Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.10.0.1
DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2018
DISCONTINUED OPERATIONS  
Summary of major classes of items held for sale and discontinued operations

 

 

 

 

 

Carrying amounts of major classes of assets held for sale:

 

 

 

Accounts receivable

 

$

380

Inventories

 

 

454

Other current assets

 

 

318

Property, plant and equipment, net

 

 

1,424

Deferred income taxes

 

 

158

Other noncurrent assets

 

 

146

Total assets held for sale

 

$

2,880

Carrying amounts of major classes of liabilities held for sale:

 

 

 

Accounts payable

 

$

385

Accrued liabilities

 

 

236

Other current liabilities

 

 

25

Long-term debt

 

 

746

Other noncurrent liabilities

 

 

300

Total liabilities held for sale

 

$

1,692

 

The following table summarizes major classes of line items constituting pretax and after-tax income of discontinued operations.

 

Huntsman Corporation

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

2018(1)

    

2017

 

2016

Major classes of line items constituting pretax income of discontinued operations:

 

 

 

 

 

 

 

 

Trade sales, services and fees, net

$

2,148

 

$

2,234

 

$

2,168

Cost of goods sold

 

1,333

 

 

1,840

 

 

2,012

Other expense items, net that are not major

 

279

 

 

169

 

 

188

Income (loss) from discontinued operations before income taxes

 

536

 

 

225

 

 

(32)

Income tax (expense) benefit

 

(34)

 

 

(67)

 

 

24

Loss on disposal

 

(427)

 

 

 —

 

 

 —

Valuation allowance

 

(270)

 

 

 —

 

 

 —

(Loss) income from discontinued operations, net of tax

 

(195)

 

 

158

 

 

(8)

Net income attributable to noncontrolling interests

 

(6)

 

 

(10)

 

 

(10)

Net (loss) income attributable to discontinued operations

$

(201)

 

$

148

 

$

(18)

 

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES  
DISCONTINUED OPERATIONS  
Summary of major classes of items held for sale and discontinued operations

Huntsman International

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

2018(1)

    

2017

 

2016

Major classes of line items constituting pretax income of discontinued operations:

 

 

 

 

 

 

 

 

Trade sales, services and fees, net

$

2,148

 

$

2,234

 

$

2,168

Cost of goods sold

 

1,333

 

 

1,843

 

 

2,017

Other expense items, net that are not major

 

279

 

 

169

 

 

188

Income (loss) from discontinued operations before income taxes

 

536

 

 

222

 

 

(37)

Income tax (expense) benefit

 

(34)

 

 

(67)

 

 

24

Loss on disposal

 

(427)

 

 

 —

 

 

 —

Valuation allowance

 

(270)

 

 

 —

 

 

 —

(Loss) income from discontinued operations, net of tax

 

(195)

 

 

155

 

 

(13)

Net income attributable to noncontrolling interests

 

(6)

 

 

(10)

 

 

(10)

Net (loss) income attributable to discontinued operations

$

(201)

 

$

145

 

$

(23)