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

Annual report pursuant to Section 13 and 15(d)

Note 4 - Discontinued Operations and Business Dispositions (Tables)

Note 4 - Discontinued Operations and Business Dispositions (Tables)

12 Months Ended

Dec. 31, 2020

Disposal Groups, Including Discontinued Operations [Table Text Block]

	*December 31,*
	*2019*
Carrying amounts of major classes of assets held for sale:
Accounts receivable	$	145
Inventories		105
Property, plant and equipment, net		720
Operating lease right-of-use assets		69
Deferred income taxes		4
Other noncurrent assets		165
Total assets held for sale⁽¹⁾	$	1,208
Carrying amounts of major classes of liabilities held for sale:
Accounts payable	$	152
Accrued liabilities		26
Current operating lease liabilities		20
Deferred income taxes		135
Noncurrent operating lease liabilities		51
Other noncurrent liabilities		128
Total liabilities held for sale⁽¹⁾	$	512

	*Year ended December 31,*
	*2020*			*2019*			*2018*
Major line items constituting pretax income of discontinued operations⁽¹⁾:
Trade sales, services and fees, net⁽²⁾	$	7		$	1,545		$	3,923
Cost of goods sold⁽²⁾		(37	)		1,287			2,847
Gain on sale of the Chemical Intermediates Businesses		978			—			—
Other expense items, net that are not major		5			54			332
Income from discontinued operations before income taxes		1,017			204			744
Income tax expense		(242	)		(35	)		(86	)
Loss on disposal		—			—			(427	)
Valuation allowance		—			—			(270	)
Income (loss) from discontinued operations, net of tax		775			169			(39	)
Net income attributable to noncontrolling interests		—			—			(6	)
Net income (loss) attributable to discontinued operations	$	775		$	169		$	(45	)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details