Quarterly report pursuant to Section 13 or 15(d)

Note 20 - Operating Segment Information - Financial Information By Segment (Details)

v3.22.1
Note 20 - Operating Segment Information - Financial Information By Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Total revenues [1] $ 2,389 $ 1,837
Segment adjusted EBITDA [2] 465 339
Interest expense, net—continuing operations (14) (19)
Depreciation and amortization—continuing operations (71) (74)
Corporate and other costs, net(2) [3] (50) (50)
Net income attributable to noncontrolling interests 17 17
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) 0
Loss on sale of business/assets (4) 0
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 0 (4)
Restructuring, impairment and plant closing and transition costs(3) [4] (3) (24)
Income from continuing operations before income taxes 304 133
Income tax expense—continuing operations (65) (34)
Income from discontinued operations, net of tax 1 1
Net income 240 100
Corporate and other costs, net(2) [3] 50 50
Fair value adjustments to Venator investment (2) (19)
Huntsman International LLC [Member]    
Total revenues 2,389 1,837
Interest expense, net—continuing operations (14) (19)
Depreciation and amortization—continuing operations (71) (73)
Corporate and other costs, net(2) [3] 47 47
Net income attributable to noncontrolling interests 17 17
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) 0
Loss on sale of business/assets (4) 0
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 0 (4)
Restructuring, impairment and plant closing and transition costs(3) [4] (3) (24)
Income from continuing operations before income taxes 307 136
Income tax expense—continuing operations (65) (35)
Income from discontinued operations, net of tax 1 1
Net income 243 102
Corporate and other costs, net(2) [3] (47) (47)
Fair value adjustments to Venator investment (2) (19)
Operating Segments [Member]    
Total revenues 2,398 1,844
Operating Segments [Member] | Huntsman International LLC [Member]    
Segment adjusted EBITDA [2] 465 339
Consolidation, Eliminations [Member]    
Total revenues (9) (7)
Polyurethanes [Member] | Operating Segments [Member]    
Total revenues [1] 1,386 1,068
Segment adjusted EBITDA [2] 224 207
Polyurethanes [Member] | Operating Segments [Member] | Huntsman International LLC [Member]    
Segment adjusted EBITDA [2] 224 207
Performance Products [Member] | Operating Segments [Member]    
Total revenues [1] 480 305
Segment adjusted EBITDA [2] 146 63
Performance Products [Member] | Operating Segments [Member] | Huntsman International LLC [Member]    
Segment adjusted EBITDA [2] 146 63
Advanced Materials [Member] | Operating Segments [Member]    
Total revenues [1] 335 278
Segment adjusted EBITDA [2] 67 44
Advanced Materials [Member] | Operating Segments [Member] | Huntsman International LLC [Member]    
Segment adjusted EBITDA [2] 67 44
Textile Effects [Member] | Operating Segments [Member]    
Total revenues [1] 197 193
Segment adjusted EBITDA [2] 28 25
Textile Effects [Member] | Operating Segments [Member] | Huntsman International LLC [Member]    
Segment adjusted EBITDA [2] $ 28 $ 25
[1] Geographic information for revenues is based upon countries into which product is sold.
[2] We use segment adjusted EBITDA as the measure of each segment’s profit or loss. We believe that segment adjusted EBITDA more accurately reflects what the chief operating decision maker uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses and purchase accounting inventory adjustments; (b) fair value adjustments to Venator investment and related loss on disposal; (c) certain legal and other settlements and related income (expenses); (d) costs associated with the Albemarle Settlement, net; (e) loss on sale of business/assets; (f) income from transition services arrangements related to the sale of our Chemical Intermediates Businesses to Indorama; (g) certain nonrecurring information technology project implementation costs; (h) amortization of pension and postretirement actuarial losses; (i) plant incident remediation costs; and (j) restructuring, impairment, plant closing and transition costs.
[3] Corporate and other costs, (net) includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense and gains and losses on the disposition of corporate assets.
[4] Includes costs associated with transition activities relating primarily to our Corporate program to optimize our global approach to leverage shared services capabilities.