Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS (Tables)

DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2011

AUSTRALIA STYRENICS BUSINESS SHUTDOWN

Results of operations presented as discontinued operations in the accompanying consolidated statements of operations

	Year ended December 31,

	2011			2010			2009
Revenues	$	38		$	52		$	98
Operating costs and expenses		(44	)		(85	)		(182	)
Nonoperating expense		—			(19	)		—

Loss before income taxes		(6	)		(52	)		(84	)
Income tax benefit		2			28			74

Loss from discontinued operations, net of tax	$	(4	)	$	(24	)	$	(10	)

U.S. Base Chemicals Disposition

DISCONTINUED OPERATIONS

Results of operations presented as discontinued operations in the accompanying consolidated statements of operations

	Year ended December 31,

	2011			2010			2009
Other (expenses) income	$	(1	)	$	(6	)	$	2
Gain (loss) on insurance settlements, net		—			110			(17	)

(Loss) income before income taxes		(1	)		104			(15	)
Income tax (expense) benefit		—			(38	)		6

(Loss) income from discontinued operations, net of tax	$	(1	)	$	66		$	(9	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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