Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Total revenues $ 2,034 $ 2,295
Cost of goods sold 1,637 1,755
Gross profit 397 540
Operating expenses:    
Selling, general and administrative 216 192
Research and development 37 38
Restructuring, impairment and plant closing costs 1 2
Other operating (income) expense, net (2) 12
Total operating expenses 252 244
Operating income 145 296
Interest expense (30) (27)
Equity in income of investment in unconsolidated affiliates 10 13
Fair value adjustments to Venator investment 76  
Loss on early extinguishment of debt (23)  
Other income, net 4 7
Income from continuing operations before income taxes 182 289
Income tax expense (52) (53)
Income from continuing operations 130 236
Income from discontinued operations, net of tax 1 114
Net income 131 350
Net income attributable to noncontrolling interests (12) (76)
Net income attributable to Huntsman Corporation or Huntsman International LLC $ 119 $ 274
Basic income per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.51 $ 0.66
Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax   0.48
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.51 $ 1.14
Weighted average shares (in shares) 233.1 240.8
Diluted income per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.51 $ 0.65
Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax   0.46
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.51 $ 1.11
Weighted average shares (in shares) 235.1 245.9
Amounts attributable to Huntsman Corporation common stockholders:    
Income from continuing operations $ 118 $ 160
Income from discontinued operations, net of tax 1 114
Net income attributable to Huntsman Corporation or Huntsman International LLC 119 274
Third Party Customers    
Revenues:    
Total revenues 2,004 2,255
Related Party Customers    
Revenues:    
Total revenues 30 40
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Revenues:    
Total revenues 2,034 2,295
Cost of goods sold 1,637 1,754
Gross profit 397 541
Operating expenses:    
Selling, general and administrative 214 191
Research and development 37 38
Restructuring, impairment and plant closing costs 1 2
Other operating (income) expense, net (2) 12
Total operating expenses 250 243
Operating income 147 298
Interest expense (35) (32)
Equity in income of investment in unconsolidated affiliates 10 13
Fair value adjustments to Venator investment 76  
Loss on early extinguishment of debt (23)  
Other income, net 3 6
Income from continuing operations before income taxes 178 285
Income tax expense (51) (52)
Income from continuing operations 127 233
Income from discontinued operations, net of tax 1 114
Net income 128 347
Net income attributable to noncontrolling interests (12) (76)
Net income attributable to Huntsman Corporation or Huntsman International LLC 116 271
Amounts attributable to Huntsman Corporation common stockholders:    
Net income attributable to Huntsman Corporation or Huntsman International LLC 116 271
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Third Party Customers    
Revenues:    
Total revenues 2,004 2,255
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Related Party Customers    
Revenues:    
Total revenues $ 30 $ 40