Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total revenues [1] $ 1,606 $ 2,192
Cost of goods sold 1,337 1,677
Gross profit 269 515
Operating expenses:    
Selling, general and administrative 188 190
Research and development 30 34
Restructuring, impairment and plant closing credits (7) 0
Other operating (income) expense, net (3) 8
Total operating expenses 208 232
Operating income 61 283
Interest expense, net (18) (14)
Equity in income of investment in unconsolidated affiliates 12 15
Fair value adjustments to Venator investment, net (1) (2)
Other income, net 1 0
Income from continuing operations before income taxes 55 282
Income tax expense (11) (60)
Income from continuing operations 44 222
Income from discontinued operations, net of tax 122 18
Net income 166 240
Net income attributable to noncontrolling interests (13) (17)
Net income attributable to Huntsman Corporation $ 153 $ 223
Basic income per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.17 $ 0.96
Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) 0.67 0.09
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.84 $ 1.05
Weighted average shares (in shares) 182.7 212.7
Diluted income per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.17 $ 0.95
Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) 0.66 0.09
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.83 $ 1.04
Weighted average shares (in shares) 184.4 215.4
Amounts attributable to Huntsman Corporation:    
Income from continuing operations $ 31 $ 205
Income from discontinued operations, net of tax 122 18
Net income attributable to Huntsman Corporation 153 223
Total revenues [1] 1,606 2,192
Cost of goods sold 1,337 1,677
Gross profit 269 515
Huntsman International LLC [Member]    
Revenues:    
Total revenues 1,606 2,192
Cost of goods sold 1,337 1,677
Gross profit 269 515
Operating expenses:    
Selling, general and administrative 186 187
Research and development 30 34
Restructuring, impairment and plant closing credits (7) 0
Other operating (income) expense, net (3) 8
Total operating expenses 206 229
Operating income 63 286
Interest expense, net (18) (14)
Equity in income of investment in unconsolidated affiliates 12 15
Fair value adjustments to Venator investment, net (1) (2)
Other income, net 1 0
Income from continuing operations before income taxes 57 285
Income tax expense (11) (60)
Income from continuing operations 46 225
Income from discontinued operations, net of tax 122 18
Net income 168 243
Net income attributable to noncontrolling interests (13) (17)
Net income attributable to Huntsman Corporation 155 226
Amounts attributable to Huntsman Corporation:    
Net income attributable to Huntsman Corporation 155 226
Total revenues 1,606 2,192
Cost of goods sold 1,337 1,677
Gross profit 269 515
Third Party Customers [Member]    
Revenues:    
Total revenues 1,573 2,132
Amounts attributable to Huntsman Corporation:    
Total revenues 1,573 2,132
Third Party Customers [Member] | Huntsman International LLC [Member]    
Revenues:    
Total revenues 1,573 2,132
Amounts attributable to Huntsman Corporation:    
Total revenues 1,573 2,132
Related Party Customers [Member]    
Revenues:    
Total revenues 33 60
Amounts attributable to Huntsman Corporation:    
Total revenues 33 60
Related Party Customers [Member] | Huntsman International LLC [Member]    
Revenues:    
Total revenues 33 60
Amounts attributable to Huntsman Corporation:    
Total revenues $ 33 $ 60
[1] Geographic information for revenues is based upon countries into which product is sold.