Annual report pursuant to Section 13 and 15(d)

Note 27 - Operating Segment Information - Financial Information By Segment (Details)

v3.20.4
Note 27 - Operating Segment Information - Financial Information By Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Total revenues [1] $ 6,018 $ 6,797 $ 7,604
Segment adjusted EBITDA [2] 647 846 1,161
Interest expense, net—continuing operations (86) (111) (115)
Interest expense, net—discontinued operations 0 0 (36)
Income tax (expense) benefit—continuing operations (46) 38 (45)
Income tax expense (242) (35) (86)
Depreciation and amortization—continuing operations (283) (270) (255)
Depreciation and amortization—discontinued operations 0 (61) (88)
Net income attributable to noncontrolling interests 32 36 313
Business acquisition and integration expenses and purchase accounting inventory adjustments (31) (5) (9)
Merger costs 0 0 (2)
EBITDA from discontinued operations 1,017 265 171
Noncontrolling interest of discontinued operations 0 0 (232)
Fair value adjustments to Venator investment and related loss on disposal (88) (18) (62)
Loss on early extinguishment of debt 0 (23) (3)
Certain legal and other settlements and related expenses (5) (6) (1)
Gain (loss) on sale of businesses/assets 280 (21) 0
Income from transition services arrangements 7 0 0
Certain nonrecurring information technology project implementation costs (6) (4) 0
Amortization of pension and postretirement actuarial losses (76) (66) (67)
Plant incident remediation costs (2) (8) 0
Restructuring, impairment and plant closing and transition (costs) credits (52) 41 6
Net income 1,066 598 650
Depreciation and amortization - continuing operations 283 270 255
Capital expenditures 249 274 251
Total assets 8,713 7,112  
Goodwill 533 276  
Fair value adjustments to Venator investment and related loss on disposal (88) (18) (62)
Huntsman International LLC [Member]      
Total revenues 6,018 6,797 7,604
Segment adjusted EBITDA 653 851 1,165
Interest expense, net—continuing operations (88) (126) (136)
Interest expense, net—discontinued operations 0 0 (36)
Income tax (expense) benefit—continuing operations (46) 41 (41)
Income tax expense (242) (35) (86)
Depreciation and amortization—continuing operations (283) (270) (252)
Depreciation and amortization—discontinued operations 0 (61) (88)
Net income attributable to noncontrolling interests 32 36 313
Business acquisition and integration expenses and purchase accounting inventory adjustments (31) (5) (9)
Merger costs 0 0 (2)
EBITDA from discontinued operations 1,017 265 171
Noncontrolling interest of discontinued operations 0 0 (232)
Fair value adjustments to Venator investment and related loss on disposal (88) (18) (62)
Loss on early extinguishment of debt 0 (23) (3)
Certain legal and other settlements and related expenses (5) (6) (1)
Gain (loss) on sale of businesses/assets 280 (21) 0
Income from transition services arrangements 7 0 0
Certain nonrecurring information technology project implementation costs (6) (4) 0
Amortization of pension and postretirement actuarial losses (79) (70) (71)
Plant incident remediation costs (2) (8) 0
Restructuring, impairment and plant closing and transition (costs) credits (52) 41 6
Net income 1,067 587 636
Depreciation and amortization - continuing operations 283 270 252
Capital expenditures 249 274 251
Total assets 8,756 7,515  
Goodwill 533 276  
Fair value adjustments to Venator investment and related loss on disposal (88) (18) (62)
Consolidation, Eliminations [Member]      
Total revenues (25) (79) 81
Corporate and Reconciling Items [Member]      
Depreciation and amortization—continuing operations (13) (17) (16)
Depreciation and amortization - continuing operations 13 17 16
Capital expenditures 12 11 10
Total assets 2,198 1,265  
Corporate and Reconciling Items [Member] | Huntsman International LLC [Member]      
Depreciation and amortization—continuing operations (13) (17) (13)
Depreciation and amortization - continuing operations 13 17 13
Capital expenditures 12 11 10
Total assets 2,241 1,668  
Segment Reconciling Items [Member]      
Total revenues [1] (25) (79) 81
Segment adjusted EBITDA [2],[3] (161) (155) (171)
