| OTHER COMPREHENSIVE (LOSS) INCOME |
11. OTHER COMPREHENSIVE (LOSS) INCOME
The components of other comprehensive (loss) income 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 (loss) income before reclassifications, gross
|
|
|
(30
|
)
|
|
—
|
|
|
(8
|
)
|
|
2
|
|
|
(36
|
)
|
|
—
|
|
|
(36
|
)
|
|
Tax benefit
|
|
|
4
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4
|
|
|
—
|
|
|
4
|
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
27
|
|
|
—
|
|
|
—
|
|
|
27
|
|
|
—
|
|
|
27
|
|
|
Tax expense
|
|
|
—
|
|
|
(3
|
)
|
|
—
|
|
|
—
|
|
|
(3
|
)
|
|
—
|
|
|
(3
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(26
|
)
|
|
24
|
|
|
(8
|
)
|
|
2
|
|
|
(8
|
)
|
|
—
|
|
|
(8
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, June 30, 2016
|
|
$
|
(314
|
)
|
$
|
(1,032
|
)
|
$
|
3
|
|
$
|
19
|
|
$
|
(1,324
|
)
|
$
|
28
|
|
$
|
(1,296
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $86 and $90 as of June 30, 2016 and January 1, 2016, respectively.
|
|
(b)
|
Amounts are net of tax of $132 and $135 as of June 30, 2016 and January 1, 2016, respectively.
|
|
(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
|
|
|
(123
|
)
|
|
(5
|
)
|
|
9
|
|
|
—
|
|
|
(119
|
)
|
|
5
|
|
|
(114
|
)
|
|
Tax expense
|
|
|
(19
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(19
|
)
|
|
—
|
|
|
(19
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
35
|
|
|
—
|
|
|
—
|
|
|
35
|
|
|
—
|
|
|
35
|
|
|
Tax expense
|
|
|
—
|
|
|
(8
|
)
|
|
—
|
|
|
—
|
|
|
(8
|
)
|
|
—
|
|
|
(8
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(142
|
)
|
|
22
|
|
|
9
|
|
|
—
|
|
|
(111
|
)
|
|
5
|
|
|
(106
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, June 30, 2015
|
|
$
|
(117
|
)
|
$
|
(1,100
|
)
|
$
|
19
|
|
$
|
11
|
|
$
|
(1,187
|
)
|
$
|
28
|
|
$
|
(1,159
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $66 and $47 as of June 30, 2015 and January 1, 2015, respectively.
|
|
(b)
|
Amounts are net of tax of $175 and $182 as of June 30, 2015 and January 1, 2015, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Three months ended
June 30, 2016
|
|
Six months ended
June 30, 2016
|
|
|
|
|
|
Affected line item
in the statement
where net income
is presented
|
|
Details about Accumulated Other Comprehensive Loss Components(a):
|
|
Amounts reclassified
from accumulated other
comprehensive loss
|
|
Amounts reclassified
from accumulated other
comprehensive loss
|
|
Amortization of pension and other postretirement benefits:
|
|
|
|
|
|
|
|
|
|
Prior service credit
|
|
$
|
(4
|
)
|
$
|
(8
|
)
|
(b)
|
|
Actuarial loss
|
|
|
16
|
|
|
35
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12
|
|
|
27
|
|
Total before tax
|
|
|
|
|
(3
|
)
|
|
(3
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
9
|
|
$
|
24
|
|
Net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
June 30, 2015
|
|
Six months ended
June 30, 2015
|
|
|
|
|
|
Affected line item
in the statement
where net income
is presented
|
|
Details about Accumulated Other Comprehensive Loss Components(a):
|
|
Amounts reclassified
from accumulated other
comprehensive loss
|
|
Amounts reclassified
from accumulated other
comprehensive loss
|
|
Amortization of pension and other postretirement benefits:
|
|
|
|
|
|
|
|
|
|
Prior service credit
|
|
$
|
(2
|
)
|
$
|
(4
|
)
|
(b)
|
|
Actuarial loss
|
|
|
20
|
|
|
39
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
Settlement loss
|
|
|
18
|
|
|
35
|
|
Total before tax
|
|
|
|
|
(4
|
)
|
|
(8
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
14
|
|
$
|
27
|
|
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 each of the three months ended June 30, 2016 and 2015 and $2 million of actuarial losses related to discontinued operations for each of the six months ended June 30, 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
|
|
|
(30
|
)
|
|
—
|
|
|
(8
|
)
|
|
3
|
|
|
(35
|
)
|
|
—
|
|
|
(35
|
)
|
|
Tax benefit
|
|
|
4
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4
|
|
|
—
|
|
|
4
|
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
30
|
|
|
—
|
|
|
—
|
|
|
30
|
|
|
—
|
|
|
30
|
|
|
Tax expense
|
|
|
—
|
|
|
(4
|
)
|
|
—
|
|
|
—
|
|
|
(4
|
)
|
|
—
|
|
|
(4
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive income (loss)
|
|
|
(26
|
)
|
|
26
|
|
|
(8
|
)
|
|
3
|
|
|
(5
|
)
|
|
—
|
|
|
(5
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, June 30, 2016
|
|
$
|
(318
|
)
|
$
|
(1,048
|
)
|
$
|
3
|
|
$
|
14
|
|
$
|
(1,349
|
)
|
$
|
28
|
|
$
|
(1,321
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $72 and $76 as of June 30, 2016 and January 1, 2016, respectively.
