Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 3 - Business Combinations and Acquisitions (Tables)

Note 3 - Business Combinations and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Fair value of assets acquired and liabilities assumed:
Cash paid for the CVC Thermoset Specialties Acquisition		$	304

Accounts receivable		$	12
Inventories			37
Property, plant and equipment			67
Intangible assets			117
Goodwill			120
Accounts payable			(7	)
Accrued liabilities			(1	)
Deferred income taxes			(41	)
Total fair value of net assets acquired		$	304

Fair value of assets acquired and liabilities assumed:
Cash paid for the Icynene-Lapolla Acquisition		$	353

Cash		$	7
Accounts receivable			36
Inventories			32
Prepaid expenses and other current assets			1
Property, plant and equipment			7
Intangible assets			165
Goodwill			139
Other noncurrent assets			3
Accounts payable			(13	)
Accrued liabilities			(10	)
Deferred income taxes			(14	)
Total fair value of net assets acquired		$	353

Fair value of assets acquired and liabilities assumed:
Cash paid for the Demilec Acquisition		$	353

Cash		$	1
Accounts receivable			31
Inventories			23
Prepaid expenses and other current assets			1
Property, plant and equipment			21
Intangible assets			177
Goodwill			140
Accounts payable			(16	)
Accrued liabilities			(3	)
Deferred income taxes			(22	)
Total fair value of net assets acquired		$	353

Business Acquisition, Pro Forma Information [Table Text Block]

		*Pro Forma (Unaudited)*
		*Year ended December 31,*
		*2020*				*2019*
Revenues		$	6,080			$	7,140
Net income			1,063				616
Net income attributable to Huntsman Corporation			1,031				580

		*Pro Forma (Unaudited)*
		*Year ended December 31,*
		*2020*				*2019*
Revenues		$	6,080			$	7,140
Net income			1,064				605
Net income attributable to Huntsman International			1,032				569

		*Pro Forma (Unaudited)*
		*Year ended December 31,*
		*2018*
Revenues		$	7,662
Net income			639
Net income attributable to Huntsman Corporation			326

		*Pro Forma (Unaudited)*
		*Year ended December 31,*
		*2018*
Revenues		$	7,662
Net income			625
Net income attributable to Huntsman International			312

Schedule of Effects of Changes in Ownership Interest in Joint Venture [Table Text Block]

		Year ended December 31,
		2019				2018
Net income attributable to Huntsman Corporation shareholders		$	562			$	337

Decrease in Huntsman Corporation’s paid-in capital for purchase of 50% interest in Sasol-Huntsman			(11	)			—
Net transfers to noncontrolling interest			(11	)			—
Change from net income attributable to Huntsman Corporation shareholders and transfers to noncontrolling interest		$	551			$	337

		Year ended December 31,
		2019				2018
Net income attributable to Huntsman International shareholders		$	551			$	323

Decrease in Huntsman International’s paid-in capital for purchase of 50% interest in Sasol-Huntsman			(11	)			—
Net transfers to noncontrolling interest			(11	)			—
Change from net income attributable to Huntsman International shareholders and transfers to noncontrolling interest		$	540			$	323