| OTHER COMPREHENSIVE INCOME (LOSS) |
11. OTHER COMPREHENSIVE INCOME (LOSS)
The components of other comprehensive income (loss) and changes in accumulated other comprehensive loss by component were as follows (dollars in millions):
Huntsman Corporation
|
|
|
Foreign
currency
translation
adjustment(a)
|
|
Pension and
other
postretirement
benefits
adjustments(b)
|
|
Other
comprehensive
income of
unconsolidated
affiliates
|
|
Other, net
|
|
Total
|
|
Amounts
attributable to
noncontrolling
interests
|
|
Amounts
attributable to
Huntsman
Corporation
|
|
|
Beginning balance, January 1, 2016
|
|
$
|
(288
|
)
|
$
|
(1,056
|
)
|
$
|
11
|
|
$
|
17
|
|
$
|
(1,316
|
)
|
$
|
28
|
|
$
|
(1,288
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications, gross
|
|
|
17
|
|
|
—
|
|
|
(11
|
)
|
|
—
|
|
|
6
|
|
|
(2
|
)
|
|
4
|
|
|
Tax benefit
|
|
|
10
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
10
|
|
|
—
|
|
|
10
|
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
13
|
|
|
—
|
|
|
—
|
|
|
13
|
|
|
—
|
|
|
13
|
|
|
Tax benefit
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive income (loss)
|
|
|
27
|
|
|
13
|
|
|
(11
|
)
|
|
—
|
|
|
29
|
|
|
(2
|
)
|
|
27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, March 31, 2016
|
|
$
|
(261
|
)
|
$
|
(1,043
|
)
|
$
|
—
|
|
$
|
17
|
|
$
|
(1,287
|
)
|
$
|
26
|
|
$
|
(1,261
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $80 and $90 as of March 31, 2016 and January 1, 2016, respectively.
|
|
(b)
|
Amounts are net of tax of $135 as of both March 31, 2016 and January 1, 2016.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Foreign
currency
translation
adjustment(a)
|
|
Pension and
other
postretirement
benefits
adjustments(b)
|
|
Other
comprehensive
income of
unconsolidated
affiliates
|
|
Other, net
|
|
Total
|
|
Amounts
attributable to
noncontrolling
interests
|
|
Amounts
attributable to
Huntsman
Corporation
|
|
|
Beginning balance, January 1, 2015
|
|
$
|
25
|
|
$
|
(1,122
|
)
|
$
|
10
|
|
$
|
11
|
|
$
|
(1,076
|
)
|
$
|
23
|
|
$
|
(1,053
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassifications, gross
|
|
|
(155
|
)
|
|
—
|
|
|
(1
|
)
|
|
—
|
|
|
(156
|
)
|
|
7
|
|
|
(149
|
)
|
|
Tax expense
|
|
|
(27
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(27
|
)
|
|
—
|
|
|
(27
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
17
|
|
|
—
|
|
|
—
|
|
|
17
|
|
|
—
|
|
|
17
|
|
|
Tax expense
|
|
|
—
|
|
|
(4
|
)
|
|
—
|
|
|
—
|
|
|
(4
|
)
|
|
—
|
|
|
(4
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(182
|
)
|
|
13
|
|
|
(1
|
)
|
|
—
|
|
|
(170
|
)
|
|
7
|
|
|
(163
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, March 31, 2015
|
|
$
|
(157
|
)
|
$
|
(1,109
|
)
|
$
|
9
|
|
$
|
11
|
|
$
|
(1,246
|
)
|
$
|
30
|
|
$
|
(1,216
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $74 and $47 as of March 31, 2015 and January 1, 2015, respectively.
|
|
(b)
|
Amounts are net of tax of $178 and $182 as of March 31, 2015 and January 1, 2015, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Three months ended March 31,
|
|
|
|
|
|
2016
|
|
2015
|
|
|
|
Details about Accumulated Other
Comprehensive Loss Components(a):
|
|
Amount reclassified from
accumulated other
comprehensive loss
|
|
Amount reclassified from
accumulated other
comprehensive loss
|
|
Affected line item in the
statement where net income is
presented
|
|
Amortization of pension and other postretirement benefits:
|
|
|
|
|
|
|
|
|
|
Prior service credit
|
|
$
|
(4
|
)
|
$
|
(2
|
)
|
(b)
|
|
Actuarial loss
|
|
|
17
|
|
|
19
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13
|
|
|
17
|
|
Total before tax
|
|
|
|
|
—
|
|
|
(4
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
13
|
|
$
|
13
|
|
Net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations.
|
|
(b)
|
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 9. Employee Benefit Plans."
