|
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA (Tables)
|
12 Months Ended |
|
Dec. 31, 2011
|
| Quarterly Financial Information |
|
| Summary of selected unaudited quarterly financial data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended(1) |
|
|
|
March 31,
2011 |
|
June 30,
2011 |
|
September 30,
2011(2) |
|
December 31,
2011(3) |
|
|
Revenues
|
|
$ |
2,679 |
|
$ |
2,934 |
|
$ |
2,976 |
|
$ |
2,632 |
|
|
Gross profit
|
|
|
460 |
|
|
501 |
|
|
490 |
|
|
389 |
|
|
Restructuring, impairment and plant closing costs (credits)
|
|
|
7 |
|
|
9 |
|
|
155 |
|
|
(4 |
) |
|
Income (loss) from continuing operations
|
|
|
80 |
|
|
124 |
|
|
(42 |
) |
|
89 |
|
|
Income (loss) before extraordinary gain
|
|
|
66 |
|
|
123 |
|
|
(32 |
) |
|
93 |
|
|
Net income (loss)
|
|
|
67 |
|
|
124 |
|
|
(32 |
) |
|
95 |
|
|
Net income (loss) attributable to Huntsman Corporation
|
|
|
62 |
|
|
114 |
|
|
(34 |
) |
|
105 |
|
|
Basic income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders
|
|
|
0.32 |
|
|
0.48 |
|
|
(0.19 |
) |
|
0.42 |
|
|
Net income (loss) attributable to Huntsman Corporation common stockholders
|
|
|
0.26 |
|
|
0.48 |
|
|
(0.14 |
) |
|
0.45 |
|
|
Diluted income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders
|
|
|
0.31 |
|
|
0.47 |
|
|
(0.19 |
) |
|
0.41 |
|
|
Net income (loss) attributable to Huntsman Corporation common stockholders
|
|
|
0.26 |
|
|
0.47 |
|
|
(0.14 |
) |
|
0.44 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended(1) |
|
|
|
March 31,
2010(4) |
|
June 30,
2010(5) |
|
September 30,
2010 |
|
December 31,
2010 |
|
|
Revenues
|
|
$ |
2,094 |
|
$ |
2,343 |
|
$ |
2,401 |
|
$ |
2,412 |
|
|
Gross profit
|
|
|
281 |
|
|
385 |
|
|
415 |
|
|
380 |
|
|
Restructuring, impairment and plant closing costs
|
|
|
3 |
|
|
17 |
|
|
4 |
|
|
5 |
|
|
(Loss) income from continuing operations
|
|
|
(159 |
) |
|
54 |
|
|
57 |
|
|
39 |
|
|
(Loss) income before extraordinary gain
|
|
|
(172 |
) |
|
116 |
|
|
56 |
|
|
33 |
|
|
Net (loss) income
|
|
|
(172 |
) |
|
116 |
|
|
56 |
|
|
32 |
|
|
Net (loss) income attributable to Huntsman Corporation
|
|
|
(172 |
) |
|
114 |
|
|
55 |
|
|
30 |
|
|
Basic (loss) income per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders
|
|
|
(0.68 |
) |
|
0.22 |
|
|
0.24 |
|
|
0.16 |
|
|
Net (loss) income attributable to Huntsman Corporation common stockholders
|
|
|
(0.73 |
) |
|
0.48 |
|
|
0.23 |
|
|
0.13 |
|
|
Diluted (loss) income per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders
|
|
|
(0.68 |
) |
|
0.21 |
|
|
0.23 |
|
|
0.15 |
|
|
Net (loss) income attributable to Huntsman Corporation common stockholders
|
|
|
(0.73 |
) |
|
0.47 |
|
|
0.23 |
|
|
0.12 |
|
-
-
-
(1)
- Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.
-
(2)
- During the quarter ended September 30, 2011, we announced plans to implement a significant restructuring of our Textile Effects business, including the closure of our production facilities and business support offices in Basel, Switzerland. In connection with this plan during 2011, we recorded a charge of $62 million for workforce reduction and a noncash $53 million charge for the impairment of long-lived assets at our Basel, Switzerland manufacturing facility.
