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)

9 Months Ended

Sep. 30, 2021

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

	*Three months*						*Nine months*
	*ended*						*ended*
	*September 30,*						*September 30,*
	*2021*			*2020*			*2021*			*2020*
Revenues:
Polyurethanes	$	1,403		$	936		$	3,626		$	2,554
Performance Products		399			238			1,075			758
Advanced Materials		304			199			881			632
Textile Effects		188			142			588			424
Corporate and eliminations		(9	)		(5	)		(24	)		(18	)
Total	$	2,285		$	1,510		$	6,146		$	4,350

Huntsman Corporation:
Segment adjusted EBITDA(1):
Polyurethanes	$	246		$	156		$	661		$	271
Performance Products		103			36			254			123
Advanced Materials		48			25			150			103
Textile Effects		22			8			75			24
Corporate and other(2)		(48	)		(37	)		(146	)		(114	)
Total		371			188			994			407
Reconciliation of adjusted EBITDA to net income (loss):
Interest expense, net—continuing operations		(15	)		(24	)		(52	)		(63	)
Income tax expense—continuing operations		(38	)		(15	)		(114	)		(9	)
Income tax expense—discontinued operations		(5	)		—			(5	)		(239	)
Depreciation and amortization—continuing operations		(72	)		(70	)		(219	)		(206	)
Net income attributable to noncontrolling interests		16			9			49			15
Other adjustments:
Business acquisition and integration expenses and purchase accounting inventory adjustments		(5	)		(9	)		(19	)		(30	)
EBITDA from discontinued operations(3)		—			—			2			1,021
Fair value adjustments to Venator investment		(3	)		6			(28	)		(100	)
Loss on early extinguishment of debt		—			—			(27	)		—
Certain legal and other settlements and related income (expenses)		—			4			(10	)		(2	)
Gain on sale of businesses/assets		—			—			30			1
Income from transition services arrangements		2			1			6			6
Certain nonrecurring information technology project implementation costs		(2	)		(1	)		(6	)		(3	)
Amortization of pension and postretirement actuarial losses		(22	)		(20	)		(65	)		(57	)
Plant incident remediation costs		(2	)		—			(3	)		(1	)
Restructuring, impairment and plant closing and transition costs		—			(12	)		(36	)		(34	)
Net income	$	225		$	57		$	497		$	706

	*Three months*						*Nine months*
	*ended*						*ended*
	*September 30,*						*September 30,*
	*2021*			*2020*			*2021*			*2020*
Huntsman International:
Segment adjusted EBITDA(1):
Polyurethanes	$	246		$	156		$	661		$	271
Performance Products		103			36			254			123
Advanced Materials		48			25			150			103
Textile Effects		22			8			75			24
Corporate and other(2)		(47	)		(36	)		(140	)		(110	)
Total		372			189			1,000			411
Reconciliation of adjusted EBITDA to net income (loss):
Interest expense, net—continuing operations		(15	)		(24	)		(52	)		(65	)
Income tax expense—continuing operations		(39	)		(15	)		(115	)		(9	)
Income tax expense—discontinued operations		(5	)		—			(5	)		(239	)
Depreciation and amortization—continuing operations		(72	)		(70	)		(219	)		(206	)
Net income attributable to noncontrolling interests		16			9			49			15
Other adjustments:
Business acquisition and integration expenses and purchase accounting inventory adjustments		(5	)		(9	)		(19	)		(30	)
EBITDA from discontinued operations(3)		—			—			2			1,021
Fair value adjustments to Venator investment		(3	)		6			(28	)		(100	)
Loss on early extinguishment of debt		—			—			(27	)		—
Certain legal and other settlements and related income (expenses)		—			4			(10	)		(2	)
Gain on sale of businesses/assets		—			—			30			1
Income from transition services arrangements		2			1			6			6
Certain nonrecurring information technology project implementation costs		(2	)		(1	)		(6	)		(3	)
Amortization of pension and postretirement actuarial losses		(22	)		(20	)		(67	)		(59	)
Plant incident remediation costs		(2	)		—			(3	)		(1	)
Restructuring, impairment and plant closing and transition costs		—			(12	)		(36	)		(34	)
Net income	$	225		$	58		$	500		$	706