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12. OTHER COMPREHENSIVE INCOME (LOSS)
The components of other comprehensive income (loss) were as follows (dollars in millions):
Huntsman Corporation
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Other comprehensive income (loss) |
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Accumulated other
comprehensive loss |
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Three months ended |
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Nine months ended |
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September 30,
2012 |
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December 31,
2011 |
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September 30,
2012 |
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September 30,
2011 |
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September 30,
2012 |
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September 30,
2011 |
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Foreign currency translation adjustments, net of tax of $23 and $24 as of September 30, 2012 and December 31, 2011, respectively
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$ |
243 |
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$ |
218 |
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$ |
94 |
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$ |
(117 |
) |
$ |
25 |
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$ |
30 |
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Pension and other postretirement benefit adjustments, net of tax of $109 and $124 as of September 30, 2012 and December 31, 2011, respectively
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(745 |
) |
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(800 |
) |
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14 |
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(78 |
) |
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55 |
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(70 |
) |
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Other comprehensive income (loss) of unconsolidated affiliates
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7 |
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8 |
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— |
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3 |
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(1 |
) |
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3 |
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Other, net
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2 |
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3 |
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— |
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(3 |
) |
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(1 |
) |
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(2 |
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Total
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(493 |
) |
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(571 |
) |
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108 |
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(195 |
) |
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78 |
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(39 |
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Amounts attributable to noncontrolling interests
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10 |
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12 |
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(2 |
) |
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— |
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(2 |
) |
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(1 |
) |
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Amounts attributable to Huntsman Corporation
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$ |
(483 |
) |
$ |
(559 |
) |
$ |
106 |
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$ |
(195 |
) |
$ |
76 |
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$ |
(40 |
) |
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Huntsman International
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Other comprehensive income (loss) |
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Accumulated other
comprehensive loss |
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|
|
Three months ended |
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Nine months ended |
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|
|
September 30,
2012 |
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December 31,
2011 |
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September 30,
2012 |
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September 30,
2011 |
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September 30,
2012 |
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September 30,
2011 |
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Foreign currency translation adjustments, net of tax of $10 and $11 as of September 30, 2012 and December 31, 2011, respectively
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$ |
242 |
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$ |
217 |
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$ |
94 |
|
$ |
(118 |
) |
$ |
25 |
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$ |
30 |
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Pension and other postretirement benefit adjustments, net of tax of $140 and $156 as of September 30, 2012 and December 31, 2011, respectively
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(787 |
) |
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(845 |
) |
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15 |
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(77 |
) |
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58 |
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(66 |
) |
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Other comprehensive income (loss) of unconsolidated affiliates
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7 |
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8 |
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— |
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3 |
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(1 |
) |
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3 |
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Other, net
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(3 |
) |
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(3 |
) |
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— |
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(2 |
) |
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— |
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(2 |
) |
| |
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Total
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(541 |
) |
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(623 |
) |
|
109 |
|
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(194 |
) |
|
82 |
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(35 |
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Amounts attributable to noncontrolling interests
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10 |
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12 |
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(2 |
) |
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— |
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(2 |
) |
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(1 |
) |
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Amounts attributable to Huntsman International
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$ |
(531 |
) |
$ |
(611 |
) |
$ |
107 |
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$ |
(194 |
) |
$ |
80 |
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$ |
(36 |
) |
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Items of other comprehensive income (loss) of our Company and our consolidated affiliates have been recorded net of tax, with the exception of the foreign currency translation adjustments related to subsidiaries with earnings permanently reinvested. The tax effect is determined based upon the jurisdiction where the income or loss was recognized and is net of valuation allowances.
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