-
(3)
- During the quarter ended December 31, 2011, our Advanced Materials division completed the sale of its stereolithography resin and Digitalis® machine manufacturing businesses to 3D Systems Corporation and recognized a pre-tax gain of $34 million.
-
(4)
- During the quarter ended March 31, 2010, we repurchased the entire $250 million principal amount of our outstanding Convertible Notes for approximately $382 million and recorded a loss on early extinguishment of debt of $146 million.
-
-
(5)
- During the quarter ended June 30, 2010, we recorded a non-recurring $15 million credit to equity income of investment in unconsolidated affiliates to appropriately reflect our investment in the Sasol-Huntsman joint venture. Additionally, during the quarter ended June 30, 2010, we recorded a reduction to interest expense of $15 million relating to the ineffective portion of our cross-currency interest rate contracts.
|
|
|
|
|
Limited Liability Company [Member]
|
|
| Quarterly Financial Information |
|
| Summary of selected unaudited quarterly financial data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
|
March 31,
2011 |
|
June 30,
2011 |
|
September 30,
2011(2) |
|
December 31,
2011(3) |
|
|
Revenues
|
|
$ |
2,679 |
|
$ |
2,934 |
|
$ |
2,976 |
|
$ |
2,632 |
|
|
Gross profit
|
|
|
465 |
|
|
505 |
|
|
495 |
|
|
393 |
|
|
Restructuring, impairment and plant closing costs
|
|
|
7 |
|
|
9 |
|
|
155 |
|
|
(4 |
) |
|
Income (loss) from continuing operations
|
|
|
81 |
|
|
127 |
|
|
(39 |
) |
|
88 |
|
|
Income (loss) before extraordinary gain
|
|
|
67 |
|
|
126 |
|
|
(29 |
) |
|
92 |
|
|
Net income (loss)
|
|
|
68 |
|
|
127 |
|
|
(29 |
) |
|
94 |
|
|
Net income (loss) attributable to Huntsman International LLC
|
|
$ |
63 |
|
$ |
117 |
|
$ |
(31 |
) |
$ |
104 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
|
March 31,
2010 |
|
June 30,
2010(5) |
|
September 30,
2010 |
|
December 31,
2010 |
|
|
Revenues
|
|
$ |
2,094 |
|
$ |
2,343 |
|
$ |
2,401 |
|
$ |
2,412 |
|
|
Gross profit
|
|
|
286 |
|
|
388 |
|
|
420 |
|
|
384 |
|
|
Restructuring, impairment and plant closing costs
|
|
|
3 |
|
|
17 |
|
|
4 |
|
|
5 |
|
|
(Loss) income from continuing operations
|
|
|
(13 |
) |
|
57 |
|
|
60 |
|
|
40 |
|
|
(Loss) income before extraordinary gain
|
|
|
(26 |
) |
|
119 |
|
|
59 |
|
|
34 |
|
|
Net (loss) income
|
|
|
(26 |
) |
|
119 |
|
|
59 |
|
|
33 |
|
|
Net (loss) income attributable to Huntsman International LLC
|
|
|
(26 |
) |
|
117 |
|
|
58 |
|
|
31 |
|
-
-
(2)
- During the quarter ended September 30, 2011, we announced plans to implement a significant restructuring of our Textile Effects business, including the closure of our production facilities and business support offices in Basel, Switzerland. In connection with this plan during 2011, we recorded a charge of $62 million for workforce reduction and a noncash $53 million charge for the impairment of long-lived assets at our Basel, Switzerland manufacturing facility.
-
(3)
- During the quarter ended December 31, 2011, our Advanced Materials division completed the sale of its stereolithography resin and Digitalis® machine manufacturing businesses to 3D Systems Corporation and recognized a pre-tax gain of $34 million.
-
-
(5)
- During the quarter ended June 30, 2010, we recorded a non-recurring $15 million credit to equity income of investment in unconsolidated affiliates to appropriately reflect our investment in the Sasol-Huntsman joint venture. Additionally, during the quarter ended June 30, 2010, we recorded a reduction to interest expense of $15 million relating to the ineffective portion of our cross-currency interest rate contracts.
|
|
|