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

Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION-HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Details 2)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION-HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Details 2) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Trade sales, services and fees, net									$ 11,317us-gaap_SalesRevenueNet	$ 10,847us-gaap_SalesRevenueNet	$ 10,964us-gaap_SalesRevenueNet
Related party sales									261us-gaap_RevenueFromRelatedParties	232us-gaap_RevenueFromRelatedParties	223us-gaap_RevenueFromRelatedParties
Total revenues	2,951us-gaap_Revenues	2,884us-gaap_Revenues	2,988us-gaap_Revenues	2,755us-gaap_Revenues	2,705us-gaap_Revenues	2,842us-gaap_Revenues	2,830us-gaap_Revenues	2,702us-gaap_Revenues	11,578us-gaap_Revenues	11,079us-gaap_Revenues	11,187us-gaap_Revenues
Cost of goods sold									9,659us-gaap_CostOfGoodsSold	9,326us-gaap_CostOfGoodsSold	9,153us-gaap_CostOfGoodsSold
Gross profit	449us-gaap_GrossProfit	515us-gaap_GrossProfit	505us-gaap_GrossProfit	450us-gaap_GrossProfit	446us-gaap_GrossProfit	507us-gaap_GrossProfit	451us-gaap_GrossProfit	349us-gaap_GrossProfit	1,919us-gaap_GrossProfit	1,753us-gaap_GrossProfit	2,034us-gaap_GrossProfit
Selling, general and administrative									974	942	951
Research and development									158us-gaap_ResearchAndDevelopmentExpense	140us-gaap_ResearchAndDevelopmentExpense	152us-gaap_ResearchAndDevelopmentExpense
Other operating expense (income)									(4)us-gaap_OtherOperatingIncomeExpenseNet	10us-gaap_OtherOperatingIncomeExpenseNet	(6)us-gaap_OtherOperatingIncomeExpenseNet
Restructuring, impairment and plant closing costs	67	39	13	39	41	37	29	44	158	151	92
Operating income									633us-gaap_OperatingIncomeLoss	510us-gaap_OperatingIncomeLoss	845us-gaap_OperatingIncomeLoss
Interest (expense) income, net									(205)us-gaap_InterestIncomeExpenseNet	(190)us-gaap_InterestIncomeExpenseNet	(226)us-gaap_InterestIncomeExpenseNet
Equity in income (loss) of investment in affiliates and subsidiaries									6	8	7
Loss on early extinguishment of debt									(28)	(51)	(80)
Other income (loss)									(2)us-gaap_OtherNonoperatingIncomeExpense	2us-gaap_OtherNonoperatingIncomeExpense	1us-gaap_OtherNonoperatingIncomeExpense
Income from continuing operations before income taxes									404	279	547
Income tax benefit (expense)									(51)us-gaap_IncomeTaxExpenseBenefit	(125)us-gaap_IncomeTaxExpenseBenefit	(169)us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations	(34)	194	124	69	43	72	54	(15)	353	154	378
Income (loss) from discontinued operations, net of tax									(8)	(5)	(7)
Income before extraordinary gain									345	149	371
Extraordinary gain on the acquisition of a business, net of tax of nil											2
Net income	(35)us-gaap_ProfitLoss	194us-gaap_ProfitLoss	124us-gaap_ProfitLoss	62us-gaap_ProfitLoss	42us-gaap_ProfitLoss	70us-gaap_ProfitLoss	54us-gaap_ProfitLoss	(17)us-gaap_ProfitLoss	345us-gaap_ProfitLoss	149us-gaap_ProfitLoss	373us-gaap_ProfitLoss
Net income attributable to noncontrolling interests									(22)	(21)	(10)
Net income attributable to Huntsman Corporation or Huntsman International LLC	(38)us-gaap_NetIncomeLoss	188us-gaap_NetIncomeLoss	119us-gaap_NetIncomeLoss	54us-gaap_NetIncomeLoss	41us-gaap_NetIncomeLoss	64us-gaap_NetIncomeLoss	47us-gaap_NetIncomeLoss	(24)us-gaap_NetIncomeLoss	323us-gaap_NetIncomeLoss	128us-gaap_NetIncomeLoss	363us-gaap_NetIncomeLoss
Other comprehensive income (loss)									(491)	172	(186)
Comprehensive income attributable to noncontrolling interests									(7)	(26)	(9)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC									(153)us-gaap_ComprehensiveIncomeNetOfTax	295us-gaap_ComprehensiveIncomeNetOfTax	178us-gaap_ComprehensiveIncomeNetOfTax
Huntsman International
Revenues:
Trade sales, services and fees, net									11,317	10,847	10,964
Related party sales									261	232	223
Total revenues	2,951	2,844	2,988	2,755	2,705	2,842	2,830	2,702	11,578	11,079	11,187
Cost of goods sold									9,651	9,309	9,146
Gross profit	450	516	506	455	450	511	456	353	1,927	1,770	2,041
Selling, general and administrative									969	936	934
Research and development									158	140	152
Other operating expense (income)									(4)	10	(6)
Restructuring, impairment and plant closing costs	67	39	13	39	41	37	29	44	158	151	92
Operating income									646	533	869
Interest (expense) income, net									(214)	(203)	(238)
Equity in income (loss) of investment in affiliates and subsidiaries									6	8	7
Loss on early extinguishment of debt									(28)	(51)	(80)
Other income (loss)									(1)	2	1
Income from continuing operations before income taxes									409	289	559
Income tax benefit (expense)									(43)	(137)	(179)
Income from continuing operations	(35)	204	125	72	34	76	56	(14)	366	152	380
Income (loss) from discontinued operations, net of tax									(9)	(5)	(7)
Income before extraordinary gain									357	147	373
Extraordinary gain on the acquisition of a business, net of tax of nil											2
Net income	(37)	204	125	65	33	74	56	(16)	357	147	375
Net income attributable to noncontrolling interests									(22)	(21)	(10)
Net income attributable to Huntsman Corporation or Huntsman International LLC	(40)	198	120	57	32	68	49	(23)	335	126	365
Other comprehensive income (loss)									(484)	178	(181)
