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

Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Revenue Recognition

Note 11 - Revenue Recognition

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Text Block]

11. REVENUE RECOGNITION

The following tables disaggregate our revenue from continuing operations by major source for the three months ended March 31, 2021 and 2020 (dollars in millions):

			*Performance*		*Advanced*		*Textile*		*Corporate and*
2021	*Polyurethanes*		*Products*		*Materials*		*Effects*		*Eliminations*			*Total*
Primary Geographic Markets(1)
U.S. and Canada	$	371	$	120	$	83	$	13	$	(3	)	$	584
Europe		279		77		99		31		(3	)		483
Asia Pacific		336		91		71		119		—			617
Rest of world		82		17		25		30		(1	)		153
	$	1,068	$	305	$	278	$	193	$	(7	)	$	1,837

Major Product Groupings
MDI urethanes	$	1,068										$	1,068
Differentiated			$	305									305
Specialty					$	245							245
Non-specialty						33							33
Textile chemicals and dyes							$	193					193
Eliminations									$	(7	)		(7	)
	$	1,068	$	305	$	278	$	193	$	(7	)	$	1,837

			*Performance*		*Advanced*		*Textile*		*Corporate and*
2020	*Polyurethanes*		*Products*		*Materials*		*Effects*		*Eliminations*			*Total*
Primary Geographic Markets(1)
U.S. and Canada	$	370	$	129	$	63	$	17	$	(7	)	$	572
Europe		245		74		101		32		(1	)		451
Asia Pacific		199		70		56		103		—			428
Rest of world		74		19		21		28		—			142
	$	888	$	292	$	241	$	180	$	(8	)	$	1,593

Major Product Groupings
MDI urethanes	$	888										$	888
Differentiated			$	292									292
Specialty					$	211							211
Non-specialty						30							30
Textile chemicals and dyes							$	180					180
Eliminations									$	(8	)		(8	)
	$	888	$	292	$	241	$	180	$	(8	)	$	1,593

(1)	Geographic information for revenues is based upon countries into which product is sold.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details