Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 19 - Earnings Per Share

Note 19 - Earnings Per Share

9 Months Ended

Sep. 30, 2022

19. EARNINGS PER SHARE

Basic income per share excludes dilution and is computed by dividing net income attributable to Huntsman Corporation by the weighted average number of shares outstanding during the period. Diluted income per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income attributable to Huntsman Corporation by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities.

Basic and diluted income per share is determined using the following information (in millions):

	*Three months*				*Nine months*
	*ended*				*ended*
	*September 30,*				*September 30,*
	*2022*		*2021*		*2022*		*2021*
Numerator:
Income from continuing operations attributable to Huntsman Corporation	$	101	$	203	$	521	$	412
Net income attributable to Huntsman Corporation	$	100	$	209	$	551	$	448

Denominator:
Weighted average shares outstanding		197.7		219.4		205.2		220.2
Dilutive shares:
Stock-based awards		1.5		1.9		2.0		2.0
Total weighted average shares outstanding, including dilutive shares		199.2		221.3		207.2		222.2

Additional stock-based awards of approximately 1.3 million and 1.0 million weighted average equivalent shares of stock were outstanding during the three months ended September 30, 2022 and 2021, respectively, and approximately 0.9 million and 1.5 million weighted average equivalent shares of stock were outstanding during the nine months ended September 30, 2022 and 2021, respectively. However, these stock-based awards were not included in the computation of diluted income per share for the respective periods mentioned above because the effect would be anti-dilutive.