Segment Reconciling Items [Member] | Huntsman International LLC [Member]      
Segment adjusted EBITDA [2],[3] (155) (150) (167)
Polyurethanes [Member] | Operating Segments [Member]      
Total revenues [1] 3,584 3,911 4,282
Segment adjusted EBITDA [2] 472 548 809
Depreciation and amortization—continuing operations (130) (120) (108)
Depreciation and amortization - continuing operations 130 120 108
Capital expenditures 172 185 153
Total assets 3,970 3,437  
Goodwill 312 177  
Polyurethanes [Member] | Operating Segments [Member] | Huntsman International LLC [Member]      
Segment adjusted EBITDA [2] 472 548 809
Depreciation and amortization—continuing operations (130) (120) (108)
Depreciation and amortization - continuing operations 130 120 108
Capital expenditures 172 185 153
Total assets 3,970 3,437  
Goodwill 312 177  
Performance Products [Member] | Operating Segments [Member]      
Total revenues [1] 1,023 1,158 1,301
Segment adjusted EBITDA [2] 164 168 197
Depreciation and amortization—continuing operations (79) (81) (78)
Depreciation and amortization - continuing operations 79 81 78
Capital expenditures 32 32 48
Total assets 1,062 1,125  
Goodwill 18 16  
Performance Products [Member] | Operating Segments [Member] | Huntsman International LLC [Member]      
Segment adjusted EBITDA [2] 164 168 197
Depreciation and amortization—continuing operations (79) (81) (78)
Depreciation and amortization - continuing operations 79 81 78
Capital expenditures 32 32 48
Total assets 1,062 1,125  
Goodwill 18 16  
Advanced Materials [Member] | Operating Segments [Member]      
Total revenues [1] 839 1,044 1,116
Segment adjusted EBITDA [2] 130 201 225
Depreciation and amortization—continuing operations (45) (36) (37)
Depreciation and amortization - continuing operations 45 36 37
Capital expenditures 21 24 20
Total assets 1,002 774  
Goodwill 203 83  
Advanced Materials [Member] | Operating Segments [Member] | Huntsman International LLC [Member]      
Segment adjusted EBITDA [2] 130 201 225
Depreciation and amortization—continuing operations (45) (36) (37)
Depreciation and amortization - continuing operations 45 36 37
Capital expenditures 21 24 20
Total assets 1,002 774  
Goodwill 203 83  
Textile Effects [Member] | Operating Segments [Member]      
Total revenues [1] 597 763 824
Segment adjusted EBITDA [2] 42 84 101
Depreciation and amortization—continuing operations (16) (16) (16)
Depreciation and amortization - continuing operations 16 16 16
Capital expenditures 12 22 20
Total assets 481 511  
Textile Effects [Member] | Operating Segments [Member] | Huntsman International LLC [Member]      
Segment adjusted EBITDA [2] 42 84 101
Depreciation and amortization—continuing operations (16) (16) (16)
Depreciation and amortization - continuing operations 16 16 16
Capital expenditures 12 22 $ 20
Total assets $ 481 $ 511  
[1] Geographic information for revenues is based upon countries into which product is sold.
[2] We use segment adjusted EBITDA as the measure of each segment's profit or loss. We believe that segment adjusted EBITDA more accurately reflects what the chief operating decision maker uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses and purchase accounting inventory adjustments; (b) merger costs; (c) EBITDA from discontinued operations; (d) noncontrolling interest of discontinued operations; (e) fair value adjustments to Venator investment and related loss on disposal; (f) loss on early extinguishment of debt; (g) certain legal and other settlements and related expenses; (h) gain (loss) on sale of businesses/assets; (i) income from transition services arrangements related to the sale of our Chemical Intermediates Businesses to Indorama; (j) certain nonrecurring information technology project implementation costs; (k) amortization of pension and postretirement actuarial losses; (l) plant incident remediation costs; and (m) restructuring, impairment, plant closing and transition (costs) credits .
[3] Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, nonoperating income and expense and gains and losses on the disposition of corporate assets.