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

Quarterly report pursuant to Section 13 or 15(d)

Note 20 - Operating Segment Information (Tables)

Note 20 - Operating Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	*Three months*						*Six months*
	*ended*						*ended*
	*June 30,*						*June 30,*
	*2021*			*2020*			*2021*			*2020*
Revenues:
Polyurethanes	$	1,155		$	730		$	2,223		$	1,618
Performance Products		371			228			676			520
Advanced Materials		299			192			577			433
Textile Effects		207			102			400			282
Corporate and eliminations		(8	)		(5	)		(15	)		(13	)
Total	$	2,024		$	1,247		$	3,861		$	2,840

Huntsman Corporation:
Segment adjusted EBITDA(1):
Polyurethanes	$	208		$	31		$	415		$	115
Performance Products		88			29			151			87
Advanced Materials		58			30			102			78
Textile Effects		28			(4	)		53			16
Corporate and other(2)		(48	)		(32	)		(98	)		(77	)
Total		334			54			623			219
Reconciliation of adjusted EBITDA to net income (loss):
Interest expense, net—continuing operations		(18	)		(21	)		(37	)		(39	)
Income tax (expense) benefit—continuing operations		(42	)		13			(76	)		6
Income tax expense—discontinued operations		—			(1	)		—			(239	)
Depreciation and amortization—continuing operations		(73	)		(69	)		(147	)		(136	)
Net income attributable to noncontrolling interests		16			3			33			6
Other adjustments:
Business acquisition and integration expenses and purchase accounting inventory adjustments		(5	)		(8	)		(14	)		(21	)
EBITDA from discontinued operations(3)		1			6			2			1,021
Fair value adjustments to Venator investment		(6	)		4			(25	)		(106	)
Loss on early extinguishment of debt		(27	)		—			(27	)		—
Certain legal and other settlements and related expenses		(8	)		(4	)		(10	)		(6	)
Gain (loss) on sale of businesses/assets		30			(1	)		30			1
Income from transition services arrangements		3			5			4			5
Certain nonrecurring information technology project implementation costs		(3	)		(1	)		(4	)		(2	)
Amortization of pension and postretirement actuarial losses		(21	)		(19	)		(43	)		(37	)
Plant incident remediation credits (costs)		3			(1	)		(1	)		(1	)
Restructuring, impairment and plant closing and transition costs		(12	)		(19	)		(36	)		(22	)
Net income (loss)	$	172		$	(59	)	$	272		$	649

	*Three months*						*Six months*
	*ended*						*ended*
	*June 30,*						*June 30,*
	*2021*			*2020*			*2021*			*2020*
Huntsman International:
Segment adjusted EBITDA(1):
Polyurethanes	$	208		$	31		$	415		$	115
Performance Products		88			29			151			87
Advanced Materials		58			30			102			78
Textile Effects		28			(4	)		53			16
Corporate and other(2)		(46	)		(30	)		(93	)		(74	)
Total		336			56			628			222
Reconciliation of adjusted EBITDA to net income (loss):
Interest expense, net—continuing operations		(18	)		(21	)		(37	)		(41	)
Income tax (expense) benefit—continuing operations		(41	)		13			(76	)		6
Income tax expense—discontinued operations		—			(1	)		—			(239	)
Depreciation and amortization—continuing operations		(74	)		(69	)		(147	)		(136	)
Net income attributable to noncontrolling interests		16			3			33			6
Other adjustments:
Business acquisition and integration expenses and purchase accounting inventory adjustments		(5	)		(8	)		(14	)		(21	)
EBITDA from discontinued operations(3)		1			6			2			1,021
Fair value adjustments to Venator investment		(6	)		4			(25	)		(106	)
Loss on early extinguishment of debt		(27	)		—			(27	)		—
Certain legal and other settlements and related expenses		(8	)		(4	)		(10	)		(6	)
Gain (loss) on sale of businesses/assets		30			(1	)		30			1
Income from transition services arrangements		3			5			4			5
Certain nonrecurring information technology project implementation costs		(3	)		(1	)		(4	)		(2	)
Amortization of pension and postretirement actuarial losses		(22	)		(21	)		(45	)		(39	)
Plant incident remediation credits (costs)		3			(1	)		(1	)		(1	)
Restructuring, impairment and plant closing and transition costs		(12	)		(19	)		(36	)		(22	)
Net income (loss)	$	173		$	(59	)	$	275		$	648