|
|
(b)
|
Amounts are net of tax of $159 and $163 as of June 30, 2016 and January 1, 2016, respectively.
|
|
(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
|
|
|
(124
|
)
|
|
(5
|
)
|
|
9
|
|
|
—
|
|
|
(120
|
)
|
|
5
|
|
|
(115
|
)
|
|
Tax expense
|
|
|
(19
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(19
|
)
|
|
—
|
|
|
(19
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
39
|
|
|
—
|
|
|
—
|
|
|
39
|
|
|
—
|
|
|
39
|
|
|
Tax expense
|
|
|
—
|
|
|
(8
|
)
|
|
—
|
|
|
—
|
|
|
(8
|
)
|
|
—
|
|
|
(8
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(143
|
)
|
|
26
|
|
|
9
|
|
|
—
|
|
|
(108
|
)
|
|
5
|
|
|
(103
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, June 30, 2015
|
|
$
|
(121
|
)
|
$
|
(1,121
|
)
|
$
|
19
|
|
$
|
5
|
|
$
|
(1,218
|
)
|
$
|
28
|
|
$
|
(1,190
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $53 and $34 as of June 30, 2015 and January 1, 2015, respectively.
|
|
(b)
|
Amounts are net of tax of $204 and $211 as of June 30, 2015 and January 1, 2015, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Three months ended
June 30, 2016
|
|
Six months ended
June 30, 2016
|
|
|
|
|
|
Affected line item
in the statement
where net income
is presented
|
|
Details about Accumulated Other Comprehensive Loss Components(a):
|
|
Amounts reclassified
from accumulated other
comprehensive loss
|
|
Amounts reclassified
from accumulated other
comprehensive loss
|
|
Amortization of pension and other postretirement benefits:
|
|
|
|
|
|
|
|
|
|
Prior service credit
|
|
$
|
(4
|
)
|
$
|
(8
|
)
|
(b)
|
|
Actuarial loss
|
|
|
19
|
|
|
38
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15
|
|
|
30
|
|
Total before tax
|
|
|
|
|
(4
|
)
|
|
(4
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
11
|
|
$
|
26
|
|
Net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
June 30, 2015
|
|
Six months ended
June 30, 2015
|
|
|
|
|
|
Affected line item
in the statement
where net income
is presented
|
|
Details about Accumulated Other Comprehensive Loss Components(a):
|
|
Amounts reclassified
from accumulated other
comprehensive loss
|
|
Amounts reclassified
from accumulated other
comprehensive loss
|
|
Amortization of pension and other postretirement benefits:
|
|
|
|
|
|
|
|
|
|
Prior service credit
|
|
$
|
(2
|
)
|
$
|
(4
|
)
|
(b)
|
|
Actuarial loss
|
|
|
22
|
|
|
43
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20
|
|
|
39
|
|
Total before tax
|
|
|
|
|
(4
|
)
|
|
(8
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
16
|
|
$
|
31
|
|
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 each of the three months ended June 30, 2016 and 2015 and $2 million of actuarial losses related to discontinued operations for each of the six months ended June 30, 2016 and 2015.
|
|