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

Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Accumulated Other Comprehensive Loss (Tables)

Note 13 - Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustments(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2023		$	(648	)		$	(652	)		$	2			$	5			$	(1,293	)		$	25			$	(1,268	)
Other comprehensive income (loss) before reclassifications, gross			27				(24	)			—				(1	)			2				(2	)			—
Tax impact			—				2				—				—				2				—				2
Amounts reclassified from accumulated other comprehensive loss, gross(c)			28				72				—				—				100				—				100
Tax impact			(1	)			24				—				—				23				—				23
Net current-period other comprehensive income (loss)			54				74				—				(1	)			127				(2	)			125
Ending balance, March 31, 2023		$	(594	)		$	(578	)		$	2			$	4			$	(1,166	)		$	23			$	(1,143	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustments(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2022		$	(420	)		$	(810	)		$	8			$	6			$	(1,216	)		$	13			$	(1,203	)
Other comprehensive loss before reclassifications, gross			(20	)			—				—				(1	)			(21	)			1				(20	)
Tax impact			—				—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				13				—				—				13				—				13
Tax impact			—				(4	)			—				—				(4	)			—				(4	)
Net current-period other comprehensive (loss) income			(20	)			9				—				(1	)			(12	)			1				(11	)
Ending balance, March 31, 2022		$	(440	)		$	(801	)		$	8			$	5			$	(1,228	)		$	14			$	(1,214	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustments(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2023		$	(653	)		$	(628	)		$	2			$	1			$	(1,278	)		$	25			$	(1,253	)
Other comprehensive income (loss) before reclassifications, gross			27				(24	)			—				—				3				(2	)			1
Tax impact			—				2				—				—				2				—				2
Amounts reclassified from accumulated other comprehensive loss, gross(c)			28				72				—				—				100				—				100
Tax impact			(1	)			24				—				—				23				—				23
Net current-period other comprehensive income (loss)			54				74				—				—				128				(2	)			126
Ending balance, March 31, 2023		$	(599	)		$	(554	)		$	2			$	1			$	(1,150	)		$	23			$	(1,127	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustments(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2022		$	(424	)		$	(786	)		$	8			$	2			$	(1,200	)		$	13			$	(1,187	)
Other comprehensive loss before reclassifications, gross			(20	)			—				—				(1	)			(21	)			1				(20	)
Tax impact			—				—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				13				—				—				13				—				13
Tax impact			—				(4	)			—				—				(4	)			—				(4	)
Net current-period other comprehensive (loss) income			(20	)			9				—				(1	)			(12	)			1				(11	)
Ending balance, March 31, 2022		$	(444	)		$	(777	)		$	8			$	1			$	(1,212	)		$	14			$	(1,198	)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

		*Three Months Ended March 31,*
		*2023*				*2022*
		*Amounts reclassified*				*Amounts reclassified*				*Affected line item in*
		*from accumulated*				*from accumulated*				*the statement*
Details about accumulated other		*other*				*other*				*where net income*
comprehensive loss components(a):		*comprehensive loss*				*comprehensive loss*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(2	)		$	(2	)	(b)(c)	Other income, net
Actuarial loss			8				15		(b)(c)	Other income, net
Curtailment gains			(1	)			—		(d)	Other income, net
Settlement losses			67				—		(d)	Other income, net
			72				13			Total before tax
			24				(4	)		Income tax expense
Total reclassifications for the period		$	96			$	9			Net of tax

		*Three Months Ended March 31,*
		*2023*				*2022*
		*Amounts reclassified*				*Amounts reclassified*				*Affected line item in*
		*from accumulated*				*from accumulated*				*the statement*
Details about accumulated other		*other*				*other*				*where net income*
comprehensive loss components(a):		*comprehensive loss*				*comprehensive loss*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(2	)		$	(2	)	(b)(c)	Other income, net
Actuarial loss			8				15		(b)(c)	Other income, net
Curtailment gains			(1	)			—		(d)	Other income, net
Settlement losses			67				—		(d)	Other income, net
			72				13			Total before tax
			24				(4	)		Income tax expense
Total reclassifications for the period		$	96			$	9			Net of tax