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

Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Accumulated Other Comprehensive Loss (Tables)

Note 14 - Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2021

Notes Tables

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustment(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2021		$	(328	)		$	(1,050	)		$	8			$	4			$	(1,366	)		$	20			$	(1,346	)
Other comprehensive loss before reclassifications, gross			(6	)			—				—				—				(6	)			(1	)			(7	)
Tax expense			—				—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				45				—				—				45				—				45
Tax expense			—				(10	)			—				—				(10	)			—				(10	)
Net current-period other comprehensive (loss) income			(6	)			35				—				—				29				(1	)			28
Ending balance, June 30, 2021		$	(334	)		$	(1,015	)		$	8			$	4			$	(1,337	)		$	19			$	(1,318	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustment(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2020		$	(369	)		$	(1,031	)		$	8			$	4			$	(1,388	)		$	26			$	(1,362	)
Other comprehensive (loss) income before reclassifications, gross			(52	)			8				—				—				(44	)			—				(44	)
Tax expense			(4	)			(2	)			—				—				(6	)			—				(6	)
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				75				—				—				75				—				75
Tax expense			—				(17	)			—				—				(17	)			—				(17	)
Net current-period other comprehensive (loss) income			(56	)			64				—				—				8				—				8
Ending balance, June 30, 2020		$	(425	)		$	(967	)		$	8			$	4			$	(1,380	)		$	26			$	(1,354	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustment(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2021		$	(333	)		$	(1,028	)		$	8			$	—			$	(1,353	)		$	20			$	(1,333	)
Other comprehensive loss before reclassifications, gross			(6	)			—				—				—				(6	)			(1	)			(7	)
Tax expense			—				—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				46				—				—				46				—				46
Tax expense			—				(10	)			—				—				(10	)			—				(10	)
Net current-period other comprehensive (loss) income			(6	)			36				—				—				30				(1	)			29
Ending balance, June 30, 2021		$	(339	)		$	(992	)		$	8			$	—			$	(1,323	)		$	19			$	(1,304	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustment(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2020		$	(374	)		$	(1,012	)		$	8			$	—			$	(1,378	)		$	26			$	(1,352	)
Other comprehensive (loss) income before reclassifications, gross			(53	)			8				—				—				(45	)			—				(45	)
Tax expense			(4	)			(2	)			—				—				(6	)			—				(6	)
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				77				—				—				77				—				77
Tax expense			—				(17	)			—				—				(17	)			—				(17	)
Net current-period other comprehensive (loss) income			(57	)			66				—				—				9				—				9
Ending balance, June 30, 2020		$	(431	)		$	(946	)		$	8			$	—			$	(1,369	)		$	26			$	(1,343	)

Huntsman International LLC [Member]

Notes Tables

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

		*Three Months Ended June 30,*
		*2021*				*2020*
		*Amounts reclassified*				*Amounts reclassified*				*Affected line item in*
		*from accumulated*				*from accumulated*				*the statement*
Details about Accumulated Other		*other*				*other*				*where net income*
Comprehensive Loss Components(a):		*comprehensive loss*				*comprehensive loss*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(2	)		$	(2	)		(b)
Actuarial loss			23				19			(b)(d)
			21				17			Total before tax
			(5	)			(3	)		Income tax expense
Total reclassifications for the period		$	16			$	14			Net of tax

		*Six Months Ended June 30,*
		*2021*				*2020*
		*Amounts reclassified*				*Amounts reclassified*				*Affected line item in*
		*from accumulated*				*from accumulated*				*the statement*
Details about Accumulated Other		*other*				*other*				*where net income*
Comprehensive Loss Components(a):		*comprehensive loss*				*comprehensive loss*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(5	)		$	(5	)		(b)
Settlement loss			3				41			(c)
Actuarial loss			47				39			(b)(d)
			45				75			Total before tax
			(10	)			(17	)		Income tax expense
Total reclassifications for the period		$	35			$	58			Net of tax

		*Three Months Ended June 30,*
		*2021*				*2020*
		*Amounts reclassified*				*Amounts reclassified*				*Affected line item in*
		*from accumulated*				*from accumulated*				*the statement*
Details about Accumulated Other		*other*				*other*				*where net income*
Comprehensive Loss Components(a):		*comprehensive loss*				*comprehensive loss*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(2	)		$	(2	)		(b)
Actuarial loss			23				20			(b)(d)
			21				18			Total before tax
			(4	)			(3	)		Income tax expense
Total reclassifications for the period		$	17			$	15			Net of tax

		*Six Months Ended June 30,*
		*2021*				*2020*
		*Amounts reclassified*				*Amounts reclassified*				*Affected line item in*
		*from accumulated*				*from accumulated*				*the statement*
Details about Accumulated Other		*other*				*other*				*where net income*
Comprehensive Loss Components(a):		*comprehensive loss*				*comprehensive loss*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(5	)		$	(5	)		(b)
Settlement loss			3				41			(c)
Actuarial loss			48				41			(b)(d)
			46				77			Total before tax
			(10	)			(17	)		Income tax expense
Total reclassifications for the period		$	36			$	60			Net of tax