Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENT INFORMATION (Tables)

OPERATING SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2012

Schedule of major products by reportable operating segment

Segment		Products

Polyurethanes		MDI, PO, polyols, PG, TPU, aniline and MTBE
Performance Products		amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses
Advanced Materials		epoxy resin compounds and formulations; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based adhesives and tooling resin formulations
Textile Effects		textile chemicals and dyes
Pigments		titanium dioxide

Schedule of revenues and EBITDA for each of entity's reportable operating segments

	Three months ended March 31,

	2012			2011
Revenues
Polyurethanes	$	1,220		$	1,047
Performance Products		807			804
Advanced Materials		340			350
Textile Effects		185			190
Pigments		424			364
Eliminations		(63	)		(76	)

Total	$	2,913		$	2,679

Huntsman Corporation
Segment EBITDA(1)
Polyurethanes	$	171		$	114
Performance Products		89			115
Advanced Materials		31			39
Textile Effects		(5	)		(11	)
Pigments		146			84
Corporate and other(2)		(41	)		(81	)

Subtotal		391			260
Discontinued Operations(3)		(1	)		(21	)

Total		390			239
Interest expense, net		(59	)		(59	)
Income tax expense—continuing operations		(60	)		(22	)
Income tax benefit—discontinued operations		1			7
Depreciation and amortization		(109	)		(103	)

Net income attributable to Huntsman Corporation	$	163		$	62

Huntsman International
Segment EBITDA(1)
Polyurethanes	$	171		$	114
Performance Products		89			115
Advanced Materials		31			39
Textile Effects		(5	)		(11	)
Pigments		146			84
Corporate and other(2)		(41	)		(80	)

Subtotal		391			261
Discontinued Operations(3)		(1	)		(21	)

Total		390			240
Interest expense, net		(61	)		(64	)
Income tax expense—continuing operations		(61	)		(22	)
Income tax benefit—discontinued operations		1			7
Depreciation and amortization		(103	)		(98	)

Net income attributable to Huntsman International	$	166		$	63

(1): Segment EBITDA is defined as net income attributable to Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, and certain Corporate and other items.

(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, non-operating income and expense and gains and losses on the disposition of corporate assets.
(3): The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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