Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Trade sales, services and fees, net $ 2,321 $ 2,560
Related party sales 34 29
Total revenues 2,355 2,589
Cost of goods sold 1,939 2,139
Gross profit 416 450
Operating expenses:    
Selling, general and administrative 223 246
Research and development 37 42
Other operating expense (income) 5 (8)
Restructuring, impairment and plant closing costs 13 93
Total expenses 278 373
Operating income 138 77
Interest expense (50) (56)
Equity in income of investment in unconsolidated affiliates 1 2
Loss on early extinguishment of debt   (3)
Other income (loss) 1 (1)
Income from continuing operations before income taxes 90 19
Income tax expense (27) (2)
Income from continuing operations 63 17
Loss from discontinued operations, net of tax (1) (2)
Net income 62 15
Net income attributable to noncontrolling interests (6) (10)
Net income $ 56 $ 5
Basic income (loss) per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.24 $ 0.03
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)   (0.01)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.24 $ 0.02
Weighted average shares (in shares) 236.1 243.9
Diluted income (loss) per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.24 $ 0.03
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)   (0.01)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.24 $ 0.02
Weighted average shares (in shares) 237.9 247.2
Amounts attributable to Huntsman Corporation common stockholders:    
Income from continuing operations $ 57 $ 7
Loss from discontinued operations, net of tax (1) (2)
Net income $ 56 $ 5
Dividends per share (in dollars per share) $ 0.125 $ 0.125
Huntsman International    
Revenues:    
Trade sales, services and fees, net $ 2,321 $ 2,560
Related party sales 34 29
Total revenues 2,355 2,589
Cost of goods sold 1,938 2,137
Gross profit 417 452
Operating expenses:    
Selling, general and administrative 221 244
Research and development 37 42
Other operating expense (income) 5 (7)
Restructuring, impairment and plant closing costs 13 93
Total expenses 276 372
Operating income 141 80
Interest expense (53) (58)
Equity in income of investment in unconsolidated affiliates 1 2
Loss on early extinguishment of debt   (3)
Other income (loss) 1 (1)
Income from continuing operations before income taxes 90 20
Income tax expense (27) (3)
Income from continuing operations 63 17
Loss from discontinued operations, net of tax (1) (2)
Net income 62 15
Net income attributable to noncontrolling interests (6) (10)
Net income 56 5
Amounts attributable to Huntsman Corporation common stockholders:    
Net income $ 56 $ 5