 8
Loss on early extinguishment of debt (31) (28) (51)
Other income (loss) 2 (1) 2
(Loss) income from continuing operations before income taxes 176 409 289
Income tax expense (45) (43) (137)
Income (loss) from continuing operations 131 366 152
Loss from discontinued operations, net of tax (4) (9) (5)
Net income (loss) 127 357 147
Net income attributable to noncontrolling interests (33) (22) (21)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC 94 335 126
Amounts attributable to Huntsman Corporation common stockholders:      
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC $ 94 $ 335 $ 126