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

Quarterly report pursuant to Section 13 or 15(d)

Note 19 - Earnings Per Share

Note 19 - Earnings Per Share

6 Months Ended

Jun. 30, 2021

19. EARNINGS PER SHARE

Basic earnings per share excludes dilution and is computed by dividing net income attributable to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period. Diluted earnings per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income attributable to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities.

Basic and diluted earnings per share is determined using the following information (in millions):

	*Three months*					*Six months*
	*ended*					*ended*
	*June 30,*					*June 30,*
	*2021*		*2020*			*2021*		*2020*
Numerator:
Basic and diluted income (loss) from continuing operations:
Income (loss) from continuing operations attributable to Huntsman Corporation	$	155	$	(67	)	$	237	$	(139	)
Basic and diluted net income:
Net income (loss) attributable to Huntsman Corporation	$	156	$	(62	)	$	239	$	643
Denominator:
Weighted average shares outstanding		220.9		219.7			220.6		221.4
Dilutive shares:
Stock-based awards		2.0		—			2.1		—
Total weighted average shares outstanding, including dilutive shares		222.9		219.7			222.7		221.4

Additional stock-based awards of approximately 1.0 million and 6.6 million weighted average equivalent shares of stock were outstanding during the three months ended June 30, 2021 and 2020, respectively, and approximately 1.4 and 6.3 million weighted average shares of stock were outstanding during the six months ended June 30, 2021 and 2020, respectively. However, these stock-based awards were not included in the computation of diluted earnings per share for the three and six months ended June 30, 2021 and 2020 because the effect would be anti-dilutive.