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

Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENT INFORMATION (Tables)

OPERATING SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of major products by reportable operating segment

Segment		Products

Polyurethanes		MDI, PO, polyols, PG, TPU, aniline and MTBE
Performance Products		amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses
Advanced Materials		epoxy resin compounds and formulations; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane- based adhesives and tooling resin formulations
Textile Effects		textile chemicals and dyes
Pigments		titanium dioxide

Segment reporting information

Schedule of revenues, EBITDA, depreciation and amortization, capital expenditures and total assets

	Year ended December 31,

	2011			2010			2009
Net Sales:
Polyurethanes	$	4,434		$	3,605		$	3,005
Performance Products		3,301			2,659			2,090
Advanced Materials		1,372			1,244			1,059
Textile Effects		737			787			691
Pigments		1,642			1,213			960
Eliminations		(265	)		(258	)		(140	)

Total	$	11,221		$	9,250		$	7,665

Huntsman Corporation:
Segment EBITDA(1):
Polyurethanes	$	469		$	319		$	388
Performance Products		385			363			246
Advanced Materials		125			143			59
Textile Effects		(199	)		1			(64	)
Pigments		501			205			(25	)
Corporate and other(2)		(236	)		(384	)		651

Subtotal		1,045			647			1,255
Discontinued Operations(3)		(6	)		53			(97	)

Total		1,039			700			1,158
Interest expense, net		(249	)		(229	)		(238	)
Income tax expense—continuing operations		(109	)		(29	)		(444	)
Income tax benefit (expense)—discontinued operations		5			(10	)		80
Depreciation and amortization		(439	)		(405	)		(442	)

Net income attributable to Huntsman Corporation	$	247		$	27		$	114

Depreciation and Amortization:
Polyurethanes	$	160		$	155		$	160
Performance Products		110			92			78
Advanced Materials		33			33			38
Textile Effects		27			26			19
Pigments		74			67			104
Corporate and other(2)		35			31			41

Subtotal		439			404			440
Discontinued Operations		—			1			2

Total	$	439		$	405		$	442

	Year ended December 31,

	2011		2010		2009
Capital Expenditures:
Polyurethanes	$	85	$	59	$	55
Performance Products		96		66		70
Advanced Materials		39		24		14
Textile Effects		34		23		19
Pigments		57		49		23
Corporate and other(2)		19		15		8

Total	$	330	$	236	$	189

	December 31,

	2011			2010
Total Assets:
Polyurethanes	$	3,144		$	3,095
Performance Products		2,348			2,077
Advanced Materials		1,307			1,327
Textile Effects		686			776
Pigments		1,428			1,330
Corporate and other(2)		(256	)		109

Total	$	8,657		$	8,714

(1): Segment EBITDA is defined as net income (loss) attributable to Huntsman Corporation or Huntsman International LLC, as appropriate, before interest, income tax, depreciation and amortization, and certain Corporate and other items.
(2): Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, (expenses) income associated with the Terminated Merger and related litigation (Huntsman Corporation only), unallocated restructuring, impairment and plant closing costs and non-operating income and expense.
(3): The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented. For more information, see "Note 25. Discontinued Operations."

Schedule of revenues and long-lived assets by geographical area


	2011		2010		2009
By Geographic Area
Revenues(1):
United States	$	3,470	$	2,777	$	2,345
China		944		881		561
Mexico		723		485		432
Germany		638		519		433
Italy		558		474		415
Other nations		4,888		4,114		3,479

Total	$	11,221	$	9,250	$	7,665

	December 31,

	2011		2010
Long-lived assets(2):
Huntsman Corporation
United States	$	1,390	$	1,441
The Netherlands		310		311
United Kingdom		306		320
Saudi Arabia		243		259
Germany		205		68
Switzerland		166		221
Spain		157		173
Other nations		845		812

Total	$	3,622	$	3,605

Huntsman International
United States	$	1,278	$	1,305
The Netherlands		310		311
United Kingdom		306		320
Saudi Arabia		243		259
Germany		205		68
Switzerland		166		221
Spain		157		173
Other nations		845		812

Total	$	3,510	$	3,469

(1): Geographic information for revenues is based upon countries into which product is sold.
(2): Long-lived assets are made up of property, plant and equipment, net.

Huntsman International LLC and Subsidiaries

Segment reporting information

Schedule of revenues, EBITDA, depreciation and amortization, capital expenditures and total assets

	Year ended December 31,

	2011			2010			2009
Huntsman International:
Segment EBITDA(1):
Polyurethanes	$	469		$	319		$	388
Performance Products		385			363			246
Advanced Materials		125			143			59
Textile Effects		(199	)		1			(64	)
Pigments		501			205			(25	)
Corporate and other(2)		(236	)		(224	)		(178	)

Subtotal		1,045			807			426
Discontinued Operations(3)		(6	)		53			(97	)

Total		1,039			860			329
Interest expense, net		(262	)		(248	)		(240	)
Income tax expense—continuing operations		(113	)		(40	)		(159	)
Income tax benefit (expense)—discontinued operations		5			(10	)		80
Depreciation and amortization		(416	)		(382	)		(420	)

Net income (loss) attributable to Huntsman International LLC	$	253		$	180		$	(410	)

Depreciation and Amortization:
Polyurethanes	$	160		$	155		$	160
Performance Products		110			92			78
Advanced Materials		33			33			38
Textile Effects		27			26			19
Pigments		74			67			104
Corporate and other(2)		12			8			19

Subtotal		416			381			418
Discontinued Operations		—			1			2

Total	$	416		$	382		$	420

Capital Expenditures:
Polyurethanes	$	85		$	59		$	55
Performance Products		96			66			70
Advanced Materials		39			24			14
Textile Effects		34			23			19
Pigments		57			49			23
Corporate and other(2)		19			15			8

Total	$	330		$	236		$	189

	December 31,

	2011			2010
Total Assets:
Polyurethanes	$	3,086		$	3,024
Performance Products		2,340			2,067
Advanced Materials		1,307			1,327
Textile Effects		686			776
Pigments		1,384			1,277
Corporate and other(2)		(473	)		(164	)

Total	$	8,330		$	8,307

(1): Segment EBITDA is defined as net income (loss) attributable to Huntsman Corporation or Huntsman International LLC, as appropriate, before interest, income tax, depreciation and amortization, and certain Corporate and other items.
(2): Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, (expenses) income associated with the Terminated Merger and related litigation (Huntsman Corporation only), unallocated restructuring, impairment and plant closing costs and non-operating income and expense.
(3): The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented. For more information, see "Note 25. Discontinued Operations."

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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