Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Trade sales, services and fees, net $ 8,208 $ 7,387 $ 8,008
Related party sales 150 131 131
Total revenues 8,358 7,518 8,139
Cost of goods sold 6,546 5,992 6,405
Gross profit 1,812 1,526 1,734
Operating expenses:      
Selling, general and administrative 798 768 791
Research and development 138 137 143
Restructuring, impairment and plant closing costs 20 47 83
Merger costs 28    
Other operating expense (income), net (23) (101)  
Total operating expenses 961 851 1,017
Operating income 851 675 717
Interest expense (165) (203) (205)
Equity in income of investment in unconsolidated affiliates 13 5 6
Loss on early extinguishment of debt (54) (3) (31)
Other income, net 2   1
Income from continuing operations before income taxes 647 474 488
Income tax expense-continuing operations (64) (109) (60)
Income from continuing operations 583 365 428
Income (loss) from discontinued operations, net of tax 158 (8) (302)
Net income 741 357 126
Net income attributable to noncontrolling interests (105) (31) (33)
Net income attributable to Huntsman Corporation or Huntsman International LLC $ 636 $ 326 $ 93
Basic income (loss) per share:      
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 2.01 $ 1.41 $ 1.63
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax x (in dollars per share) 0.66 (0.03) (1.25)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 2.67 $ 1.38 $ 0.38
Weighted average shares (in shares) 238.4 236.3 242.8
Diluted income (loss) per share:      
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.96 $ 1.39 $ 1.61
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax 0.65 (0.03) (1.23)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 2.61 $ 1.36 $ 0.38
Weighted average shares (in shares) 243.9 239.6 245.4
Amounts attributable to Huntsman Corporation common stockholders:      
Income from continuing operations $ 478 $ 334 $ 395
Income (loss) from discontinued operations, net of tax 158 (8) (302)
Net income attributable to Huntsman Corporation or Huntsman International LLC $ 636 $ 326 $ 93
Dividends per share (in dollars per share) $ 0.50 $ 0.50 $ 0.50
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES      
Revenues:      
Trade sales, services and fees, net $ 8,208 $ 7,387 $ 8,008
Related party sales 150 131 131
Total revenues 8,358 7,518 8,139
Cost of goods sold 6,543 5,988 6,401
Gross profit 1,815 1,530 1,738
Operating expenses:      
Selling, general and administrative 793 764 786
Research and development 138 137 143
Restructuring, impairment and plant closing costs 20 47 83
Merger costs 28    
Other operating expense (income), net (23) (101) 1
Total operating expenses 956 847 1,013
Operating income 859 683 725
Interest expense (181) (215) (214)
Equity in income of investment in unconsolidated affiliates 13 5 6
Loss on early extinguishment of debt (54) (3) (31)
Other income, net 3 5 7
Income from continuing operations before income taxes 640 475 493
Income tax expense-continuing operations (61) (108) (59)
Income from continuing operations 579 367 434
Income (loss) from discontinued operations, net of tax 155 (13) (307)
Net income 734 354 127
Net income attributable to noncontrolling interests (105) (31) (33)
Net income attributable to Huntsman Corporation or Huntsman International LLC 629 323 94
Amounts attributable to Huntsman Corporation common stockholders:      
Net income attributable to Huntsman Corporation or Huntsman International LLC $ 629 $ 323 $ 94