| 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 (loss) income before reclassifications, gross
|
|
|
(18
|
)
|
|
—
|
|
|
(8
|
)
|
|
6
|
|
|
(20
|
)
|
|
—
|
|
|
(20
|
)
|
|
Tax benefit
|
|
|
7
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
7
|
|
|
—
|
|
|
7
|
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
40
|
|
|
—
|
|
|
—
|
|
|
40
|
|
|
—
|
|
|
40
|
|
|
Tax expense
|
|
|
—
|
|
|
(5
|
)
|
|
—
|
|
|
—
|
|
|
(5
|
)
|
|
—
|
|
|
(5
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(11
|
)
|
|
35
|
|
|
(8
|
)
|
|
6
|
|
|
22
|
|
|
—
|
|
|
22
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, September 30, 2016
|
|
$
|
(299
|
)
|
$
|
(1,021
|
)
|
$
|
3
|
|
$
|
23
|
|
$
|
(1,294
|
)
|
$
|
28
|
|
$
|
(1,266
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $83 and $90 as of September 30, 2016 and January 1, 2016, respectively.
|
|
(b)
|
Amounts are net of tax of $130 and $135 as of September 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
|
|
|
(219
|
)
|
|
(5
|
)
|
|
(1
|
)
|
|
4
|
|
|
(221
|
)
|
|
7
|
|
|
(214
|
)
|
|
Tax expense
|
|
|
(19
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(19
|
)
|
|
—
|
|
|
(19
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
52
|
|
|
—
|
|
|
—
|
|
|
52
|
|
|
—
|
|
|
52
|
|
|
Tax expense
|
|
|
—
|
|
|
(11
|
)
|
|
—
|
|
|
—
|
|
|
(11
|
)
|
|
—
|
|
|
(11
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(238
|
)
|
|
36
|
|
|
(1
|
)
|
|
4
|
|
|
(199
|
)
|
|
7
|
|
|
(192
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, September 30, 2015
|
|
$
|
(213
|
)
|
$
|
(1,086
|
)
|
$
|
9
|
|
$
|
15
|
|
$
|
(1,275
|
)
|
$
|
30
|
|
$
|
(1,245
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $66 and $47 as of September 30, 2015 and January 1, 2015, respectively.
|
|
(b)
|
Amounts are net of tax of $171 and $182 as of September 30, 2015 and January 1, 2015, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Three months ended
September 30, 2016
|
|
Nine months ended
September 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
|
)
|
$
|
(12
|
)
|
(b)
|
|
Actuarial loss
|
|
|
17
|
|
|
52
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13
|
|
|
40
|
|
Total before tax
|
|
|
|
|
(2
|
)
|
|
(5
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
11
|
|
$
|
35
|
|
Net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2015
|
|
Nine months ended September 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
|
|
$
|
(3
|
)
|
$
|
(7
|
)
|
(b)
|
|
Actuarial loss
|
|
|
20
|
|
|
59
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
Settlement loss
|
|
|
17
|
|
|
52
|
|
Total before tax
|
|
|
|
|
(3
|
)
|
|
(11
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
14
|
|
$
|
41
|
|
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 nil and $2 million of actuarial losses related to discontinued operations for each of the three months ended September 30, 2016 and 2015, respectively, and $2 million and $4 million of actuarial losses related to discontinued operations for each of the nine months ended September 30, 2016 and 2015, respectively.
|
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 (loss) income before reclassifications, gross
|
|
|
(18
|
)
|
|
—
|
|
|
(8
|
)
|
|
6
|
|
|
(20
|
)
|
|
—
|
|
|
(20
|
)
|
|
Tax benefit
|
|
|
7
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
7
|
|
|
—
|
|
|
7
|
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
46
|
|
|
—
|
|
|
—
|
|
|
46
|
|
|
—
|
|
|
46
|
|
|
Tax expense
|
|
|
—
|
|
|
(6
|
)
|
|
—
|
|
|
—
|
|
|
(6
|
)
|
|
—
|
|
|
(6
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(11
|
)
|
|
40
|
|
|
(8
|
)
|
|
6
|
|
|
27
|
|
|
—
|
|
|
27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, September 30, 2016
|
|
$
|
(303
|
)
|
$
|
(1,034
|
)
|
$
|
3
|
|
$
|
17
|
|
$
|
(1,317
|
)
|
$
|
28
|
|
$
|
(1,289
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $69 and $76 as of September 30, 2016 and January 1, 2016, respectively.
|
|
(b)
|
Amounts are net of tax of $157 and $163 as of September 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
|
|
|
(219
|
)
|
|
(5
|
)
|
|
(1
|
)
|
|
4
|
|
|
(221
|
)
|
|
7
|
|
|
(214
|
)
|
|
Tax expense
|
|
|
(19
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(19
|
)
|
|
—
|
|
|
(19
|
)
|
|
Amounts reclassified from accumulated other comprehensive loss, gross(c)
|
|
|
—
|
|
|
58
|
|
|
—
|
|
|
—
|
|
|
58
|
|
|
—
|
|
|
58
|
|
|
Tax expense
|
|
|
—
|
|
|
(12
|
)
|
|
—
|
|
|
—
|
|
|
(12
|
)
|
|
—
|
|
|
(12
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive (loss) income
|
|
|
(238
|
)
|
|
41
|
|
|
(1
|
)
|
|
4
|
|
|
(194
|
)
|
|
7
|
|
|
(187
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, September 30, 2015
|
|
$
|
(216
|
)
|
$
|
(1,106
|
)
|
$
|
9
|
|
$
|
9
|
|
$
|
(1,304
|
)
|
$
|
30
|
|
$
|
(1,274
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Amounts are net of tax of $53 and $34 as of September 30, 2015 and January 1, 2015, respectively.
|
|
(b)
|
Amounts are net of tax of $200 and $211 as of September 30, 2015 and January 1, 2015, respectively.
|
|
(c)
|
See table below for details about these reclassifications.
|
|
|
|
Three months ended
September 30, 2016
|
|
Nine months ended
September 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
|
)
|
$
|
(12
|
)
|
(b)
|
|
Actuarial loss
|
|
|
20
|
|
|
58
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16
|
|
|
46
|
|
Total before tax
|
|
|
|
|
(2
|
)
|
|
(6
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
14
|
|
$
|
40
|
|
Net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30, 2015
|
|
Nine months ended
September 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
|
|
$
|
(3
|
)
|
$
|
(7
|
)
|
(b)
|
|
Actuarial loss
|
|
|
22
|
|
|
65
|
|
(b)(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19
|
|
|
58
|
|
Total before tax
|
|
|
|
|
(4
|
)
|
|
(12
|
)
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
$
|
15
|
|
$
|
46
|
|
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 nil and $2 million of actuarial losses related to discontinued operations for each of the three months ended September 30, 2016 and 2015, respectively, and $2 million and $4 million of actuarial losses related to discontinued operations for each of the nine months ended September 30, 2016 and 2015, respectively.
|
|