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

Quarterly report pursuant to Section 13 or 15(d)

Note 18 - Earnings Per Share

Note 18 - Earnings Per Share

6 Months Ended

Jun. 30, 2023

18. 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 potential dilutive securities.

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

	*Three months*				*Six months*
	*ended*				*ended*
	*June 30,*				*June 30,*
	*2023*		*2022*		*2023*		*2022*
Numerator:
Income from continuing operations attributable to Huntsman Corporation	$	21	$	215	$	52	$	420
Net income attributable to Huntsman Corporation	$	19	$	228	$	172	$	451

Denominator:
Weighted average shares outstanding		179.2		205.2		180.9		209.0
Dilutive shares:
Stock-based awards		1.1		1.8		1.4		2.2
Total weighted average shares outstanding, including dilutive shares		180.3		207.0		182.3		211.2

Additional stock-based awards of approximately 1.8 million and 1.2 million weighted average equivalent shares of stock were outstanding during the three months ended June 30, 2023 and 2022, respectively, and approximately 1.7 million and 1.0 million weighted average equivalent shares of stock were outstanding during the six months ended June 30, 2023 and 2022, 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.