|
|
(c)
|
Amounts contain approximately $1 million of actuarial losses related to discontinued operations for both three months ended March 31, 2016 and 2015.
|
Huntsman International
|
|
|
Foreign
currency
translation
adjustment(a)
|
|
Pension and
other
postretirement
benefits
adjustments(b)
|
|
Other
comprehensive
income of
unconsolidated
affiliates
|
|
Other, net
|
|
Total
|
|
Amounts
attributable to
noncontrolling
interests
|
|
Amounts
attributable to
Huntsman
International
|
|
|
Beginning balance, January 1, 2016
|
|
$
|
(292
|
)
|
$
|
(1,074
|
)
|
$
|
11
|
|
$
|
11
|
|
$
|
(1,344
|
)
|
$
|
28
|
|
$
|
(1,316
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications, gross
|
|
|
18
|
|
|
—
|
|
|
(11
|
)
|
|
—
|
|
|
7
|
|
|
(2
|
)
|
|
5
|
|
|
Tax benefit
|
|
|
10
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
10
|
|
|
—
|
|
|
10
|
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
15
|
|
|
—
|
|
|
—
|
|
|
15
|
|
|
—
|
|
|
15
|
|
|
Tax benefit
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive income (loss)
|
|
|
28
|
|
|
15
|
|
|
(11
|
)
|
|
—
|
|
|
32
|
|
|
(2
|
)
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, March 31, 2016
|
|
$
|
(264
|
)
|
$
|
(1,059
|
)
|
$
|
—
|
|
$
|
11
|
|
$
|
(1,312
|
)
|
$
|
26
|
|
$
|
(1,286
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $66 and $76 as of March 31, 2016 and January 1, 2016, respectively.
|
|
(b)
|
Amounts are net of tax of $163 as of both March 31, 2016 and January 1, 2016.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Foreign
currency
translation
adjustment(a)
|
|
Pension and
other
postretirement
benefits
adjustments(b)
|
|
Other
comprehensive
income of
unconsolidated
affiliates
|
|
Other, net
|
|
Total
|
|
Amounts
attributable to
noncontrolling
interests
|
|
Amounts
attributable to
Huntsman
International
|
|
|
Beginning balance, January 1, 2015
|
|
$
|
22
|
|
$
|
(1,147
|
)
|
$
|
10
|
|
$
|
5
|
|
$
|
(1,110
|
)
|
$
|
23
|
|
$
|
(1,087
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassifications, gross
|
|
|
(155
|
)
|
|
—
|
|
|
(1
|
)
|
|
—
|
|
|
(156
|
)
|
|
7
|
|
|
(149
|
)
|
|
Tax expense
|
|
|
(27
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(27
|
)
|
|
—
|
|
|
(27
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
19
|
|
|
—
|
|
|
—
|
|
|
19
|
|
|
—
|
|
|
19
|
|
|
Tax expense
|
|
|
—
|
|
|
(4
|
)
|
|
—
|
|
|
—
|
|
|
(4
|
)
|
|
—
|
|
|
(4
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(182
|
)
|
|
15
|
|
|
(1
|
)
|
|
—
|
|
|
(168
|
)
|
|
7
|
|
|
(161
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, March 31, 2015
|
|
$
|
(160
|
)
|
$
|
(1,132
|
)
|
$
|
9
|
|
$
|
5
|
|
$
|
(1,278
|
)
|
$
|
30
|
|
$
|
(1,248
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $61 and $34 as of March 31, 2015 and January 1, 2015, respectively.
|
|
(b)
|
Amounts are net of tax of $207 and $211 as of March 31, 2015 and January 1, 2015, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Three months ended March 31,
|
|
|
|
|
|
2016
|
|
2015
|
|
|
|
Details about Accumulated Other
Comprehensive Loss Components(a):
|
|
Amount reclassified from
accumulated other
comprehensive loss
|
|
Amount reclassified from
accumulated other
comprehensive loss
|
|
Affected line item in the
statement where net
income is presented
|
|
Amortization of pension and other postretirement benefits:
|
|
|
|
|
|
|
|
|
|
Prior service credit
|
|
$
|
(4
|
)
|
$
|
(2
|
)
|
(b)
|
|
Actuarial loss
|
|
|
19
|
|
|
21
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15
|
|
|
19
|
|
Total before tax
|
|
|
|
|
—
|
|
|
(4
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
15
|
|
$
|
15
|
|
Net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations.
|
|
(b)
|
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 9. Employee Benefit Plans."
|
|
(c)
|
Amounts contain approximately $1 million of actuarial losses related to discontinued operations for both three months ended March 31, 2016 and 2015.
|
|