Three months

Nine months

ended

ended

September 30, 

September 30, 

2018

2017

2018

2017

Revenues:

Polyurethanes

$

1,355

$

1,197

$

3,890

$

3,172

Performance Products

599

501

1,795

1,595

Advanced Materials

279

263

850

782

Textile Effects

204

193

631

586

Corporate and eliminations

 7

15

(23)

20

Total

$

2,444

$

2,169

$

7,143

$

6,155

Huntsman Corporation:

Segment adjusted EBITDA(1):

Polyurethanes

$

247

$

245

$

777

$

556

Performance Products

93

63

289

249

Advanced Materials

56

56

177

166

Textile Effects

25

19

80

64

Corporate and other(2)

(47)

(43)

(129)

(136)

Total

374

340

1,194

899

Reconciliation of adjusted EBITDA to net income:

Interest expense—continuing operations

(30)

(39)

(86)

(134)

Interest expense—discontinued operations

(10)

(8)

(30)

(8)

Income tax expense—continuing operations

(27)

(35)

(84)

(78)

Income tax benefit (expense)—discontinued operations

52

(17)

(52)

(41)

Depreciation and amortization—continuing operations

(85)

(80)

(250)

(235)

Depreciation and amortization—discontinued operations

 —

(9)

 —

(68)

Net income attributable to noncontrolling interests

 3

32

288

64

Other adjustments:

Acquisition and integration expenses and purchase accounting adjustments

(2)

(10)

(10)

(17)

Merger costs

(1)

(12)

(2)

(18)

EBITDA from discontinued operations

(279)

97

293

218

Noncontrolling interest of discontinued operations

21

(12)

(222)

(18)

Loss on early extinguishment of debt

 —

(35)

(3)

(36)

Certain legal and other settlements and related expenses

(1)

 —

(9)

(1)

Gain on sale of businesses/assets

 —

 —

 —

 8

Amortization of pension and postretirement actuarial losses

(18)

(19)

(53)

(55)

Plant incident remediation costs

 —

(13)

 —

(13)

Restructuring, impairment and plant closing and transition costs

(5)

(1)

(9)

(13)

Net (loss) income

$

(8)

$

179

$

965

$

454

(1)

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) merger costs; (c) EBITDA from discontinued operations; (d) noncontrolling interest of discontinued operations; (e) loss on early extinguishment of debt; (f) certain legal and other settlements and related expenses; (g) gain on sale of businesses/assets; (h) amortization of pension and postretirement actuarial losses; (i) plant incident remediation costs; (j) restructuring, impairment and plant closing and transition costs; and (k) U.S. Tax Reform Act impact on noncontrolling interest.

(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.