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

Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Business Combinations and Acquisitions (Tables)

Note 3 - Business Combinations and Acquisitions (Tables)

3 Months Ended

Mar. 31, 2021

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 Gabriel Acquisition		$	249

Cash		$	9
Accounts receivable			13
Inventories			26
Property, plant and equipment			23
Intangible assets			16
Goodwill			172
Accounts payable			(7	)
Accrued liabilities			(2	)
Deferred income taxes			(1	)
Total fair value of net assets acquired		$	249

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 in Q1 2020		$	353

Cash		$	7
Accounts receivable			36
Inventories			32
Prepaid expenses and other current assets			2
Property, plant and equipment			9
Intangible assets			130
Goodwill			167
Other noncurrent assets			4
Accounts payable			(14	)
Accrued liabilities			(11	)
Deferred income taxes			(9	)
Total fair value of net assets acquired		$	353

Business Acquisition, Pro Forma Information [Table Text Block]

		*Three months*
		*ended*
		*March 31,*
		*2021(1)*				*2020*
Revenues		$	1,841			$	1,675
Net income			88				705
Net income attributable to Huntsman Corporation			71				702

		*Three months*
		*ended*
		*March 31,*
		*2021(1)*					*2020*
Revenues		$	1,841			$	1,675
Net income			90				704
Net income attributable to Huntsman International			73				701