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

Annual report pursuant to Section 13 and 15(d)

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2015

Allocation of acquisition cost to the assets acquired and liabilities assumed

The allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions):

Cash paid for Rockwood Acquisition in 2014	$	1,038
Purchase price adjustment received in 2015		(18	)

Net acquisition cost	$	1,020


Fair value of assets acquired and liabilities assumed:
Cash	$	77
Accounts receivable		220
Inventories		401
Prepaid expenses and other current assets		55
Property, plant and equipment		665
Intangible assets		31
Deferred income taxes, non-current		106
Other assets		8
Accounts payable		(146	)
Accrued expenses and other current liabilities		(106	)
Long-term debt, non-current		(3	)
Pension and related liabilities		(233	)
Deferred income taxes, non-current		(9	)
Other liabilities		(30	)

Total fair value of net assets acquired		1,036

Noncontrolling interest		(16	)

Total	$	1,020

Estimated pro forma revenues and net income

If the Rockwood Acquisition were to have occurred on January 1, 2013, the following estimated pro forma revenues and net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions, except per share amounts):

	Pro Forma
	Year ended December 31, (Unaudited)
	2014		2013
Revenues	$	12,724	$	12,599
Net income attributable to Huntsman Corporation		398		100
Income per share:
Basic	$	1.64	$	0.42
Diluted		1.62		0.41

Rockwood Holdings, Inc | Huntsman International

Business Combinations

Estimated pro forma revenues and net income

	Pro Forma
	Year ended December 31, (Unaudited)
	2014		2013
Revenues	$	12,724	$	12,599
Net income attributable to Huntsman International		410		98

Oxid

Business Combinations

Allocation of acquisition cost to the assets acquired and liabilities assumed

The allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions):

Cash paid for acquisition	$	66
Contingent consideration		10

Acquisition cost	$	76


Fair value of assets acquired and liabilities assumed:
Accounts receivable	$	9
Inventories		14
Property, plant and equipment		22
Intangible assets		36
Accounts payable		(4	)
Accrued liabilities		(1	)

Total fair value of net assets acquired	$	76

Estimated pro forma revenues and net income

If the Oxid Acquisition were to have occurred on January 1, 2013, the following estimated pro forma revenues and net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions, except per share amounts):

	Pro Forma
	Year ended December 31, 2013 (Unaudited)
Revenues	$	11,142
Net income attributable to Huntsman Corporation		135
Income per share:
Basic	$	0.56
Diluted		0.56

Oxid | Huntsman International

Business Combinations

Estimated pro forma revenues and net income

	Pro Forma
	Year ended December 31, 2013 (Unaudited)
Revenues	$	11,142
Net income attributable to Huntsman International		133