Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 3 - Business Combinations and Acquisitions (Tables)

Note 3 - Business Combinations and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Fair value of assets acquired and liabilities assumed:
Cash paid for the Gabriel Acquisition		$	251

Cash		$	9
Accounts receivable			13
Inventories			23
Property, plant and equipment			50
Intangible assets			96
Goodwill			87
Accounts payable			(7	)
Accrued liabilities			(3	)
Deferred income taxes			(17	)
Total fair value of net assets acquired		$	251

Fair value of assets acquired and liabilities assumed:
Cash paid for the CVC Thermoset Specialties Acquisition		$	304

Accounts receivable		$	12
Inventories			37
Property, plant and equipment			67
Intangible assets			117
Goodwill			120
Accounts payable			(7	)
Accrued liabilities			(1	)
Deferred income taxes			(41	)
Total fair value of net assets acquired		$	304

Fair value of assets acquired and liabilities assumed:
Cash paid for the Icynene-Lapolla Acquisition		$	353

Cash		$	7
Accounts receivable			36
Inventories			32
Prepaid expenses and other current assets			2
Property, plant and equipment			9
Intangible assets			130
Goodwill			167
Other noncurrent assets			4
Accounts payable			(14	)
Accrued liabilities			(11	)
Deferred income taxes			(9	)
Total fair value of net assets acquired		$	353

Business Acquisition, Pro Forma Information [Table Text Block]

		*Pro forma (unaudited)*
		*Year ended December 31,*
		*2021(1)*				*2020*
Revenues		$	8,457			$	6,180
Net income			1,092				1,054
Net income attributable to Huntsman Corporation			1,033				1,022

		*Pro forma (unaudited)*
		*Year ended December 31,*
		*2021(1)*				*2020*
Revenues		$	8,457			$	6,180
Net income			1,095				1,055
Net income attributable to Huntsman International			1,036				1,023

Schedule of Effects of Changes in Ownership Interest in Joint Venture [Table Text Block]

		*Year ended*
		*December 31, 2019*
Net income attributable to Huntsman Corporation shareholders		$	562

Decrease in Huntsman Corporation’s paid-in capital for purchase of 50% interest in Sasol-Huntsman			(11	)
Net transfers to noncontrolling interest			(11	)
Change from net income attributable to Huntsman Corporation shareholders and transfers to noncontrolling interest		$	551

		*Year ended*
		*December 31, 2019*
Net income attributable to Huntsman International shareholders		$	551

Decrease in Huntsman International’s paid-in capital for purchase of 50% interest in Sasol-Huntsman			(11	)
Net transfers to noncontrolling interest			(11	)
Change from net income attributable to Huntsman International shareholders and transfers to noncontrolling interest		$	540