Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Trade sales, services and fees, net $ 2,691 $ 2,923 $ 8,406 $ 8,445
Related party sales 50 53 162 144
Total revenues 2,741 2,976 8,568 8,589
Cost of goods sold 2,204 2,486 6,954 7,138
Gross profit 537 490 1,614 1,451
Operating expenses:        
Selling, general and administrative 220 217 673 691
Research and development 35 42 112 123
Other operating (income) expense   (1) 7 7
Restructuring, impairment and plant closing costs 47 155 52 171
Total expenses 302 413 844 992
Operating income 235 77 770 459
Interest expense, net (56) (63) (172) (187)
Equity in income of investment in unconsolidated affiliates 2 2 5 6
Loss on early extinguishment of debt (1) (2) (2) (5)
Other income (expense) 1 (1) 2  
Income from continuing operations before income taxes 181 13 603 273
Income tax expense (61) (55) (186) (111)
Income (loss) from continuing operations 120 (42) 417 162
(Loss) income from discontinued operations, net of tax (1) 10 (7) (5)
Income (loss) before extraordinary gain 119 (32) 410 157
Extraordinary gain on the acquisition of a business, net of tax of nil 1   1 2
Net income (loss) 120 (32) 411 159
Net income attributable to noncontrolling interests (4) (2) (8) (17)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC 116 (34) 403 142
Basic income (loss) per share:        
Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.49 $ (0.19) $ 1.72 $ 0.61
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)   $ 0.05 $ (0.02) $ (0.02)
Extraordinary gain on the acquisition of a business attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)       $ 0.01
Net income (loss) attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.49 $ (0.14) $ 1.70 $ 0.60
Weighted average shares (in shares) 237.9 237.6 237.4 238.2
Diluted income (loss) per share:        
Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.48 $ (0.19) $ 1.70 $ 0.60
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)   $ 0.05 $ (0.02) $ (0.02)
Extraordinary gain on the acquisition of a business attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)       $ 0.01
Net income (loss) attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.48 $ (0.14) $ 1.68 $ 0.59
Weighted average shares (in shares) 240.8 237.6 240.3 242.6
Amounts attributable to Huntsman Corporation common stockholders:        
Income (loss) from continuing operations 116 (44) 409 145
(Loss) income from discontinued operations, net of tax (1) 10 (7) (5)
Extraordinary gain on the acquisition of a business, net of tax 1   1 2
Net income (loss) 116 (34) 403 142
Dividends per share (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
        
Revenues:        
Trade sales, services and fees, net 2,691 2,923 8,406 8,445
Related party sales 50 53 162 144
Total revenues 2,741 2,976 8,568 8,589
Cost of goods sold 2,199 2,481 6,940 7,124
Gross profit 542 495 1,628 1,465
Operating expenses:        
Selling, general and administrative 220 216 669 688
Research and development 35 42 112 123
Other operating (income) expense   (1) 7 7
Restructuring, impairment and plant closing costs 47 155 52 171
Total expenses 302 412 840 989
Operating income 240 83 788 476
Interest expense, net (59) (66) (181) (197)
Equity in income of investment in unconsolidated affiliates 2 2 5 6
Loss on early extinguishment of debt (1) (2) (2) (5)
Other income (expense) 1 (1) 2  
Income from continuing operations before income taxes 183 16 612 280
Income tax expense (62) (55) (188) (111)
Income (loss) from continuing operations 121 (39) 424 169
(Loss) income from discontinued operations, net of tax (1) 10 (7) (5)
Income (loss) before extraordinary gain 120 (29) 417 164
Extraordinary gain on the acquisition of a business, net of tax of nil 1   1 2
Net income (loss) 121 (29) 418 166
Net income attributable to noncontrolling interests (4) (2) (8) (17)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC 117 (31) 410 149
Amounts attributable to Huntsman Corporation common stockholders:        
Extraordinary gain on the acquisition of a business, net of tax 1   1 2
Net income (loss) $ 117 $ (31) $ 410 $ 149