Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Trade sales, services and fees, net $ 2,428 $ 2,321
Related party sales 41 34
Total revenues 2,469 2,355
Cost of goods sold 2,003 1,939
Gross profit 466 416
Operating expenses:    
Selling, general and administrative 228 223
Research and development 37 37
Restructuring, impairment and plant closing costs 36 13
Business separation expenses 9 0
Other operating (income) expense, net (6) 5
Total expenses 304 278
Operating income 162 138
Interest expense (48) (50)
Equity in income of investment in unconsolidated affiliates   1
Other income 2 1
Income from continuing operations before income taxes 116 90
Income tax expense (23) (27)
Income from continuing operations 93 63
Loss from discontinued operations, net of tax (1) (1)
Net income 92 62
Net income attributable to noncontrolling interests (16) (6)
Net income attributable to Huntsman Corporation or Huntsman International LLC $ 76 $ 56
Basic income (loss) per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.32 $ 0.24
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.32 $ 0.24
Weighted average shares (in shares) 237.4 236.1
Diluted income (loss) per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.31 $ 0.24
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.31 $ 0.24
Weighted average shares (in shares) 242.5 237.9
Amounts attributable to Huntsman Corporation common stockholders:    
Income from continuing operations $ 77 $ 57
Loss from discontinued operations, net of tax $ (1) $ (1)
Dividends per share (in dollars per share) $ 0.125 $ 0.125
Huntsman International    
Revenues:    
Trade sales, services and fees, net $ 2,428 $ 2,321
Related party sales 41 34
Total revenues 2,469 2,355
Cost of goods sold 2,002 1,938
Gross profit 467 417
Operating expenses:    
Selling, general and administrative 226 221
Research and development 37 37
Restructuring, impairment and plant closing costs 36 13
Business separation expenses 9  
Other operating (income) expense, net (5) 5
Total expenses 303 276
Operating income 164 141
Interest expense (51) (53)
Equity in income of investment in unconsolidated affiliates   1
Other income 2 1
Income from continuing operations before income taxes 115 90
Income tax expense (23) (27)
Income from continuing operations 92 63
Loss from discontinued operations, net of tax (1) (1)
Net income 91 62
Net income attributable to noncontrolling interests (16) (6)
Net income attributable to Huntsman Corporation or Huntsman International LLC $ 75 $ 56