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12. OTHER COMPREHENSIVE (LOSS) INCOME
The components of other comprehensive (loss) income were as follows (dollars in millions):
Huntsman Corporation
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Other comprehensive (loss) income |
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Accumulated other
comprehensive loss |
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Three months
ended |
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Six months
ended |
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June 30,
2012 |
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December 31,
2011 |
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June 30,
2012 |
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June 30,
2011 |
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June 30,
2012 |
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June 30,
2011 |
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Foreign currency translation adjustments, net of tax of $23 and $24 as of June 30, 2012 and December 31, 2011, respectively
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$ |
149 |
|
$ |
218 |
|
$ |
(142 |
) |
$ |
56 |
|
$ |
(69 |
) |
$ |
147 |
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Pension and other postretirement benefit adjustments, net of tax of $112 and $124 as of June 30, 2012 and December 31, 2011, respectively
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(759 |
) |
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(800 |
) |
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22 |
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4 |
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41 |
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8 |
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Other comprehensive income (loss) of unconsolidated affiliates
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7 |
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8 |
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(1 |
) |
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— |
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(1 |
) |
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— |
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Other, net
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2 |
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3 |
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(2 |
) |
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— |
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(1 |
) |
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1 |
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| |
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Total
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(601 |
) |
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(571 |
) |
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(123 |
) |
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60 |
|
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(30 |
) |
|
156 |
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Amounts attributable to noncontrolling interests
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12 |
|
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12 |
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2 |
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— |
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— |
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(1 |
) |
| |
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Amounts attributable to Huntsman Corporation
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$ |
(589 |
) |
$ |
(559 |
) |
$ |
(121 |
) |
$ |
60 |
|
$ |
(30 |
) |
$ |
155 |
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| |
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Huntsman International
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Other comprehensive (loss) income |
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|
|
Accumulated other
comprehensive loss |
|
Three months
ended |
|
Six months
ended |
|
|
|
June 30,
2012 |
|
December 31,
2011 |
|
June 30,
2012 |
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June 30,
2011 |
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June 30,
2012 |
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June 30,
2011 |
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Foreign currency translation adjustments, net of tax of $10 and $11 as of June 30, 2012 and December 31, 2011, respectively
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$ |
148 |
|
$ |
217 |
|
$ |
(142 |
) |
$ |
55 |
|
$ |
(69 |
) |
$ |
148 |
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Pension and other postretirement benefit adjustments, net of tax of $143 and $156 as of June 30, 2012 and December 31, 2011, respectively
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(802 |
) |
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(845 |
) |
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22 |
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|
6 |
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|
43 |
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11 |
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Other comprehensive income (loss) of unconsolidated affiliates
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|
7 |
|
|
8 |
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(1 |
) |
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— |
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(1 |
) |
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— |
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Other, net
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(3 |
) |
|
(3 |
) |
|
(1 |
) |
|
— |
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|
— |
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— |
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| |
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Total
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|
(650 |
) |
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(623 |
) |
|
(122 |
) |
|
61 |
|
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(27 |
) |
|
159 |
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Amounts attributable to noncontrolling interests
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12 |
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12 |
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2 |
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— |
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— |
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(1 |
) |
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Amounts attributable to Huntsman International
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$ |
(638 |
) |
$ |
(611 |
) |
$ |
(120 |
) |
$ |
61 |
|
$ |
(27 |
) |
$ |
158 |
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Items of other comprehensive (loss) income of our Company and our consolidated affiliates have been recorded net of tax, with the exception of the foreign currency translation adjustments related to subsidiaries with earnings permanently reinvested. The tax effect is determined based upon the jurisdiction where the income or loss was recognized and is net of valuation allowances.
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