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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- GENERAL (Policies)
Notes Tables
Notes Details

LEASES (Tables)

v3.19.1

LEASES (Tables)

3 Months Ended

Mar. 31, 2019

LEASES

Schedule of components of operating lease expense, cash flows and supplemental noncash information

The components of operating lease expense, cash flows and supplemental noncash information are as follows (dollars in millions):


	Three months
	ended
	March 31, 2019
Operating lease expense:
Cost of goods sold	$	16
Selling, general and administrative		4
Research and development		1
Total operating lease expense(1)	$	21

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	17

Supplemental noncash information:
Leased assets obtained in exchange for new operating lease liabilities	$	467

(1)

Total operating lease expense includes short-term lease expense of approximately nil.

Schedule of lease term and discount rate

The weighted-average lease term and discount rate for our operating leases are as follows:


Weighted-average remaining lease term	10 years
Weighted-average discount rate	4.3%

Schedule of undiscounted cash flows of operating lease liabilities

The undiscounted cash flows of operating lease liabilities as of March 31, 2019 are as follows (dollars in millions):


Year ending December 31,
2019 (excluding the three months ended March 31, 2019)	$	57
2020		71
2021		67
2022		60
2023		54
Thereafter		294
Total lease payments		603
Less imputed interest		(118)
Total	$	485

Schedule of future minimum lease payments under operating leases

Future minimum lease payments under operating leases as of December 31, 2018 are as follows (dollars in millions):


Year ending December 31,
2019	$	59
2020		53
2021		52
2022		49
2023		45
Thereafter		234
	$	492

- Definition

The tabular disclosure of lease quantitative information.

+ References

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

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- Definition

Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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