Comprehensive income attributable to noncontrolling interests									(7)	(26)	(9)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC									(134)	299	185
Reportable legal entities \| Huntsman International \| Parent Company
Revenues:
Trade sales, services and fees, net									1,194	1,039	932
Related party sales									299	315	745
Total revenues									1,493	1,354	1,677
Cost of goods sold									1,222	1,097	1,424
Gross profit									271	257	253
Selling, general and administrative									164	168	191
Research and development									48	51	47
Other operating expense (income)									(7)	(6)	(5)
Restructuring, impairment and plant closing costs									7	13	4
Operating income									59	31	16
Interest (expense) income, net									(204)	(185)	(207)
Equity in income (loss) of investment in affiliates and subsidiaries									186	118	503
Loss on early extinguishment of debt									(28)	(51)	(80)
Other income (loss)									3	2	(12)
Income from continuing operations before income taxes									16	(85)	220
Income tax benefit (expense)									318	210	141
Income from continuing operations									334	125	361
Income (loss) from discontinued operations, net of tax									1	1	4
Income before extraordinary gain											365
Net income									335	126	365
Net income attributable to Huntsman Corporation or Huntsman International LLC									335	126	365
Other comprehensive income (loss)									(469)	173	(180)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC									(134)	299	185
Reportable legal entities \| Huntsman International \| Guarantors
Revenues:
Trade sales, services and fees, net									3,164	3,193	3,443
Related party sales									511	470	447
Total revenues									3,675	3,663	3,890
Cost of goods sold									2,909	2,904	3,003
Gross profit									766	759	887
Selling, general and administrative									163	131	120
Research and development									40	38	36
Other operating expense (income)									(8)	(10)	2
Restructuring, impairment and plant closing costs									5	15	7
Operating income									566	585	722
Interest (expense) income, net									37	43	42
Equity in income (loss) of investment in affiliates and subsidiaries									(51)	(134)	40
Other income (loss)									(5)		14
Income from continuing operations before income taxes									547	494	818
Income tax benefit (expense)									(202)	(200)	(243)
Income from continuing operations									345	294	575
Income (loss) from discontinued operations, net of tax										(1)	1
Income before extraordinary gain											576
Net income									345	293	576
Net income attributable to Huntsman Corporation or Huntsman International LLC									345	293	576
Other comprehensive income (loss)									115	34	(250)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC									460	327	326
Reportable legal entities \| Huntsman International \| Nonguarantors
Revenues:
Trade sales, services and fees, net									6,959	6,615	6,589
Related party sales									1,377	1,277	1,161
Total revenues									8,336	7,892	7,750
Cost of goods sold									7,451	7,137	6,849
Gross profit									885	755	901
Selling, general and administrative									642	637	623
Research and development									70	51	69
Other operating expense (income)									11	26	(3)
Restructuring, impairment and plant closing costs									146	123	81
Operating income									16	(82)	131
Interest (expense) income, net									(47)	(61)	(73)
Equity in income (loss) of investment in affiliates and subsidiaries									6	8	9
Other income (loss)									3	2	(1)
Income from continuing operations before income taxes									(22)	(133)	66
Income tax benefit (expense)									(2)	26	1
Income from continuing operations									(24)	(107)	67
Income (loss) from discontinued operations, net of tax									(10)	(5)	(12)
Income before extraordinary gain											55
Extraordinary gain on the acquisition of a business, net of tax of nil											2
Net income									(34)	(112)	57
Net income attributable to noncontrolling interests									(18)	(22)	(16)
Net income attributable to Huntsman Corporation or Huntsman International LLC									(52)	(134)	41
Other comprehensive income (loss)									(440)	48	(148)
Comprehensive income attributable to noncontrolling interests									(8)	(23)	(16)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC									(482)	(87)	(107)
Eliminations \| Huntsman International
Revenues:
Related party sales									(1,926)	(1,830)	(2,130)
Total revenues									(1,926)	(1,830)	(2,130)
Cost of goods sold									(1,931)	(1,829)	(2,130)
Gross profit									5	(1)
Operating income									5	(1)
Equity in income (loss) of investment in affiliates and subsidiaries									(135)	16	(545)
Other income (loss)									(2)	(2)
Income from continuing operations before income taxes									(132)	13	(545)
Income tax benefit (expense)									(157)	(173)	(78)
Income from continuing operations									(289)	(160)	(623)
Income before extraordinary gain											(623)
Net income									(289)	(160)	(623)
Net income attributable to noncontrolling interests									(4)	1	6
Net income attributable to Huntsman Corporation or Huntsman International LLC									(293)	(159)	(617)
Other comprehensive income (loss)									310	(77)	397
Comprehensive income attributable to noncontrolling interests									1	(3)	7
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC									$ 22	$ (240)	$ (219)