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)

3 Months Ended

Mar. 31, 2022

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

	*Three months*
	*ended*
	*March 31,*
	*2022*			*2021*
Revenues:
Polyurethanes	$	1,386		$	1,068
Performance Products		480			305
Advanced Materials		335			278
Textile Effects		197			193
Total reportable segment’s revenue		2,398			1,844
Intersegment eliminations		(9	)		(7	)
Total	$	2,389		$	1,837

Huntsman Corporation:
Segment adjusted EBITDA(1):
Polyurethanes	$	224		$	207
Performance Products		146			63
Advanced Materials		67			44
Textile Effects		28			25
Total reportable segments’ adjusted EBITDA		465			339

Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes:
Interest expense, net—continuing operations		(14	)		(19	)
Depreciation and amortization—continuing operations		(71	)		(74	)
Corporate and other costs, net(2)		(50	)		(50	)
Net income attributable to noncontrolling interests		17			17
Other adjustments:
Business acquisition and integration expenses and purchase accounting inventory adjustments		(6	)		(9	)
Fair value adjustments to Venator investment		(2	)		(19	)
Certain legal and other settlements and related expenses		(12	)		(2	)
Costs associated with the Albemarle Settlement, net		(1	)		—
Loss on sale of business/assets		(4	)		—
Income from transition services arrangements		1			1
Certain nonrecurring information technology project implementation costs		(2	)		(1	)
Amortization of pension and postretirement actuarial losses		(14	)		(22	)
Plant incident remediation costs		—			(4	)
Restructuring, impairment and plant closing and transition costs(3)		(3	)		(24	)
Income from continuing operations before income taxes		304			133

Income tax expense—continuing operations		(65	)		(34	)
Income from discontinued operations		1			1
Net income	$	240		$	100

	*Three months*
	*ended*
	*March 31,*
	*2022*			*2021*
Huntsman International:
Segment adjusted EBITDA(1):
Polyurethanes	$	224		$	207
Performance Products		146			63
Advanced Materials		67			44
Textile Effects		28			25
Total reportable segments’ adjusted EBITDA		465			339

Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes:
Interest expense, net—continuing operations		(14	)		(19	)
Depreciation and amortization—continuing operations		(71	)		(73	)
Corporate and other costs, net(2)		(47	)		(47	)
Net income attributable to noncontrolling interests		17			17
Other adjustments:
Business acquisition and integration expenses and purchase accounting inventory adjustments		(6	)		(9	)
Fair value adjustments to Venator investment		(2	)		(19	)
Certain legal and other settlements and related expenses		(12	)		(2	)
Costs associated with the Albemarle Settlement, net		(1	)		—
Loss on sale of business/assets		(4	)		—
Income from transition services arrangements		1			1
Certain nonrecurring information technology project implementation costs		(2	)		(1	)
Amortization of pension and postretirement actuarial losses		(14	)		(23	)
Plant incident remediation costs		—			(4	)
Restructuring, impairment and plant closing and transition costs(3)		(3	)		(24	)
Income from continuing operations before income taxes		307			136

Income tax expense—continuing operations		(65	)		(35	)
Income from discontinued operations		1			1
Net income	$	243		$	102