Three months
ended
June 30,

Six months
ended
June 30,

2016

2015

2016

2015

Revenues:

Polyurethanes

$

$

$

$

Performance Products

Advanced Materials

Textile Effects

Pigments and Additives

Corporate and eliminations

)

)

)

)

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Total

$

$

$

$

​

​

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​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

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​

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​

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​

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​  

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Segment adjusted EBITDA(1):

Huntsman Corporation:

Polyurethanes

$

$

$

$

Performance Products

Advanced Materials

Textile Effects

Pigments and Additives

Corporate and other(2)

)

)

)

)

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Total

Reconciliation of adjusted EBITDA to net income:

Interest expense, net

)

)

)

)

Income tax expense—continuing operations

)

)

)

)

Income tax benefit (expense)—discontinued operations

—

)

)

Depreciation and amortization

)

)

)

)

Net income attributable to noncontrolling interests

Other adjustments:

Acquisition and integration expenses and purchase accounting adjustments

)

)

)

)

EBITDA of discontinued operations

)

)

)

)

Loss on disposition of business/assets

—

)

—

)

Loss on early extinguishment of debt

)

)

)

)

Certain legal settlements and related expenses

—

)

)

)

Amortization of pension and postretirement actuarial losses              

)

)

)

)

Net plant incident remediation credits

—

—

Restructuring, impairment and plant closing and transition costs

)

)

)

)

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Net income

$

$

$

$

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

(1)          

Beginning in the second quarter of 2016, we used segment adjusted EBITDA as the measure of each segment's profit or loss. We believe that adjusted EBITDA more accurately reflects what management uses to make decisions about resources to be allocated to the segments and assess their financial performance. We have restated the measure of each segment's profit or loss in the prior periods disclosed to reflect adjusted EBITDA. 

Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) acquisition and integration expenses and purchase accounting adjustments; (b) EBITDA from discontinued operations; (c) loss on disposition of businesses/assets; (d) loss on early extinguishment of debt; (e) certain legal settlements and related expenses; (f) amortization of pension and postretirement actuarial losses; (g) net plant incident remediation credits; and (h) restructuring, impairment, plant closing and transition costs.

(2)          

Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets.