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

Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Revenue Recognition

Note 11 - Revenue Recognition

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Text Block]

11. REVENUE RECOGNITION

The following tables disaggregate our revenue from continuing operations by major source for the three months ended September 30, 2021 and 2020 (dollars in millions):

			*Performance*		*Advanced*		*Textile*		*Corporate and*
2021	*Polyurethanes*		*Products*		*Materials*		*Effects*		*Eliminations*			*Total*
Primary Geographic Markets(1)
U.S. and Canada	$	537	$	183	$	90	$	14	$	(6	)	$	818
Europe		377		106		108		29		(3	)		617
Asia Pacific		379		88		78		113		(1	)		657
Rest of world		110		22		28		32		1			193
	$	1,403	$	399	$	304	$	188	$	(9	)	$	2,285

Major Product Groupings
MDI urethanes	$	1,403										$	1,403
Differentiated			$	399									399
Specialty					$	276							276
Non-specialty						28							28
Textile chemicals and dyes							$	188					188
Eliminations									$	(9	)		(9	)
	$	1,403	$	399	$	304	$	188	$	(9	)	$	2,285

			*Performance*		*Advanced*		*Textile*		*Corporate and*
2020	*Polyurethanes*		*Products*		*Materials*		*Effects*		*Eliminations*			*Total*
Primary Geographic Markets(1)
U.S. and Canada	$	350	$	104	$	52	$	12	$	(5	)	$	513
Europe		253		57		70		20		—			400
Asia Pacific		264		63		57		86		—			470
Rest of world		69		14		20		24		—			127
	$	936	$	238	$	199	$	142	$	(5	)	$	1,510

Major Product Groupings
MDI urethanes	$	936										$	936
Differentiated			$	238									238
Specialty					$	178							178
Non-specialty						21							21
Textile chemicals and dyes							$	142					142
Eliminations									$	(5	)		(5	)
	$	936	$	238	$	199	$	142	$	(5	)	$	1,510

The following tables disaggregate our revenue from continuing operations by major source for the nine months ended September 30, 2021 and 2020 (dollars in millions):

			*Performance*		*Advanced*		*Textile*		*Corporate and*
2021	*Polyurethanes*		*Products*		*Materials*		*Effects*		*Eliminations*			*Total*
Primary Geographic Markets(1)
U.S. and Canada	$	1,338	$	460	$	262	$	39	$	(15	)	$	2,084
Europe		949		283		317		95		(8	)		1,636
Asia Pacific		1,055		276		223		362		(1	)		1,915
Rest of world		284		56		79		92		—			511
	$	3,626	$	1,075	$	881	$	588	$	(24	)	$	6,146

Major Product Groupings
MDI urethanes	$	3,626										$	3,626
Differentiated			$	1,075									1,075
Specialty					$	795							795
Non-specialty						86							86
Textile chemicals and dyes							$	588					588
Eliminations									$	(24	)		(24	)
	$	3,626	$	1,075	$	881	$	588	$	(24	)	$	6,146

			*Performance*		*Advanced*		*Textile*		*Corporate and*
2020	*Polyurethanes*		*Products*		*Materials*		*Effects*		*Eliminations*			*Total*
Primary Geographic Markets(1)
U.S. and Canada	$	1,015	$	333	$	167	$	36	$	(16	)	$	1,535
Europe		681		184		243		71		(1	)		1,178
Asia Pacific		673		194		164		251		—			1,282
Rest of world		185		47		58		66		(1	)		355
	$	2,554	$	758	$	632	$	424	$	(18	)	$	4,350

Major Product Groupings
MDI urethanes	$	2,554										$	2,554
Differentiated			$	758									758
Specialty					$	561							561
Non-specialty						71							71
Textile chemicals and dyes							$	424					424
Eliminations									$	(18	)		(18	)
	$	2,554	$	758	$	632	$	424	$	(18	)	$	4,350

(1)	Geographic information for revenues is based upon countries into which product is sold.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details