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

6 Months Ended

Jun. 30, 2022

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 June 30, 2022 and 2021 (dollars in millions):

			*Performance*		*Advanced*		*Textile*		*Corporate and*
2022	*Polyurethanes*		*Products*		*Materials*		*Effects*		*eliminations*			*Total*
Primary geographic markets(1)
U.S. and Canada	$	571	$	223	$	110	$	14	$	(4	)	$	914
Europe		348		117		123		33		(4	)		617
Asia Pacific		332		120		74		114		(2	)		638
Rest of world		102		32		29		31		(1	)		193
	$	1,353	$	492	$	336	$	192	$	(11	)	$	2,362

Major product groupings
MDI urethanes	$	1,353										$	1,353
Differentiated			$	492									492
Specialty					$	309							309
Non-specialty						27							27
Textile chemicals and dyes							$	192					192
Eliminations									$	(11	)		(11	)
	$	1,353	$	492	$	336	$	192	$	(11	)	$	2,362

			Performance		Advanced		Textile		Corporate and
2021	Polyurethanes		Products		Materials		Effects		eliminations			Total
Primary geographic markets(1)
U.S. and Canada	$	430	$	157	$	89	$	12	$	(6	)	$	682
Europe		293		100		110		35		(2	)		536
Asia Pacific		340		97		74		130		—			641
Rest of world		92		17		26		30		—			165
	$	1,155	$	371	$	299	$	207	$	(8	)	$	2,024

Major product groupings
MDI urethanes	$	1,155										$	1,155
Differentiated			$	371									371
Specialty					$	274							274
Non-specialty						25							25
Textile chemicals and dyes							$	207					207
Eliminations									$	(8	)		(8	)
	$	1,155	$	371	$	299	$	207	$	(8	)	$	2,024

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

The following tables disaggregate our revenue from continuing operations by major source for the six months ended June 30, 2022 and 2021 (dollars in millions):

			*Performance*		*Advanced*		*Textile*		*Corporate and*
2022	*Polyurethanes*		*Products*		*Materials*		*Effects*		*eliminations*			*Total*
Primary geographic markets(1)
U.S. and Canada	$	1,131	$	428	$	216	$	29	$	(7	)	$	1,797
Europe		703		237		251		65		(8	)		1,248
Asia Pacific		692		244		145		233		(3	)		1,311
Rest of world		213		63		59		62		(2	)		395
	$	2,739	$	972	$	671	$	389	$	(20	)	$	4,751

Major product groupings
MDI urethanes	$	2,739										$	2,739
Differentiated			$	972									972
Specialty					$	615							615
Non-specialty						56							56
Textile chemicals and dyes							$	389					389
Eliminations									$	(20	)		(20	)
	$	2,739	$	972	$	671	$	389	$	(20	)	$	4,751

			Performance		Advanced		Textile		Corporate and
2021	Polyurethanes		Products		Materials		Effects		eliminations			Total
Primary geographic markets(1)
U.S. and Canada	$	801	$	277	$	172	$	25	$	(9	)	$	1,266
Europe		572		177		209		66		(5	)		1,019
Asia Pacific		676		188		145		249		—			1,258
Rest of world		174		34		51		60		(1	)		318
	$	2,223	$	676	$	577	$	400	$	(15	)	$	3,861

Major product groupings
MDI urethanes	$	2,223										$	2,223
Differentiated			$	676									676
Specialty					$	519							519
Non-specialty						58							58
Textile chemicals and dyes							$	400					400
Eliminations									$	(15	)		(15	)
	$	2,223	$	676	$	577	$	400	$	(15	)	$	3,861

(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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details