Quarterly report pursuant to Section 13 or 15(d)

Note 20 - Operating Segment Information - Financial Information By Segment (Details)

v3.21.1
Note 20 - Operating Segment Information - Financial Information By Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Total revenues [1] $ 1,837 $ 1,593
Segment adjusted EBITDA [2] 289 165
Interest expense, net—continuing operations (19) (18)
Income tax expense—continuing operations (34) (7)
Income tax expense 0 (238)
Depreciation and amortization—continuing operations (74) (67)
Net income attributable to noncontrolling interests 17 3
Business acquisition and integration expenses and purchase accounting inventory adjustments (9) (13)
EBITDA from discontinued operations 1 1,015
Equity Securities, FV-NI, Gain (Loss), Total (19)  
Equity Investment, Unrealized Gain (Loss)   (110)
Certain legal and other settlements and related expenses (2) (2)
Gain on sale of businesses/assets 0 2
Income from transition services arrangements 1 0
Certain nonrecurring information technology project implementation costs (1) (1)
Amortization of pension and postretirement actuarial losses (22) (18)
Plant incident remediation costs (4) 0
Restructuring, impairment and plant closing and transition costs (24) (3)
Net income 100 708
Income tax expense—continuing operations (34) (7)
Huntsman International LLC [Member]    
Total revenues 1,837 1,593
Segment adjusted EBITDA 292 166
Interest expense, net—continuing operations (19) (20)
Income tax expense—continuing operations (35) (7)
Income tax expense 0 (238)
Depreciation and amortization—continuing operations (73) (67)
Net income attributable to noncontrolling interests 17 3
Business acquisition and integration expenses and purchase accounting inventory adjustments (9) (13)
EBITDA from discontinued operations 1 1,015
Equity Securities, FV-NI, Gain (Loss), Total (19)  
Equity Investment, Unrealized Gain (Loss)   (110)
Certain legal and other settlements and related expenses (2) (2)
Gain on sale of businesses/assets 0 2
Income from transition services arrangements 1 0
Certain nonrecurring information technology project implementation costs (1) (1)
Amortization of pension and postretirement actuarial losses (23) (18)
Plant incident remediation costs (4) 0
Restructuring, impairment and plant closing and transition costs (24) (3)
Net income 102 707
Income tax expense—continuing operations (35) (7)
Restructuring, impairment and plant closing and transition costs (24) (3)
Consolidation, Eliminations [Member]    
Total revenues (7) (8)
Segment Reconciling Items [Member]    
Total revenues [1] (7) (8)
Segment adjusted EBITDA [2],[3] (50) (45)
Segment Reconciling Items [Member] | Huntsman International LLC [Member]    
Segment adjusted EBITDA [2],[3] (47) (44)
Polyurethanes [Member] | Operating Segments [Member]    
Total revenues [1] 1,068 888
Segment adjusted EBITDA [2] 207 84
Polyurethanes [Member] | Operating Segments [Member] | Huntsman International LLC [Member]    
Segment adjusted EBITDA [2] 207 84
Performance Products [Member] | Operating Segments [Member]    
Total revenues [1] 305 292
Segment adjusted EBITDA [2] 63 58
Performance Products [Member] | Operating Segments [Member] | Huntsman International LLC [Member]    
Segment adjusted EBITDA [2] 63 58
Advanced Materials [Member] | Operating Segments [Member]    
Total revenues [1] 278 241
Segment adjusted EBITDA [2] 44 48
Advanced Materials [Member] | Operating Segments [Member] | Huntsman International LLC [Member]    
Segment adjusted EBITDA [2] 44 48
Textile Effects [Member] | Operating Segments [Member]    
Total revenues [1] 193 180
Segment adjusted EBITDA [2] 25 20
Textile Effects [Member] | Operating Segments [Member] | Huntsman International LLC [Member]    
Segment adjusted EBITDA [2] $ 25 $ 20
[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) EBITDA from discontinued operations; (c) fair value adjustments to Venator investment; (d) certain legal and other settlements and related expenses; (e) gain on sale of businesses/assets; (f) income from transition services arrangements related to the sale of our Chemical Intermediates Businesses to Indorama; (g) certain nonrecurring information technology project implementation costs; (h) amortization of pension and postretirement actuarial losses; (i) plant incident remediation costs; and (j) restructuring, impairment, plant closing and transition costs.
[3] Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense and gains and losses on the disposition of corporate assets.